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<p>[QUOTE="geekpryde, post: 1975593, member: 36248"]<b>Part 4: Price Guides and other of that Ilk</b></p><p><b><br /></b></p><p>There has already been much said about which price guide, or combo of prices guides to use when determining a reasonable price for a generic coin. Now, keep in mind that varieties, toning premium, quality of strike, net-grading due to problems, and various other things can greatly increase or decrease the prices of a specific coin. But if you simply wanted to know what the "going rate" is for a average common Morgan Silver dollar, with nothing special about it (either in the positive or negative sense) where would a person look?</p><p><br /></p><p>Well, if you are an advanced collector you probably already have you preferred methods of determining a ball-park price. But if you are a newbie, there may be confusion as to where to even begin. My recommendation would be to avoid "grey-sheet" & "blue-sheet", if you have heard those terms tossed around. I would instead focus on two very simply and FREE methods of checking previous auction and previous Buy-it-Now sold listings.</p><p><br /></p><p><b>Method One: eBay Sold Listings</b></p><p><b><br /></b></p><p>Notice I didn't say "completed" listings. You don't care about completed listings, you only want to see what people laid cold hard cash down for, so focus on "sold listings".</p><p><br /></p><p>Browse to <a href="http://www.ebay.com" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.ebay.com" rel="nofollow">www.ebay.com</a> and type in your item of interest. For our example, we will use a 1880 Morgan Dollar graded MS64 by PCGS or NGC. Type this in the search box:</p><p><br /></p><p><b>(ngc,pcgs) 1880-S Morgan MS64</b></p><p><b><br /></b></p><p>Click SEARCH, and current listing will pop up. Then click the filter on the left hand side called "<b>Sold Listings</b>".</p><p><br /></p><p>[ATTACH=full]351251[/ATTACH]</p><p><br /></p><p>You will now see a lot of GREEN font, this is the price the item sold for:</p><p><br /></p><p>Sort the items by <b>"Price + Shipping Lowest First". </b>Ignore the really low-ball examples, if any, and find the <i>average </i>price. Now depending on who you are, the term average may mean different things. You could use <b><i>Mean, Median, Mode, or Range, </i></b>or even some combo of them to determine a sensitive average or range of prices.</p><p><br /></p><p>[ATTACH=full]351252[/ATTACH]</p><p><br /></p><p><font size="6"><a href="http://www.ebay.com/sch/i.html?_odkw=%28ngc%2Cpcgs%29+1880+Morgan+MS64&_sop=15&LH_Sold=1&_osacat=0&_from=R40&LH_Complete=1&_from=R40&_trksid=p2045573.m570.l1313.TR0.TRC0.H0.X%28ngc%2Cpcgs%29+1880-S+Morgan+MS64&_nkw=%28ngc%2Cpcgs%29+1880-S+Morgan+MS64&_sacat=0" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.ebay.com/sch/i.html?_odkw=%28ngc%2Cpcgs%29+1880+Morgan+MS64&_sop=15&LH_Sold=1&_osacat=0&_from=R40&LH_Complete=1&_from=R40&_trksid=p2045573.m570.l1313.TR0.TRC0.H0.X%28ngc%2Cpcgs%29+1880-S+Morgan+MS64&_nkw=%28ngc%2Cpcgs%29+1880-S+Morgan+MS64&_sacat=0" rel="nofollow">click here to see live example</a></font></p><p><br /></p><p>Based on this search, a reasonable price for an MS64 1880 Morgan would be $60-70$ as of this posting date.</p><p><br /></p><p>Now, lets say you wanted another independent verification of completed auction prices:</p><p><br /></p><p><b>Method Two: Heritage Auction Realized Prices</b></p><p><b><br /></b></p><p>Heritage Auctions (HA) has been around for a long time, and they auction a massive number of coins each year, year after year. They offer free auction archives simply by registering for a FREE account.</p><p><br /></p><p>browse to <a href="http://www.ha.com" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.ha.com" rel="nofollow">www.ha.com</a> and sign-up or sign-in.</p><p><br /></p><p>Next, choose BROWSE <b>ALL COINS: </b>Leave search box empty and click the large blue search button and you will see something like this:</p><p><br /></p><p>[ATTACH=full]351257[/ATTACH]</p><p><br /></p><p><br /></p><p><br /></p><p>Click the "PAST AUCTION ARCHIVE" tab, or <a href="http://coins.ha.com/c/search-results.zx?N=51+790+231&chkNotSold=0" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://coins.ha.com/c/search-results.zx?N=51+790+231&chkNotSold=0" rel="nofollow">click my link here</a>. You should now be looking at over 1.7 MILLION previous auction records.