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Understanding pricing of coins I need help.
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<p>[QUOTE="PennyGuy, post: 687909, member: 17502"]Good question Kent, one that raises all sorts of issues. The Red Book and magazines will only report of selected grades, you cannot extrapolate the values of in-between grades easily.</p><p> </p><p>The best price reference points for me have been the Greysheet (Coin Dealer Newsletter), you can buy these one issue at a time on line at cdn.com. Do take notice of the fine print at the bottom of the first page of each issue.</p><p> </p><p>Other good resources are the auction web sites. You can join these for free, but you get access to the completed auction pricing. A few quick searches and you can get some valuable price references. eBay completed auctions can also be searched for free.</p><p> </p><p>With all that said, there are still more issues. Take any coin graded by a major Third Party Grader (TPG), there are differences in coins all graded the same grade by the same TPG, let along between TPG's. There really is a range, what a single price reference in a book or a web site won't tell you where that specific coin fits within that range. </p><p> </p><p>My message is research, research, and then research some more. When all is said and done you will still find someone willing to pay well above any historical price reference because they really WANT that one coin. But at least you'll be equipped to recognize that crazy bid, and not to be taken in by a unrealistilly high asking price.</p><p> </p><p>Good Luck[/QUOTE]</p><p><br /></p>
[QUOTE="PennyGuy, post: 687909, member: 17502"]Good question Kent, one that raises all sorts of issues. The Red Book and magazines will only report of selected grades, you cannot extrapolate the values of in-between grades easily. The best price reference points for me have been the Greysheet (Coin Dealer Newsletter), you can buy these one issue at a time on line at cdn.com. Do take notice of the fine print at the bottom of the first page of each issue. Other good resources are the auction web sites. You can join these for free, but you get access to the completed auction pricing. A few quick searches and you can get some valuable price references. eBay completed auctions can also be searched for free. With all that said, there are still more issues. Take any coin graded by a major Third Party Grader (TPG), there are differences in coins all graded the same grade by the same TPG, let along between TPG's. There really is a range, what a single price reference in a book or a web site won't tell you where that specific coin fits within that range. My message is research, research, and then research some more. When all is said and done you will still find someone willing to pay well above any historical price reference because they really WANT that one coin. But at least you'll be equipped to recognize that crazy bid, and not to be taken in by a unrealistilly high asking price. Good Luck[/QUOTE]
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Understanding pricing of coins I need help.
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