Message:

<p>[QUOTE=&quot;Leadfoot, post: 1045900, member: 2972&quot;]I don&#039;t think there&#039;s a single guide that projects the &quot;market price&quot; as you do.&nbsp; To the best of my knowledge, none of them include shipping or taxes, for instance.</p><p><br /></p><p>The problem is not the price guide, per se, but rather how one USES the price guide (which was the issue I was trying to get at with the second paragraph of my original response).</p><p><br /></p><p>For example....</p><p><br /></p><p>Greysheet is how most coin dealers buy coins (e.g. Greysheet bid).&nbsp;&nbsp; Some even use it to price coins (e.g. Greysheet ask).&nbsp; The prices are cash prices, generally sans taxes.&nbsp; It&#039;s a very good guide for many coins, and not a good guide for quite a few.&nbsp; The key is knowing which is which.</p><p><br /></p><p>PCGS &amp; NGC price guides are retail price guides.&nbsp; Think &quot;Trends&quot; or &quot;Redbook&quot; type pricing.&nbsp; How much you can walk up to a coin dealer in a large show and purchase a coin in a retail transaction.&nbsp; Like all guides, it&#039;s accurate for some coins (18th and 19th century type coins, for example) and not so accurate for others, particularly those with thin retail channels (most moderns, for example).</p><p>&nbsp;</p><p>Heritage, Stacks, eBay, TT, etc. are auction sites.&nbsp;&nbsp; Actual transactions completed and the ability to see a photo are huge advantages.&nbsp; They are by default are the best and most up to date guide.&nbsp; However, many of the costs on both the buy and particularly the sell side are not well understood by many collectors.</p><p><br /></p><p>This brings up some interesting situations...</p><p><br /></p><p>If you can find a dealer who buys and sells from the greysheet, and know those coins that never really sell for greaysheet in the open market, you can take advantage of this (or be taken advantage of).&nbsp; A good example would be mid-grade barbers in semi-key dates, which are notoriously low on greysheet.</p><p><br /></p><p>Particularly PQ coins will sell for more money.&nbsp; But not to the dealer who buys and sells from Greysheet.&nbsp; Sell those coins to other collectors directly, or to one of the dealers who specializes in them to maximinze your selling price.</p><p><br /></p><p>Don&#039;t expect to sell your coins for retail price guide money.&nbsp; This is even moreso for modern coins.&nbsp; If you are going to try, you&#039;re best trying to sell directly to other collectors via something like the classifieds or other collector-to-collector transactions.&nbsp; Otherwise you&#039;re looking at a minimum of 10% and likely more like 20+% in transaction fees (i.e. for every $100 you sell a coin for, you&#039;ll be lucky to pocket $80, and that&#039;s before any federal income taxes on the profit).[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in