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<p>[QUOTE="tomsimons, post: 740389, member: 5450"]First off, please let me reintroduce myself. I've been interested in the hobby for as long as I can remember and have participated in varying degrees since childhood. Everyone talking about metals prices has reminded me how much fun I used to have with them and I've started reading up on coins again. I registered for this forum like 3 years ago and I recalled how welcoming and knowledgeable it was. I apologize for my absence, but hope to make a positive contribution down the road.</p><p><br /></p><p>Now, on to my question. What resources do you use to determine a price for a coin? When you walk into a shop and see a nice coin, it's incredibly difficult to assess whether or not a price you're quoted is fair. Resources online don't seem to be reflective of what anyone pays for coins on ebay or these mail-order sheet things in magazines. </p><p><br /></p><p>The case in point is this... I have found a lovely 1878 CC Morgan dollar with really beautiful edge toning in a PCGS MS63 holder. Various online guides say I should be prepared to pay 370-390 or some such. Ebay, teletrade, and some forum posts show prices somewhere around 260-300. So, what's closer to the real "market" price. Is there such a thing? </p><p><br /></p><p>I really like this coin, but I'm wary of overpaying. After tax, the price is somewhere around $340. Is this fair and does the extra premium over the auctions justify the ability to examine the coin in hand, etc (is that the reasoning behind the discount?).</p><p><br /></p><p>Thanks for any and all help, folks.[/QUOTE]</p><p><br /></p>
[QUOTE="tomsimons, post: 740389, member: 5450"]First off, please let me reintroduce myself. I've been interested in the hobby for as long as I can remember and have participated in varying degrees since childhood. Everyone talking about metals prices has reminded me how much fun I used to have with them and I've started reading up on coins again. I registered for this forum like 3 years ago and I recalled how welcoming and knowledgeable it was. I apologize for my absence, but hope to make a positive contribution down the road. Now, on to my question. What resources do you use to determine a price for a coin? When you walk into a shop and see a nice coin, it's incredibly difficult to assess whether or not a price you're quoted is fair. Resources online don't seem to be reflective of what anyone pays for coins on ebay or these mail-order sheet things in magazines. The case in point is this... I have found a lovely 1878 CC Morgan dollar with really beautiful edge toning in a PCGS MS63 holder. Various online guides say I should be prepared to pay 370-390 or some such. Ebay, teletrade, and some forum posts show prices somewhere around 260-300. So, what's closer to the real "market" price. Is there such a thing? I really like this coin, but I'm wary of overpaying. After tax, the price is somewhere around $340. Is this fair and does the extra premium over the auctions justify the ability to examine the coin in hand, etc (is that the reasoning behind the discount?). Thanks for any and all help, folks.[/QUOTE]
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