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#1
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PCGS price guide vs NN price guide
In the last week or so, I have noticed that the PCGS Coin Price Guide has
been showing a lot of listings with lower values than my Numismatic News Coin Market (monthly pull out from the magazine). It use to be that this was seldom, if ever, the case, but lately every item I have checked, PCGS has shown lower prices. I use to use PCGS as a guide only when the coin's grade was not listed in my retail guides or in greysheet. I use to have no respect for the PCGS price. I use to think the PCGS prices were inflated, sometimes tremendously inflated. Does anyone else think the PCGS prices are closer to the mainstream guides than they use to be? Bill |
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#2
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Bill Krummel wrote:
In the last week or so, I have noticed that the PCGS Coin Price Guide has been showing a lot of listings with lower values than my Numismatic News Coin Market (monthly pull out from the magazine). It use to be that this was seldom, if ever, the case, but lately every item I have checked, PCGS has shown lower prices. I use to use PCGS as a guide only when the coin's grade was not listed in my retail guides or in greysheet. I use to have no respect for the PCGS price. I use to think the PCGS prices were inflated, sometimes tremendously inflated. Does anyone else think the PCGS prices are closer to the mainstream guides than they use to be? Bill IYO did PCGS go down or the others go up? |
#3
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"David Ryan" wrote in message ... Bill Krummel wrote: In the last week or so, I have noticed that the PCGS Coin Price Guide has been showing a lot of listings with lower values than my Numismatic News Coin Market (monthly pull out from the magazine). It use to be that this was seldom, if ever, the case, but lately every item I have checked, PCGS has shown lower prices. I use to use PCGS as a guide only when the coin's grade was not listed in my retail guides or in greysheet. I use to have no respect for the PCGS price. I use to think the PCGS prices were inflated, sometimes tremendously inflated. Does anyone else think the PCGS prices are closer to the mainstream guides than they use to be? Bill IYO did PCGS go down or the others go up? IMO, PCGS came down, but that is opinion based on not much. I look at greysheet every week and NN once a month and don't notice any across the board dramatic increases, other than a select item here and there. I have been planning on graphing the last two years of greysheet in classic commemorative halfs, which I think have modestly increased, for the most part. That is opinion as well. Bill |
#4
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In article , David Ryan spoke thusly...
Bill Krummel wrote: In the last week or so, I have noticed that the PCGS Coin Price Guide has been showing a lot of listings with lower values than my Numismatic News Coin Market (monthly pull out from the magazine). It use to be that this was seldom, if ever, the case, but lately every item I have checked, PCGS has shown lower prices. I use to use PCGS as a guide only when the coin's grade was not listed in my retail guides or in greysheet. I use to have no respect for the PCGS price. I use to think the PCGS prices were inflated, sometimes tremendously inflated. Does anyone else think the PCGS prices are closer to the mainstream guides than they use to be? Bill IYO did PCGS go down or the others go up? Or Did PCGS stop updating their price list? -- Stu Miller, My 1999 Redbook is probably coming in line with the market pretty well these days... |
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Stu Miller asks:
Or Did PCGS stop updating their price list? I believe your evaluation is correct, Stu. They've been so swamped with submissions in the last few months that I don't think they have the staff to do updates. Gradings are way behind, crossovers are behind, Presidential reviews are hopelessly behind. I often pay CU prices or above dealer to dealer at shows! It should be remembered that CU prices are for PCGS certified coins, but many conveniently forget that (like AH) when they compare their price to Coin Universe pricing. That's why Coin Univ. prices were typically higher than Trends. They're behind in revisions now. PCGS coins, sight seen, typically bring well over raw or coins slabbed from other services. Of course, we as dealers have to pay more for them as well. Ira Stein |
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#7
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"Chrysta Wilson" wrote... How accurate would you say Trends is these days? I never really paid much attention before, but since I am a brand-new CW subscriber, I've started using online Trends. The prices seem high to me, but I am not exactly a market-maker when it comes to buying and selling, either. -- ~~~Chrysta~~~ ANA#R-206318 My Collection: http://www.geocities.com/chrystawilson/index.html The Truth About Eric Tillery: http://www.geocities.com/chrystawilson/aboutk6az.html Good move subscribing to CW, it's worth it. Their pricing accuracy varies by series. Sometimes they go a long time without updating a series and the numbers become outdated, only to adjust upwards radically in sudden fashion. Their numbers are more often high than low, but I think it tends to be more realistic overall than CU. Eric |
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"Eric Tillery" ... I don't know about other series Ira, but the gap between PCGS and NGC has all but evaporated when it comes to Morgans. And with the current abysmal state of the customer service at PCGS (75+ day turnaround) a lot of people including myself have switched our submissions over to NGC, so PCGS coins are starting to become scarce. I really prefer the PCGS holder over NGC's, but when it comes to getting the coins into holders to sell, I have no choice since I buy all my coins raw for the most part. I have been thinking for about the last year or so, that PCGS is just a little bit too strict.. like PCI USED to be.. just a little tho.. I also prefer NGC, and hope to re-submit some of my OLD PCI coins to NGC.. The ones I thought were undergraded, of course... ;o) Honestly, I tend to be pretty stiff on my grading.. at least thats what people that have won my ebay auctions have told me... only once was I given a different opinion, and it was a pretty worn early Large Cent.. ( Sam |
#10
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In article ,
says... You can say that again, Chrysta! I think the two West Virginia designs I saw flipping through Coin World last night are perhaps the worst yet, and that is saying A LOT. The Michigan coin still looks bad, but at least they are getting rid of the tiny clip art that was supposed to circle the reverse design. Eric I thought all the Michigan ones were bad too, but that clip art thing is the worst. State outlines and bridges. Don't any of them pay any attention to what the other states are doing/have done? These bridges may be magnificent in person, but on a quarter, they will all look the same, so what's the point? BTW, got a really nice barely marked Delaware in change today. That should upgrade the one in my folder. -- ~~~Chrysta~~~ ANA#R-206318 My Collection: http://www.geocities.com/chrystawilson/index.html The Truth About Eric Tillery: http://www.geocities.com/chrystawilson/aboutk6az.html |
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