What is this 5 Cent piece ?

Discussion in 'US Coins Forum' started by BarneyFife, Oct 31, 2006.

  1. BarneyFife

    BarneyFife New Member

    I am wanting the PCGS number to be sure of exactly what coin I have, not for the price shown on their price guide. I am not very good at identifying coins and the PCGS number will give me a clear reference point, similar to the sheldon? number for coppers.

    I was able to quickly identify all of the PCGS graded coins because of the number they assigned each one. I see no such number on the NGC graded coins, thus my confusion on the 5 cent piece above. The PCGS number sure seems like a good way to classify them.

    Another example: An NGC graded 1872 Gold 1$ MS62. I don't know how to tell if this is the coin that PCGS labels as 7572 or if it is there 7622 coin. There is a rather large difference in price between these two variations no matter where you look for a value. As much as $4000 at 'retail' for an MS62.

    If that is flawed thinking, please let me know a better way for a non coin collector type, to identify each coin quickly.
     
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  3. Speedy

    Speedy Researching Coins Supporter

    Well I can't get into PCGS's guide because I don't pay for it---but from what you posted it would be the 3760
    and I really wouldn't think that would be a good way to go about finding out what coin you have---that is just a made up number---a Sheldon number is much more used....
    The coin you have is a 1889 V Nickel---in a NGC slab graded PF---that is what you have ;)

    More than likely the 81 is the number for the coins with CAM---since yours is graded just PF64 that doesn't mean anything to you...
    So what you have here is an 1883 V Nickel WITH CETNS graded by PCGS PF64.

    Speedy
     
  4. GDJMSP

    GDJMSP Numismatist Moderator


    Barney -

    The reason you are getting confused is this - PCGS assigns a number to every coin they grade. That number is unique to PCGS and only PCGS uses those numbers - none of the other slabbing companies do so. The differences are very simple, you just have to have a basic understanding of the coins and the way that PCGS grades coins.

    For example - the coin you posted a pic of in post #9 of this thread, the 1889 graded PF66 by NGC - the PCGS number for that coin is 3887. Now, if your coin had been graded as PF66 CAM, then the coin would have a different PCGS number - 83887. The only difference is the CAM designation. Both coins are Proofs, but coin number 3887 is graded as PF66. Coin number 83997 would be graded as PF66 CAM.

    You see, there are basically 2 types of coins - business strikes and Proofs. If your coin was a business strike it would be graded MS66 instead of PF66. And it would have a different PCGS number, it would be 3850 then.

    But you need to realize something. Apparently you are trying to use the PCGS price guide in order to determine how much your coins are worth. This is not a good idea. The prices listed in the PCGS price guide are most often way too high - they are not accurate values. If you want accurate values, then look your coins up on Heritage in the auction archives. Again an example - the PCGS price guide for the 1889 nickel in PF66 says it is worth $1000. But if you check recent auction records on Heritage you will find the coin sells for around $750 - not $1000.
     
  5. BarneyFife

    BarneyFife New Member

    Actually, I am not using the PCGS guide to try to determine current market value, just to determine exactly what coin I have. I realize that the PCGS price does not represent true market value, but with their numbering system, it at least gives some kind of a clear identification that perhaps one coin of a particular grading is worth more than a different example that is givent that exact same grading number.

    I do understand the differences in the 5 cent piece above, but I am still confused on this one. It is an 1872 Gold $1 MS62, if these two PCGS coin designations are the same thing an "1872 Gold $1 MS62", then why is there such a huge difference in value on their price guide, or is that totally artificial, and both coins are really worth exactly the same? ( PCGS #7572 and #7622)

    Anyway....

    I did go over to the Heritage site and found that a very informative place both for determining what coins I have and their 'real world' value. I have shown some these coins to several large, well known dealers and the prices offered for them cover such a HUGE span that I am very nervous about selling some of the high dollar coins. One long time coin dealer offered me $2500 for a 1796 large cent, and another dealer who has also been around a long time told me it was worth $17,000 - $35,000 depending on how badly the buyer wanted it and whether similar coins were also being offered anywhere at that time. Both dealers said they would buy at 75% to maybe 85% of those numbers depending on what their regular customers were looking for. With a gap like that, correct coin identification sure seems important to me.

    Sorry I am so dense. I do appreciate your patience with me.
     
  6. BarneyFife

    BarneyFife New Member

    Forgot to attach the images of the $1 gold.

    So, would this be PCGS's 7572 or 7622, or is there no difference between these two coin designations and they are simply both just "1872 Gold $1 MS62" coins? There must be something that differentiates these two coins to justify the large (ableit not real world) price difference.
     

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