Wheat And Memorial Cent Values

[CoinHELP]

I am not trying to spam this forum, but would like some feed back on my Cent values. I took special care in researching and compiling these price guide and would like to know how accurate you think they are or what should be changed or added.

In completeting these guides my goal was to offer collectors the most accurate and average guide from ebay, Heritage and other online auctions, plus average values from all major publications. I would appreciate and comments. Thanks.

http://coinauctionshelp.com/LincolnWheat_Memorial_SmallCent_Mintages_PriceGuide.html

http://coinauctionshelp.com/lincolnmemorial_values.html

[jallengomez]

That's quite a lot of work you've put in there, and it's a nice site. Just my opinion, so take it as nothing more, but I'm not sure what good an average would do anyone. For instance, if you averaged what a PCGS and ICG 1956-D MS67 RD sold for, I wouldn't pay anywhere near the average for the ICG coin, but I'd pay more than the average for the PCGS. There are such disparities in what the market is willing to pay for a PCGS top-pop vs. the same grade in an ICG holder, that I don't know how averaging those two prices, or 4 prices as it might be, will benefit collectors. Ultimately it's going to boil down to the closed auction history of the name on the holder.

[seal006]

I think all of this is good and fine. Your prices are average. High on some, and then low on some. How often do you plan on updating this? How do you forsee the update process happening? With all of the pricing resources available online, do you still feel the need to have one on your site? I ask all of these questions not to discourage you. I too had aspirations of having a "price guide" on my website. I then had people ask me these very questions. I started asking these questions to myself. I think in the long run I made the right choice in not trying to build and maintain one.

[Scott99]

I think it's great. However, on the 1917 DDO on the first link, MS65 is $24,150 and MS66 is $6900. Is that accurate that the MS65 is more valuable than the MS66?

Thanks for the time you spent on that, I'll be bookmarking it.

[CoinHELP]

I think it's great. However, on the 1917 DDO on the first link, MS65 is $24,150 and MS66 is $6900. Is that accurate that the MS65 is more valuable than the MS66?

Thanks for the time you spent on that, I'll be bookmarking it.

It supposed to be $69,000 and I corrected my error. Thanks for pointing it out.

[Scott99]

Not a problem!

[CoinHELP]

I think all of this is good and fine. Your prices are average. High on some, and then low on some. How often do you plan on updating this? How do you forsee the update process happening? With all of the pricing resources available online, do you still feel the need to have one on your site? I ask all of these questions not to discourage you. I too had aspirations of having a "price guide" on my website. I then had people ask me these very questions. I started asking these questions to myself. I think in the long run I made the right choice in not trying to build and maintain one.

I ran into the same road-blocks but it all comes down to considering every Lincoln Cent collector. No way can a price guide reflect the valuse for all grading companies and include raw coin values as well. So, knowing it's a just a guideline for collectors, I proceeded to create price guides that can be used as a guideline only and and present an average value.

We all know that values is between the dealer and the collector, raw or graded, it's a fine line when it comes to what a coin is worth. I think most popular price guides are just as inaccurate as the next, but it gives us an idea.

I plan on updating these values each year since choice and most desirable grade coins don't come on the market as often as low grade coins. Collectors are always buying coins and most don't buy graded or rare coins. In fact, most coins that are sold are raw. So, I want to offer values that refleect this as much as graded coin values.

[seal006]

While I understand all of that, I guess I am left still wondering. I wonder does this mean you will only update once a year like Redbook? If so, why bother? Even doing it only once a year is going to be very hard and time consuming. I think you will find yourself devoting too much time on this one aspect of your website that the rest of it will suffer, or you will not give the guide the full attention it needs and it will not be worth using by your visitors.

[Maineman750]

I proceeded to create price guides that can be used as a guideline only

I think that is the key...nice job Daniel

[amosamos16]

Very nice! Lots of hard work. It's a nice rough guide as you stated. Well done.

[BadThad]

Far too much work, nice try though. You really can't just average stuff like that, it doesn't really help other than a ballpark figure and we already have that with Red Book. I just use CDN and then dig deeper when needed.

[CoinHELP]

In reality we only have coin values for the, I "guesstimate", 30% of the coins sold on the market. What I mean by that is we or no other company can track ALL coin sells. What a certain date, mint, grade and denomination sells for is one value, when you have a pool of several sells of this same, then you can come up with a close over-all value for that coin and grade. However, there's always choice coins that stand out and sell for the most, but what about the rest? You can't let a couple choice coin sells determine the value for that particular coin and grade.

Think about it, we have values for PCGS graded coins, then NGC, then ANACS, then ICG and then raw coins. Plus, we have the CDN which even collectors are using more and more. Coin values are all about averages since all coins don't sell for the same value.

The value of a coin is what a collector is willing to pay for it, and no one can know what every coin sells for from all over the world. Of course, we're not talking extreme rarities like the 1804 Dollar or 1913 Nickel.

I am talking about all the common date coins that sell in the thousands to tens of thousands each year. No one, not even Coin World, has access to all coin sells. I mean no disrespect but I think it's fool-hardy to think that one particular price guide is the Bible on coin values.

Look at it like this, out of all the millions of coin collectors there's more that don't go to the major coin shows, auctions and the largest dealers then collectors that do. I just don't agree that the top dealer's sells should determine the over-all values of coins.

I do a copious amount of research on coin values, and spend hours looking over coin sells, ads or any where I can find coin values. And I can tell you that most coin values are more fluid then some want to admit.

[seal006]

I commend you on your efforts. The only reasons for my thought in this thread is because I LIKE YOUR WEBSITE..A LOT. I just do not want this particular area to become a huge burden or distraction, that will ultimately take time away from making the site as a whole better. I wish I had that kind of time.

[flyhi3]

Wow, Awesome job! Lots of work, WTG and thanks!

Alex

[digitect]

Great effort! I think you could focus on the key dates and varieties that LCR tends to promote and ignore the rest to save your effort since other sites (like the Numismedia tables) manage them already.