</p><p><br /></p><p>Now, you can use HA great filters running down the left side, or specify search terms, or a combo of both. Since we are looking for confirmation of that 1880-S Morgan, try filtering first:</p><p><br /></p><p>Specify:</p><ul> <li>US coins</li> <li>Silver Dollars > Morgan Dollars</li> <li>Grade > MS64</li> <li>Year > 1880</li> <li>Mint Mark > S</li> <li>Grading Service > PCGS & NGC</li> </ul><p><br /></p><p>Keep the search box empty for now. You should see around 1,500 examples of this coin. Now, I would sort the list by "<b>Most Recent Sales</b>". Eyeball the list, does it seem to match what eBay told us?</p><p><br /></p><p>[ATTACH=full]351262[/ATTACH]</p><p><br /></p><p>But, there is a problem, we are seeing Proof-Like (PL) and maybe even Deep-Mirror_Proof-Like (DMPL) coins. Let's filter those out.</p><p><br /></p><p>We need to put something in the search as an INCLUSION before we specify an EXCLUSION. so, lets say "<b>1880-s NOT prooflike NOT deep</b>" Click SEARCH.</p><p><br /></p><p>Now, as you can see, we are getting some fancy version of this coin, coins with CAC stickers, premium toning, or special holders from GSA and Redfield hoards.</p><p><br /></p><p>We <u>don't</u> want to simply sort by "Lowest Price", as HA auctions go back way too many years and we will skew the result. We want to eyeball the average looking coins which match up with the inventory we saw on ebay. Should be around 900 coins.</p><p><br /></p><p><a href="http://coins.ha.com/c/search-results.zx?N=51+790+231+382+4294967141+1589+72+4294967152+4294967160&chkNotSold=0&Ntk=SI_Titles&Nty=1&Ntx=mode+matchboolean&D=1880-s+NOT+prooflike+NOT+deep&Ntt=1880-s+NOT+prooflike+NOT+deep" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://coins.ha.com/c/search-results.zx?N=51+790+231+382+4294967141+1589+72+4294967152+4294967160&chkNotSold=0&Ntk=SI_Titles&Nty=1&Ntx=mode+matchboolean&D=1880-s+NOT+prooflike+NOT+deep&Ntt=1880-s+NOT+prooflike+NOT+deep" rel="nofollow"><b>Click here to see live example</b></a></p><p><br /></p><p><br /></p><p>Watch out for multi-coin lots, like (20) coins. Watch out for old holders, like the PCGS Doily that adds a lot of value. And keep coin examples from only the past 24 months or so.</p><p><br /></p><p>So, here are some keepers:</p><p><br /></p><p>[ATTACH=full]351263[/ATTACH]</p><p><br /></p><p><br /></p><p>And there are many more. By scrolling down, I can see a normal range of prices from $60-$80, just about what we saw on eBay for a generic example.</p><p><br /></p><p><font size="6">So, there you have it, two fast, easy, free methods to check prices on a given coin.</font>[/QUOTE]</p><p><br /></p>
[QUOTE="geekpryde, post: 1975593, member: 36248"][B]Part 4: Price Guides and other of that Ilk [/B] There has already been much said about which price guide, or combo of prices guides to use when determining a reasonable price for a generic coin. Now, keep in mind that varieties, toning premium, quality of strike, net-grading due to problems, and various other things can greatly increase or decrease the prices of a specific coin. But if you simply wanted to know what the "going rate" is for a average common Morgan Silver dollar, with nothing special about it (either in the positive or negative sense) where would a person look? Well, if you are an advanced collector you probably already have you preferred methods of determining a ball-park price. But if you are a newbie, there may be confusion as to where to even begin. My recommendation would be to avoid "grey-sheet" & "blue-sheet", if you have heard those terms tossed around. I would instead focus on two very simply and FREE methods of checking previous auction and previous Buy-it-Now sold listings. [B]Method One: eBay Sold Listings [/B] Notice I didn't say "completed" listings. You don't care about completed listings, you only want to see what people laid cold hard cash down