PCGS Coin "Values" - why inflated?

What percentage of coins are traded well below versus well above grey sheet?

My sense is that the numbers of coins that are bought, and particularly sold, at levels well above greysheet are far more numerous than those that trade for less.

However, I'd like to understand your, and other's, perspective. THanks...Mike

 

Log in or Sign up to hide this ad.

Mike:
I would agree about the %'age above bid, for key dates, semi-key dates and more attractive pieces.
However, for common pieces, as many sell above as below.

 

Because the final collector is the individual who has to make it profitable not just for the seller of the coin but for the slabbing company who puts it in plastic. Just an annoying middle man for some, a valuable service for others.

Oft times the slabbing company touts their service as required. Critical if you will to ensure the accurate attribution and authentication of the coin. For the individual who wants to buy the genuine article and doesn't want to fully understand the series, maybe they are the ticket...

Now, if they all could somehow be MADE to follow the same standards...

Ben

 

Blue Sheet, Grey Sheet, picky picky picky. If you go to the web site http://www.greysheet.com, there you will find several products. One product series lists the prices for raw coins, and one series lists prices for slabbed coins. The whole point of my message was to point the original poster in the direction of a reliable source of coin values.

I may be being a bit sensitive here, but you are one of a few reasons why I avoid posting most of the time. To me, (note... me... I'm not speaking for anyone else) it seems that you always have to post some type of picayune correction to at least one post in every thread.

There... I'm done trying to be helpful to anyone. I'll read posts and keep my comments, opinions, recommedations, and knowledge gained from experience to myself.

 

I think you are being overly sensitive. I view GDJMSP's posts as only tring to share his knowledge -- just I view your post. I thank you both for sharing your experience and opinoins -- that's what forums like this are for as far as I'm concerned...Mike

 

LibertyBell:
Just as you have an opinion, so do others.
Just because they may not agree with you, they are entitled to their opinions.
I am sure that it was nothing personal, nor a personal attack against you.
There are many who disagree with me, and I hope that they share their opinions.
That is why we have free speech, or everyone would think alike-- what a boring thought.

 

I seem to have noticed that too. Thanks for bringing it forward again.

 

Back to the original Question, I think PCGS inflates the prices in there guide so when a new collector wants to get a coin graded they see these great prices for PCGS graded coins they think wow my coin will be worth much more if PCGS grades it. So they send it to PCGS instead of another tpg. Thats my theory.

 

On the other hand, PCGS seems to "grade the hardest". Based on that, there's no question that PCGS-graded coins are worth more than a comparable grade assigned by another TPG. However, what I was referring to was the fact that the prices listed on the PCGS price guide are generally much higher than the actual selling price for PCGS-graded coins.

As an example, a recent Heritage Auction sold several PCGS-graded 1909-S VDB Lincoln cents in MS64 RB for prices ranging from $2116 to $2415.

1219

1220

1221

The PCGS price listed for this coin is $3250, meaning that the guide is inflated by 43% over the average recent selling price of $2277.

Therefore, the PCGS price guide isn't a very accurate estimate of the value of even PCGS-graded and slabbed coins. (At least for this example)

 

And I'm unbelievably sorry to hear that.

Off the top of my hand I don't recall whether I have generally agreed or disagreed with any of your posts, but I certainly don't recall any instances in which you made personal attacks on others for not agreeing with you, and to me that's the test of a true CoinTalker!

There are very few absolutes in this human world, and disagreement on historical fact is a hallmark of humanity. Our chances of getting to the truth are always increased when those with opposing points of view put their information out there for discussion in a respectful way.

Please reconsider your decision.

 

Differing opinions

Hi LibertyBell,

I don't know you but would still hate to lose your insights.
I have seen many opinions that I do not agree with but respect the person for his/her opinion.
Variety is the spice of life.

I recently had an individual "insult" me on one of my posts. The moderator actually edited his comments as I was typing my reply.
Would I like this person's opinions on further threads from me? Most certainly he meant no harm just worded it a bit wrong. This is why I say

A closed mind is no mind at all.

Hope to see you particpating soon.

 

A bit? A clarification is always helpful. My goodness... no need to get one's undergarmets in a bunch IMHO. DO you think if you would have clarified one of his posts he'd say he's not going to help anyone anymore? Alas, if one's mind is made up... it is, but my advice is to grow some skin and simply explain what you meant.