Wool over eyes... NGC Coin Price Guide $20 ...?

Just wanted to check if I'm missing something. Why is this 2010 D worth $20, while its P counterpart is only valued at $12? Aren't these all selling for $3 - $6 anyways?

http://www.ngccoin.com/certlookup/index.aspx?CertNumber=1216832-189

http://www.ngccoin.com/certlookup/index.aspx?CertNumber=3399178-200

They were both bought cheap and I'm looking to give one away to a friend. I'm leaning towards giving away the 2010 D, but not sure if I'm missing something that has it valued at $20 vs. $12.

 

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Best (and only) Guess:
The extra money is for the cost of the slab.

 

Yes, but they are both in a slab and one is seen by NGC as $12, the other as $20. What gives? The population report is in favour of the $12 cent.

 

I can't account for the discrepancy in the "value" that NGC ascribes to the coins, but I can account for the fact that the "value" is much higher than going market rates.

When I had a PCGS registry set, I noticed that their values for particular coins were much higher than actual trading prices on the market. I eventually realized it was a marketing ploy. If you pay less than the slabber's estimated value of a coin, you feel like you've gotten a deal. Then you can plug it into your set and the registry tells you that your collection is "worth" x-amount, but you paid much less for it! Yay you! Aren't you a savvy collector? Go buy another coin, you're on a roll!

I suspect NGC engages in the same tactics.

 

Wouldn't it be a fun job to sit around and make up coin values?

 

This has been said before by numerous people. Not just myself.

It is not NGC who places these values on the coins. The price guide is provided by Numismedia. So, if you want to ask for the reasoning behind certain prices, you should be asking, "Why does Numismedia............?"

PCGS, on the other hand, produces their own price guide to satisfy the Kool-Aid drinkers.

Chris

 

Numismedia got into bed with NGC in 2005, which greatly increased their exposure. Does anyone believe Numismedia isn't working for NGC? I think of them basically as a department of NGC.

 

It's pretty much any 2010 P vs. 2010 D that does this. That's a 40% premium for the letter D. Mintages are P - 1,963,630,000 D - 2,407,200,000. Nothing here makes sense.

You can pick any set of auctions...

http://www.ngccoin.com/certlookup/index.aspx?CertNumber=3376565-091

http://www.ngccoin.com/certlookup/index.aspx?CertNumber=3400099-011

 

I don't!

Chris

 

Drives up those realized prices quite a bit.

 

It doesn't matter what NGC or Numismedia says the coins are worth, what matters is what they actually sell for. In this case the $3 to $6 range.

 

While 99.9999% of the time this is true, some times PCGS price guide is lower than greysheet. PCGS lists the 1878 CC in MS62+ @ $305, greysheet bid/ask in MS60 is $370/$400. PCGS also lists a 1884 P in MS65 @ $260, greysheet bid/ask is $315/$340. Most of the time the TPGs are off, but some times it is not satisfying for the Kool-Aid drinkers.

 

I think the P mints are usually worth more than the D, or is it the other way around. Something to do with quality??

 

They're emulating the PCGS price guide, I suppose.

 

Doesn't really matter what NGC's price guide says for a 2010 Lincoln Cent in MS65RD (whether P or D). You can have a whole roll of either uncirculated for $5.

 

I insist on spending $12 - $20 per Lincoln Cent. It's the theme of my penny collection. I just want to know what the extra 40% is for.

 

12 + 8 = 20.

8 more than 12 is (8/12) = 66.7% extra.

However, $12 is 40% less than $20.

 

I'm so glad you added nothing of import to this thread, as usual.