PCGS price guide explained

Discussion in 'Coin Chat' started by koen, Feb 2, 2012.

  1. koen

    koen New Member

    Can somebody explain the way the PCGS price guide works?
    I have been looking at it, but i dont get how its constructed.

    Lets say i wat to know what PCGS says my 1923 peace dollar is worth, graded MS63, how can i find what it is worth.
    When i look itup i get all different collums withnumbers, but it is not clear for me what isthenumber to look at to know what it is worth.

    I would like o know this so i have an idea about how it works for when i want to buy a PCGS graded coin on ebay, so i know i wont pay to much.


    Thank you
     
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  3. tdogchristy90

    tdogchristy90 Dieu et les Dames

    Hey man....

    So if you look at the grid, you have the dates/mint to the left. At the top you have the grades such as 45, 50, 55, 60 etc. (not all numbers are available if you're not a subscriber)....then if you go down you have the prices....so like up your coin date and grade and find it on the chart. Just like an x/y graph
     
  4. Tyler G.

    Tyler G. Active Member

    You could also put in the Number on the slab here http://www.pcgs.com/cert/ and it will tell you about it and how much it is worth. :)
     
  5. koen

    koen New Member

    So if i understand you correctly this is howmuch $ it should be worth? (the numbers in the red frame)
    What is the difference between the regular one and the + ?

    priceguide.jpeg

    ps: the coin grade number is 7360.63/20521914
     
  6. koen

    koen New Member

    much easyer :p
    thank you.

    Gonna bookmark that one on my mobile phone to, so when i go to traefairs ik can use it when i see something i like :p
     
  7. tdogchristy90

    tdogchristy90 Dieu et les Dames

    Yes that's how you'd do it for the grid bud.
     
  8. koen

    koen New Member

    thank you for the info.

    Man, i love this site, i think i learned more here allready in the short time that i am a member than i learned in all my years of school :p
     
  9. Tyler G.

    Tyler G. Active Member

    :thumb:
     
  10. koen

    koen New Member

    traefairs = tradefairs :p
     
  11. GDJMSP

    GDJMSP Numismatist Moderator

    Don't. The PCGS price guide, more often than not, list values that are too high. Sometimes way too high. In other words the coin is rarely actually worth that much.
     
  12. LindeDad

    LindeDad His Walker.

    I really find your statement to be untrue more than fact. I buy almost exclusively PCGS holdered coins and find the price guide to be under what I have to pay at Heritage , eBay, or coin shows for coins that I consider to be true to the grade on the holder in most cases of classic coins. I will concede that for moderns it can be out of wack except for the top pop coins.
     
  13. GDJMSP

    GDJMSP Numismatist Moderator

    This is what PCGS says -

    "WHAT DO PCGS PRICES MEAN?
    The prices listed in the PCGS Price Guide are average dealer asking prices for PCGS-graded coins. The prices are compiled from various sources including dealer ads in trade papers, dealer fixed price lists and website offerings, significant auctions, and activity at major coin shows. Dealer specialists and expert collectors provide pricing input. Remember that the prices are just a guide, a starting point for asserting value. Some PCGS coins sell for less than the prices listed and some PCGS coins sell for more than the prices listed. "

    All I have access to is the free stuff, but some examples.

    1887-S Morgan MS64 - PCGS $675 Heritage $575

    1880-S Morgan MS64 DMPL - PCGS $350 Heritage, 5 auctions all within the past 60 days with prices ranging from $74 to $172.50

    Granted, you can find some coins where the price guide is in line with realized auction prices. You will find others for less and others for more. It's pretty much like PCGS says. But as a general rule I have always found more where the price guide is high than anything else.

    I would ask this question. PCGS says they compile their price guide based on dealer asking prices. Why then does David Hall Rare Coins pretty consistently offer coins for less than what is listed in the PCGS price guide ?
     
  14. Collect89

    Collect89 Coin Collector

    Hello koen,

    IMHO The PCGS price list is just another price list. There is nothing magical about it. It is similar to the prices in the red book except that the PCGS list is updated more often. (Obviously, there are many differences beyond the scope of my post here). I suggest you look at the prices listed on many different price lists & see how they compare. One price list that I certainly recommend for US coins is the Coin Dealer's Newsletter (CDN) which is called the “greysheet”. Here is a link to the CDN Website. http://www.greysheet.com

    You can buy a sample pack & print it right off the Website. I recommend the following sample pack:
    The Coin Dealer Newsletter (Greysheet),
    The CDN Monthly Supplement,
    The CDN Quarterly I,
    The CDN Quarterly II,
    The CDN Quarterly III,
     
  15. mark_h

    mark_h Somewhere over the rainbow

    I just checked my 2 cent coins, which are all PCGS coins. I find the PCGS price guide over for heritage auctions in general, yet closer to retail prices. And yes in some cases over and some cases under. I have never really used it as a retail type guide, but it does appear to be close - probably +/- a few hundred dollars in the grades I looked at.

    So then I started looking at my IHC's that are PCGS coins. In one case if I go by the PCGS price guide I would, if I could sell it, make about 850 on a coin from heritage. This time when looking at collectors corner the prices are low on the pcgs price guide that I looked at. Of course some of the dealers are specialized and the prices might be a little high. All I know is that several I bought off heritage I could make a nice percentage on if I could sell them at PCGS price guides.

    That is just my experience when comparing the PCGS price guide to heritage and dealers off collectors corner. I was concentrating on some higher grades and even then heritage might have only ever auctioned less than 20 of the coins over the years. I do know I would never use it for moderns - when I collected ASE's the PCGS price guide was about double in some cases over what I could get the coin for. This is just my results and it was not super intensive. So this just reflects my opinion of what I saw. Yours may differ based off the type of coins.
     
  16. Hobo

    Hobo Squirrel Hater

    A + indicates the price has increased since the previous update. Similarly, a - indicates the price has decreased since the previous update. And a price without a + or - means the price is unchanged since the previous update.
     
  17. Collect89

    Collect89 Coin Collector

    The PCGS regular slabs VS the new secure plus PCGS slabs with a (+) designation on the label.
     
  18. Collect89

    Collect89 Coin Collector

    On the CDN (Greysheet) the + and - is used as Hobo describes here.
     
  19. GDJMSP

    GDJMSP Numismatist Moderator

    Of all the price guides, this is the ONLY one to use. Just keep in mind that the prices listed in CDN are for coins that are average for the grade.
     
  20. Breakdown

    Breakdown Member

    The PCGS price guide is a better guide for PCGS coins than some on here would suggest. Imagine a major auction in which a very good dealer with a good eye (think CoinGuy1) has targeted PQ coins after going through the full set of lots and add a reasonable mark-up for retail and you have a decent approximation of the PCGS price. Better than CDN in my opinion. Better than either is auction prices from Heritage or CoinFacts.
     
  21. mark_h

    mark_h Somewhere over the rainbow

    Very true - you will see a lot of coins go straight from heritage to ebay with a mark up. I use to see this often - hardly check ebay anymore.
     
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