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

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Who's dishing? Had I not pointed out the mathematical fallacy, you certainly would have. Pot, kettle, black...something like that comes to mind.

Cheers.

 

You guys are great, keep it up. One of you should throw in something about not making this as easy as fishing, because you really don't need to take part in sidetracking conversations to no real point.

I figured, since the thread focuses on the price difference between $12 and $20, the 60+% math would really confuse the issue. After all, is the price difference between the two not 40%? Sorry if it's not, I'm no "rithmetician".

12 (60%) + 8 (40%) = 20 (100%)

 

My wife checks the price of our house daily and I have to listen to an endless stream of "Why do they have the house priced at...while the other house is priced at..." yadda yadda. Maybe Zillow sets coin prices too.

 

When you use the term "extra 40%" that implies you are starting your calculation relative to the lower value. If $12 is your base price, then $20 is a 67% increase to that (8/12). And, in the case of these particular coins, I think starting at the lower value makes most sense, since both are prices that you would have a hard time getting in the open market for a coin minted by the hundreds of billions.

Anyway, it doesn't really matter -- the percentage difference of this magnitude is inconsequential for low valued items. A percentage difference really only makes sense when the value is enough for it to matter. Had the prices been listed at $1 and $3 would you be making a big deal about a 200% increased difference?

 

I agree 110%.

 

A coin is only worth what someone is willing to pay for it

 

Be sure to mention the PCGS Price Guide value of P=$5 and D= $7

MS66 takes a big jump of $175 and $350

 

Does that really make sense? It costs a lot more to live in Philly than Denver.

Chris

 

Well, no but then price differentials exists across the entire population of US Coins.

The problem with "today's" price guides, be they NGC or PCGS, is that top prices paid are ONLY reflected via coin dealer reports AND the occasional auction listing (Which usually reflect considerably lower prices). Once the prices reach a certain level, they simply do not come down for one of two reasons:

1. Dealers are no longer offering the subject coin (specifically aimed at CPG Varieties for Registry Sets) AND they have a vested interest with the displayed high price
2. Those that own the coins KNOW that there simply is no longer a market and as such, only offer them at BIN prices with Auction Listings never, ever being considered.

I have a 1976-S Kennedy Half DDO FS-101 which I traded another collector for in equivalent coins valued at $400. Price Guide Value was $400 at the time.

Today, due to higher grades being recorded in the population reports AND the limited number of folks that actually want such a coin, the Price Guide lists it at $350. I have it up on eBay as a $250 Buy it now/Best Offer.

Its been there for months with not one single offer.

Recently, I sold a quite scarce Eisenhower Dollar Doubled Die for a sizeable price. I reported the price to Jaime Hernandez (who manages the Price Guide) at PCGS and was told that he would not report the price because the coin was "A Minor Variety".

• Yes, its listed in the CPG and has an FS Number
• Yes, it is worth every nickel the buyer paid
• And yes, it is quite scarce AND quite dramatic. As a matter of fact, THE most dramatic of ANY Eisenhower Dollar
• No, I am not a PCGS Authorized Coin Dealer.

The price remained at $350 and recently was raised just a wee bit more. I do not know why since "NO SALES HAVE BEEN RECORDED IN ANY VENUE" other than my recent private sale. I have my suspicions but for now, they're mine.

In short, Price Guides often reflect values much higher than recent sales and folks are simply urged to do their homework before paying Price Guide Values and/or getting into bidding wars over short term interest coins. Authorized Dealers DO Exploit and at the very same time utilize the Price Guides.