Greysheet VS What you pay for coins

Discussion in 'Coin Chat' started by jfscmedic, Nov 9, 2016.

  1. ksparrow

    ksparrow Coin Hoarder

    I think for pcgs/ngc graded Morgans I would look at what they have been selling for on Heritage, or eBay. The Heritage APR tool is very helpful and I use it a lot.
    JPeace$ likes this.
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  3. desertgem

    desertgem Senior Errer Collecktor

    I make the decision to buy or not buy a coin most commonly before I ask the price. If I am not happy with the coin, I don't want it at any imaginary grade level price, so I pass. Only exception is at club meetings where a portion of the selling price goes to the club. Although it is nice to be both, I would rather be happy in life than die with money on my chest.
    mark_h likes this.
  4. baseball21

    baseball21 Well-Known Member

    I actually like ICG a lot for lower value coins.

    That's just a demeaning silly attitude to have.
  5. TheFinn

    TheFinn Well-Known Member

    Remember our mantra . . . . . . . ." Collect the Plastic, NOT the coin!"
  6. baseball21

    baseball21 Well-Known Member

    It honestly just sounds uneducated when people say things like that.
    Last edited: May 20, 2018
  7. TheFinn

    TheFinn Well-Known Member

    That is the attitude of people that turn their noses up at an ANACS, ICG or SEGS slabbed coin. I have picked up several under graded and under priced coins that have easily crossed over to the "higher" echelon.
  8. baseball21

    baseball21 Well-Known Member

    ICG is better than they get credit for. The rest of that well......

    GDJMSP Numismatist Moderator

    It happens all the time and always has. And quite a few of them have even been upgraded by NGC and PCGS.

    But as a general rule, NGC and PCGS are more strict with their grading than ANACS or ICG - and always have been.
  10. Norm Fox

    Norm Fox New Member

    Thank you Burton. Kind of figured that the price guides were rigged and their collective outcome were in the interest of the authors. However I am still a bit fuzzy on how you gleaned the price of my 87. I have been using the NGC price guide as a reference and they have historical graph of price fluctuations hypertext on my 87 as well it shows it dropping slightly over 1 5 year period but only to $325. What data do they use to create the graph? The graph that you posted from PCGS I would assume compiles data and uses similar data to that of NGC. Thanks again
  11. Norm Fox

    Norm Fox New Member

    Thank you for your help. I actually do not collect for to make money. Just had the need to sell a few to pay off a couple credit cards. I have a few hundred morgans and Peace dollar. What sources would you recommend I use then? I have a blue book and a red book but neither list anything above ms 65. Thanks again
  12. Burton Strauss III

    Burton Strauss III Brother can you spare a trime? Supporter

    @Norm Fox

    The graph came from @GDJMSP - it's a composite from some 3rd party.

    As for individual expectations...

    If it's a commodity - run of the mill 62, 63, 64 - then you can look at any of the sites that show auction prices. Heritage, PCGS and NGC have links to auction data from their price guides too.

    It's a lot harder if it's got any kind of enhancement... toning gets a premium today. CAC. Even a rare VAM (although few of those). Top Population.

    Unfortunately of course the next poor shrub who tries to sell the same coin is going to see your auction sales price as the market... lather, rinse, repeat...
  13. GDJMSP

    GDJMSP Numismatist Moderator

    Norm -

    The graph I posted comes from PCGS, you can access it here -

    When you look at that page scroll down and you will see where it says - Market Segment Indexes. And one of those segments is the Morgan and Peace dollar Index. All of those combined are what make up the main index, the PCGS 3000 Index. The 3000 represents the rise and fall of the entire coin market as a whole. But the individual segments allow you see specific areas of the market. Explore, spend some time on that page and you'll get a better understanding of it.

    You also asked how I came up with the current market value of your coin. It's easy, I simply looked the most recent realized auctions prices for that specific coin. The 3 most recent sales were for $204 each, all 3 the same number. And that's why I said what you received was right in line with current market value for that specific coin. $192 - $204 - that's right in line.

    And that is what I always recommend that everybody do - look up recent realized auction prices when you want to know the current market value for any coin. And you do that by visiting the websites of all the major auction houses and searching their realized prices. That is the one and only accurate way of determining real world market value.

    And no, do not use ebay ! Using ebay will be as misleading as using price guides is. Use the major auction houses and ONLY the major auction houses. Most of the people who buy coins there actually know what they are doing. While most of those who buy coins on ebay have no idea at all of what they are doing. And that translates into their paying too much - most of the time anyway. Are there exceptions ? Yes, but exceptions do not disprove the rule.
  14. JPeace$

    JPeace$ Coinaholic

    I agree with GDJMSP regarding auction archives at the large auction houses. For what I buy, it's my go to. IMO, Heritage has the best sampling of pricing. You can see at least 9 different price points when looking at new listings too.
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