for, so focus on "sold listings". Browse to [URL='http://www.ebay.com']www.ebay.com[/URL] and type in your item of interest. For our example, we will use a 1880 Morgan Dollar graded MS64 by PCGS or NGC. Type this in the search box: [B](ngc,pcgs) 1880-S Morgan MS64 [/B] Click SEARCH, and current listing will pop up. Then click the filter on the left hand side called "[B]Sold Listings[/B]". [ATTACH=full]351251[/ATTACH] You will now see a lot of GREEN font, this is the price the item sold for: Sort the items by [B]"Price + Shipping Lowest First". [/B]Ignore the really low-ball examples, if any, and find the [I]average [/I]price. Now depending on who you are, the term average may mean different things. You could use [B][I]Mean, Median, Mode, or Range, [/I][/B]or even some combo of them to determine a sensitive average or range of prices. [ATTACH=full]351252[/ATTACH] [SIZE=6][URL='http://www.ebay.com/sch/i.html?_odkw=%28ngc%2Cpcgs%29+1880+Morgan+MS64&_sop=15&LH_Sold=1&_osacat=0&_from=R40&LH_Complete=1&_from=R40&_trksid=p2045573.m570.l1313.TR0.TRC0.H0.X%28ngc%2Cpcgs%29+1880-S+Morgan+MS64&_nkw=%28ngc%2Cpcgs%29+1880-S+Morgan+MS64&_sacat=0']click here to see live example[/URL][/SIZE] Based on this search, a reasonable price for an MS64 1880 Morgan would be $60-70$ as of this posting date. Now, lets say you wanted another independent verification of completed auction prices: [B]Method Two: Heritage Auction Realized Prices [/B] Heritage Auctions (HA) has been around for a long time, and they auction a massive number of coins each year, year after year. They offer free auction archives simply by registering for a FREE account. browse to [URL='http://www.ha.com']www.ha.com[/URL] and sign-up or sign-in. Next, choose BROWSE [B]ALL COINS: [/B]Leave search box empty and click the large blue search button and you will see something like this: [ATTACH=full]351257[/ATTACH] Click the "PAST AUCTION ARCHIVE" tab, or [URL='http://coins.ha.com/c/search-results.zx?N=51+790+231&chkNotSold=0']click my link here[/URL]. You should now be looking at over 1.7 MILLION previous auction records. Now, you can use HA great filters running down the left side, or specify search terms, or a combo of both. Since we are looking for confirmation of that 1880-S Morgan, try filtering first: Specify: [LIST] [*]US coins [*]Silver Dollars > Morgan Dollars [*]Grade > MS64 [*]Year > 1880 [*]Mint Mark > S [*]Grading Service > PCGS & NGC [/LIST] Keep the search box empty for now. You should see around 1,500 examples of this coin. Now, I would sort the list by "[B]Most Recent Sales[/B]". Eyeball the list, does it seem to match what eBay told us? [ATTACH=full]351262[/ATTACH] But, there is a problem, we are seeing Proof-Like (PL) and maybe even Deep-Mirror_Proof-Like (DMPL) coins. Let's filter those out. We need to put something in the search as an INCLUSION before we specify an EXCLUSION. so, lets say "[B]1880-s NOT prooflike NOT deep[/B]" Click SEARCH. Now, as you can see, we are getting some fancy version of this coin, coins with CAC stickers, premium toning, or special holders from GSA and Redfield hoards. We [U]don't[/U] want to simply sort by "Lowest Price", as HA auctions go back way too many years and we will skew the result. We want to eyeball the average looking coins which match up with the inventory we saw on ebay. Should be around 900 coins. [URL='http://coins.ha.com/c/search-results.zx?N=51+790+231+382+4294967141+1589+72+4294967152+4294967160&chkNotSold=0&Ntk=SI_Titles&Nty=1&Ntx=mode+matchboolean&D=1880-s+NOT+prooflike+NOT+deep&Ntt=1880-s+NOT+prooflike+NOT+deep'][B]Click here to see live example[/B][/URL] Watch out for multi-coin lots, like (20) coins. Watch out for old holders, like the PCGS Doily that adds a lot of value. And keep coin examples from only the past 24 months or so. So, here are some keepers: [ATTACH=full]351263[/ATTACH] And there are many more. By scrolling down, I can see a normal range of prices from $60-$80, just about what we saw on eBay for a generic example. [SIZE=6]So, there you have it, two fast, easy, free methods to check prices on a given coin.[/SIZE][/QUOTE]
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