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<p>[QUOTE="JPeace$, post: 1815422, member: 42727"]Love seeing all the different viewpoints. I was told by a highly respected coin broker, who was a grader at NGC and now works for Heritage, that using the Heritage auction archives is probably the best place to go for a price guide. He was not working at Heritage when he said that to me. Heritage has a wealth of sales data. You can see when coins were purchased as well. This helps with the fluctuations in the market.</p><p> </p><p>I buy a lot of coins on eBay, but have to agree with <b>GDJMSP</b> that many of the prices realized on the site skew the market data. I am very careful on eBay and simply walk away from a lot of auctions because the price is too high, IMO. I use Heritage, NGC price guide and CoinWorld for pricing guidance. I've heard so many contradictary comments about CDN, that I stopped buying it. I also agree about the coin being worth what the buyer is willing to pay, but only up to a certain point.</p><p> </p><p>Here's a real example that just happened to me. Stack's and Bower's auction ended last night. Coin I was bidding on had a Pop of 44 at NGC and 12 at PCGS. Only one level graded higher (MS66 PL) and there were less than a handful of those graded. Of the 45K MS65 in the Heritage archives, only 3469 were PL's and only a total of 20 were sold in the same year and mint mark I was bidding on. Their records date back to the 1990's. Earlier this month one sold for $1116, '12 $12,650, '11 $632, '09 a couple sold, '07 only 3 sold, etc... The coin I was looking at had a low POP and did not hit the market very often. So I bid on it and according to the NGC price guide, I paid about a 25% premium when you include BP. But the bottom line for me is that I wanted that coin and I was willing to pay a premium to get it. I won the coin, I'm ecstatic and don't give a rip that I paid over "market".</p><p> </p><p>If it's a common date and grade though, I know there will be many more to hit the market and I will be more judicious with my bidding.[/QUOTE]</p><p><br /></p>
[QUOTE="JPeace$, post: 1815422, member: 42727"]Love seeing all the different viewpoints. I was told by a highly respected coin broker, who was a grader at NGC and now works for Heritage, that using the Heritage auction archives is probably the best place to go for a price guide. He was not working at Heritage when he said that to me. Heritage has a wealth of sales data. You can see when coins were purchased as well. This helps with the fluctuations in the market. I buy a lot of coins on eBay, but have to agree with [B]GDJMSP[/B] that many of the prices realized on the site skew the market data. I am very careful on eBay and simply walk away from a lot of auctions because the price is too high, IMO. I use Heritage, NGC price guide and CoinWorld for pricing guidance. I've heard so many contradictary comments about CDN, that I stopped buying it. I also agree about the coin being worth what the buyer is willing to pay, but only up to a certain point. Here's a real example that just happened to me. Stack's and Bower's auction ended last night. Coin I was bidding on had a Pop of 44 at NGC and 12 at PCGS. Only one level graded higher (MS66 PL) and there were less than a handful of those graded. Of the 45K MS65 in the Heritage archives, only 3469 were PL's and only a total of 20 were sold in the same year and mint mark I was bidding on. Their records date back to the 1990's. Earlier this month one sold for $1116, '12 $12,650, '11 $632, '09 a couple sold, '07 only 3 sold, etc... The coin I was looking at had a low POP and did not hit the market very often. So I bid on it and according to the NGC price guide, I paid about a 25% premium when you include BP. But the bottom line for me is that I wanted that coin and I was willing to pay a premium to get it. I won the coin, I'm ecstatic and don't give a rip that I paid over "market". If it's a common date and grade though, I know there will be many more to hit the market and I will be more judicious with my bidding.[/QUOTE]
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