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Wool over eyes... NGC Coin Price Guide $20 ...?
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<p>[QUOTE="19Lyds, post: 1920092, member: 15929"]Well, no but then price differentials exists across the entire population of US Coins.</p><p><br /></p><p>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 <i>usually</i> reflect considerably lower prices). Once the prices reach a certain level, they simply do not come down for one of two reasons:</p><p><br /></p><p>1. Dealers are no longer offering the subject coin (specifically aimed at CPG Varieties for Registry Sets) AND they have a <i>vested</i> interest with the displayed high price</p><p>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.</p><p><br /></p><p>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.</p><p><br /></p><p>Today, due to higher grades being recorded in the population reports AND the limited number of folks that actually <i>want</i> such a coin, the Price Guide lists it at $350. I have it up on eBay as a $250 Buy it now/Best Offer.</p><p><br /></p><p>Its been there for months with not one single offer.</p><p><br /></p><p>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".</p><p><br /></p><ul> <li>Yes, its listed in the CPG and has an FS Number</li> <li>Yes, it is worth every nickel the buyer paid</li> <li>And yes, it is quite scarce AND quite dramatic. As a matter of fact, THE most dramatic of ANY Eisenhower Dollar</li> <li>No, I am not a PCGS Authorized Coin Dealer.</li> </ul><p><br /></p><p>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.</p><p><br /></p><p>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.[/QUOTE]</p><p><br /></p>
[QUOTE="19Lyds, post: 1920092, member: 15929"]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 [I]usually[/I] 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 [I]vested[/I] 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 [I]want[/I] 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". [LIST] [*]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. [/LIST] 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.[/QUOTE]
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Wool over eyes... NGC Coin Price Guide $20 ...?
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