I've spotted a couple of Silver Eagles that are far below the prices listed at PCGS. Why these are so cheap? Here's a 1994 NGC MS69 for $114 sold by Silver Mountain Coins: http://cgi.ebay.com/1994-Silver-Eag...49766QQcategoryZ39488QQtcZphotoQQcmdZViewItem PCGS says an MS69 should be $170. Here's a 1988 PF69 going for $49 http://www.moderncoinmart.com/coin/1988-S-ASE-Silver-Eagle-NGC-Proof-PF69-UC but PCGS says it should be $90.
Most if not all will tell you that most price guides are well on the high side. Do what you are doing , looking around and checking some of the auctions to see what the coins in real life are going for.
A coin is not rare or valuable if PCGS says it is, it is rare or valuable if you can't find them. If there are lots of them on eBay, they are NOT going to be worth much, nevermind the grade on the capsule
PCGS's price guide is way way wrong. They are considered on the high side. What I would do is look at auctions on Heritage or or download the grey sheets. They are more accurate than PCGS. Also, reasearsh and study about the coin you are going to buy. And be sure to have a bit of patience. If you have all these, then you are most likely to run into a deal along the road. Good luck. :thumb: Phoenix
Everyone else has said it perfectly. PCGS prices are not realistic in any way. The ONLY publication that even comes close is the Greysheet...a sound investment for anyone that will be buying coins. If you like books, rather than weekly newsletters, you may try the Red Book...it's based on retail pricing. It can be wrong too but at least they TRY to be accurate. I'm not sure where PCGS info comes from but it's always high...very high. I sold 2 ms69 eagles in the shop today...one pcgs 1st strike 69, the other ngc ms69. $20 each. I think one was a 2003 and the other was an 05 or 06. tradernick
Just for reference the auction prices of the 1994 NGC MS69 is $36 on average, and the PCGS MS69 is $60 or so... so you could have actually asked... $114 by Silver Mountain.. why so expensive!!?
