Wheat And Memorial Cent Values

[CoinHELP]

I appreciate all the feedback. I am flattered and surprised by those who didn't want the guides to take away from my website and improvements thereof. It does take time but I allocate time for each part of my website.

I always running into time issues, bugs and can't always update my forum to one as nice as this one. I crudely know and self taught myself how to design, publish, code, etc. for my website.

I am grateful to have a place to post for honest and to the point comments. So thanks!

[CoinHELP]

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.

I do agree with this, the varieties and key dates are what people desire the most and that's why I started coinancials.com I am always busy make partnerships and trying to make the most of my website.

I actually want the info I post and write to be helpful. If it's not then I am waisting my time. I think these values will give many people a good idea of their coins values. It's free and based on several other price guides and auction final value prices.

[copperlover]

A very good effort. Great comments on both sides.

Lucien

[jallengomez]

I'm still not getting it. Are we talking raw values? I.e., when a buyer and seller both agree that a raw coin is 67, etc? Whether you agree with it or not, the values of the various TPG services aren't that fluid, but they are extremely disparate between services, and averaging them is like trying to average the price of dissimilar coins, and agreeing upon an "average" value for a "coin" from a given year. You list a 1957 MS67 RD at $175.00. Someone who held a PCGS 67RD would(justifiably) laugh in your face for offering even double that amount for their coin. I'll make a deal with you right now. I'll buy every PCGS 1957 MS67 RD slab you have for your listed price plus 100% margin.

[CoinHELP]

I'm still not getting it. Are we talking raw values? I.e., when a buyer and seller both agree that a raw coin is 67, etc? Whether you agree with it or not, the values of the various TPG services aren't that fluid, but they are extremely disparate between services, and averaging them is like trying to average the price of dissimilar coins, and agreeing upon an "average" value for a "coin" from a given year. You list a 1957 MS67 RD at $175.00. Someone who held a PCGS 67RD would(justifiably) laugh in your face for offering even double that amount for their coin. I'll make a deal with you right now. I'll buy every PCGS 1957 MS67 RD slab you have for your listed price plus 100% margin.

What you're failing to think about is try selling a 1957 that's ungraded, but you know it's MS67 RD, or the same in an NGC or other holder for $6,750. That's a PCGS value and PCGS does not determine the value of coins for all coin collectors.

PCGS has become a pedigree label. It's not fair to raw coin, NGC, ANACS, etc. coin collectors to throw a PCGS value in their face unless the coin is in a PCGS holder. I make no claims that my values are for PCGS graded coins. Even Coin World has the 1957 MS67 R listed in a lower value.

In addition, here's some more values for the other than PCGS 1957 MS67 RD Cents http://coins.ha.com/common/search_re...28+75&Ntt=1957

My values are most realistic for want of a better explanation, but they're average from auctions sells and other price guide values, IF needed.

Back to PCGS. PCGS reports values from their dealer's and network sales and the most wealthy coin collectors pay dearly for these coins. PCGS is a seperate world from the rest of Numismatics, a part of it, but not when it comes to these high end, low pop rarities that they create and manipulate.

Funny how all the reports on modern coin values dipping, and PCGS begin another most conservative era in their grading. And this from the mouths of several PCGS dealers at a coin show.

[jallengomez]

That's what I was wondering, if you were shooting for raw values. I wasn't sure how the averaging of the TPG's was factoring into that, so thanks for clarifying that.

[liveandievarieties]

Hi Daniel, I commend you for your contributions to the hobby and your dedication in the price guide, but I personally feel some of it will prove fruitless.

What it seems would be most beneficial to your site is general pricing for circulated coins, anyone who has an MS67RD 1920-D is going to know quite well what it's worth. Furthermore, in this day and age, a coin isn't an MS67 unless it's sheathed in plastic, no raw coin will garner those prices, so averages are really pointless (I assume you're not trying to emulate the bluesheet).

If I were in your shoes, I'd concentrate my pricelist on coins in grades that most collectors referencing your site encounter. For example, wheat cents up to 1929 in grades through AU. Someone putting together an early BU set already has their choice of price guides decided.

For later wheat years, you may consider Unc Brown, Unc RB and Unc Red. Grading, while ultimately subjective, is indeed finite. Most collectors don't have the experience to grade numerically and offering precise grades and values leads to broad assumptions and unrealistic expectations.

Your site is fabulous and I couldn't put together something even remotely comparable. My one area of expertise as a coin dealer is values. I know enough to know that a coin is worth precisely as much as someone is willing to pay for it. Sometimes I'll sell a coin for 40% less than I was willing to take the month before, either because I want to help the collector, or I can use the revenue, or values have drastically dropped, or any number of other reasons. Finite values are unrealistic- the redbook is completely obsolete, Greysheet is basic (wisely doesn't go above MS65) and most other guides are inflated for self-serving reasons, either to bolster their own certified values or to assist their advertisers.

PCGS indeed has it's own agenda. When it comes to getting accurate grading on high grade coins, you have to either be a big dealer or spend rediculous sums of money with them.

There's no harm in attempting to provide a guide, but I feel that if you want it used and respected by collectors, it has to apply to them.

[CoinHELP]

Hi Daniel, I commend you for your contributions to the hobby and your dedication in the price guide, but I personally feel some of it will prove fruitless.

What it seems would be most beneficial to your site is general pricing for circulated coins, anyone who has an MS67RD 1920-D is going to know quite well what it's worth. Furthermore, in this day and age, a coin isn't an MS67 unless it's sheathed in plastic, no raw coin will garner those prices, so averages are really pointless (I assume you're not trying to emulate the bluesheet).

If I were in your shoes, I'd concentrate my pricelist on coins in grades that most collectors referencing your site encounter. For example, wheat cents up to 1929 in grades through AU. Someone putting together an early BU set already has their choice of price guides decided.

For later wheat years, you may consider Unc Brown, Unc RB and Unc Red. Grading, while ultimately subjective, is indeed finite. Most collectors don't have the experience to grade numerically and offering precise grades and values leads to broad assumptions and unrealistic expectations.

Your site is fabulous and I couldn't put together something even remotely comparable. My one area of expertise as a coin dealer is values. I know enough to know that a coin is worth precisely as much as someone is willing to pay for it. Sometimes I'll sell a coin for 40% less than I was willing to take the month before, either because I want to help the collector, or I can use the revenue, or values have drastically dropped, or any number of other reasons. Finite values are unrealistic- the redbook is completely obsolete, Greysheet is basic (wisely doesn't go above MS65) and most other guides are inflated for self-serving reasons, either to bolster their own certified values or to assist their advertisers.

PCGS indeed has it's own agenda. When it comes to getting accurate grading on high grade coins, you have to either be a big dealer or spend rediculous sums of money with them.

There's no harm in attempting to provide a guide, but I feel that if you want it used and respected by collectors, it has to apply to them.

You make a lot of sense and very well put! People who visit my site, for the most part, are not looking for high end values. The lower the grade the easier it is to determine the value, and the more accurate. So going above MS65 for common dates, and staying in the AU or less for rare dates, just might be the best way to keep the values.

Thanks for your post. I can tell you speak from a lot of experience. Now I understand what others were trying to tell me.

I can be slow to catch on sometimes

[CoinHELP]

That's what I was wondering, if you were shooting for raw values. I wasn't sure how the averaging of the TPG's was factoring into that, so thanks for clarifying that.

Yeah, agreed, no way to average TPG values. All have their own.