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<p>[QUOTE=&quot;DavidinCA, post: 1325457, member: 34905&quot;]I have not yet bought the red or blue book or any other book concerning values of coins.&nbsp; What I have done is pulled up a number of web sites that have given their range of values of what they believe certain coins to be worth.&nbsp; &nbsp; First off, are yearly pricing books good since pricing of coins can change frequently and therefore book pricing cannot keep up with online guides.</p><p><br /></p><p>Numismaster.com appears to have a good website that details their suggested pricing of coins.&nbsp; But the website says that the pricing is only for those graded by PCGS . . . and does not say whether it is the suggested price for a retailer, or an EBay experience.&nbsp; Obviously there is quite a difference between the expected value on numismaster.com and what coins are selling for on EBay.&nbsp; The question is whether this pricing &#039;guide&#039; on Numismaster is only a range or suggested value, and that coins that sell for 1/2 the suggested price on EBay doesn&#039;t invalidate the coins value?&nbsp; For instance if a PCGS MS65 coin can be auctioned on EBay for $250, but has a $600 value on Numismaster (or any other price guide), what is the real value?&nbsp; Did I make money on paper on the deal, or is the value what I paid for the coin because a coin is only worth what someone is willing able to pay?</p><p><br /></p><p>Price in a guide book or online resource is a good starting point to determine what a coin might be worth at a given point in time.&nbsp; But I&#039;ve recently read online that one really doesn&#039;t want to pay full listing price, but many use a 70% rule.&nbsp;&nbsp; If a coin has a list value of $900, then someone wouldn&#039;t want to buy it for more than $630.&nbsp; &nbsp;&nbsp; I&#039;ve also noticed that on EBay, coins are often sold at the list price that is 2 or 3 or 4 grades lower than what the grade of coin is.&nbsp; For instance, an XF40 coin sold for a price guide price of a VF20.&nbsp; Is that common on EBay?&nbsp; Is that common at retail or coin shop or show?</p><p><br /></p><p>The price one pays .... lowest price possible for the highest quality goods . . . is important.&nbsp; But for instance on ebay, let&#039;s take 20 Morgan silver dollars that have a melt value of $24 a coin.&nbsp; That means the 20 coins have a total melt value of $480.&nbsp;&nbsp; But if you were able to buy those coins for $480, and immediately sell them for melt, you wouldn&#039;t get $480.&nbsp; You might if lucky get 90% of melt or $432.&nbsp; But I&#039;ve found it impossible lately on EBay to get Morgan Dollars for less than melt....even when the condition is unkown!&nbsp;&nbsp; People seem to be paying more than melt value for bad looking coins . . . even I know this with my limited knowledge . . . when they aren&#039;t worth more than the silver in the coin.&nbsp; So why do some coins in an auction sell for $100 or $200 less than price book value?&nbsp;&nbsp; Are they deals or just not the &#039;quality&#039; others are looking for and therefore fetch a lower price even with the PCGS designation?&nbsp; &nbsp; It doesn&#039;t make much sense to me that a bunch of terrible looking G coins would sell for above melt, while other well graded coins sell for less than their book value - unless that&#039;s the nature of the beast.[/QUOTE]</p><p><br /></p>

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