I like the PCGS Price Guide because it is so darn easy to navigate. Plus I have found that (PCGS Price) x .8 is a pretty darn good rule of thumb for a market price based on recent auctions.
I had grown accustomed to looking at the PCGS value of a particular coin and the CAC value. The CAC price guide value was almost always higher, however, as of late, the PCGS prices have been higher. Is this just a lag in CAC updating it's guide, or something else. Opinions please.
It could be a lag in CAC pricing and/or it could be unrealistically high price guide values.
Or a combination of both. But if I had to bet, I'd bet on the PC-Guide coming down.
After seeing the last few auctions and the incredible prices they’re bringing , I think it’s going to be a serious challenge to keep up with any accuracy regarding pricing .
In the HA auction this past week , a 1927 Saint ms 67 sold for $21,600!!!! 😳😱
I have a handful should anyone want some at only $19,995.00 🤓🤣
Some seriously strong money brought in at Great Collections as well. Really strong numbers !
pardon the bunny trail but it goes towards what I’m saying about keeping up with pricing going forward …
After seeing the last few auctions and the incredible prices they’re bringing , I think it’s going to be a serious challenge to keep up with any accuracy regarding pricing .
In the HA auction this past week , a 1927 Saint ms 67 sold for $21,600!!!! 😳😱
I have a handful should anyone want some at only $19,995.00 🤓🤣
Some seriously strong money brought in at Great Collections as well. Really strong numbers !
pardon the bunny trail but it goes towards what I’m saying about keeping up with pricing going forward …
Bidding at GC was super aggressive this past Sunday. It was unbelievable. I picked up a nice one though.
I paid a full 50% over PCGS Price Guide for it and I had to snipe it in the last 8 seconds of the auction to get it, but I'm in love with this one guys.
I paid a full 50% over PCGS Price Guide for it and I had to snipe it in the last 8 seconds of the auction to get it, but I'm in love with this one guys.
After seeing the last few auctions and the incredible prices they’re bringing , I think it’s going to be a serious challenge to keep up with any accuracy regarding pricing .
In the HA auction this past week , a 1927 Saint ms 67 sold for $21,600!!!! 😳😱
I have a handful should anyone want some at only $19,995.00 🤓🤣
Some seriously strong money brought in at Great Collections as well. Really strong numbers !
pardon the bunny trail but it goes towards what I’m saying about keeping up with pricing going forward …
Bidding at GC was super aggressive this past Sunday. It was unbelievable. I picked up a nice one though.
Wow that really is a beauty !!! Wow 😮
I’ve always been a strong bidder when I want something and rarely did people challenge me after a certain point . But these days it’s a feeding frenzy . Some really big numbers being paid .
Is your Morgan CACed? Either way I curious what you ended up paying ??? $6700 to $7,000 it sounds like . Definitely a keeper ! Congratulations
I honestly think that if the auction hadn't ended, someone would have e outbid me. At 8 seconds on the clock l bid $7500 just to make sure I'd get it but $6700 ended up being the hammer price.
I honestly think that if the auction hadn't ended, someone would have e outbid me. At 8 seconds on the clock l bid $7500 just to make sure I'd get it but $6700 ended up being the hammer price.
Thanks. Yes Vince it is CAC and you're dead on. It was $6700 +BP and shipping. Just a few bucks under $7400 total.
John,
I think you did just fine . The guide prices usually reflect the “average”, however your Morgan is far from “average “. It really is an amazing specimen . I hope it brings you joy owning for many years to come . 👍🏻👍🏻🙏🏻🙏🏻
That’s going to be one of those coins that in 6 months to a few years , everyone is going to look back and wish they’d had gotten it !!! Especially when it becomes a 5 digit coin 😎😉
Thank you. That makes me feel better. I have been second guessing myself, thinking maybe I overpaid.
Don’t ! You did fine. I remember buying a few properties on Long Island years ago for $140k or so …. Several years later they were close to $250k and I passed on a couple thinking it was too high. Today they are close to $600k !!! Probably more now actually as that was last year I looked them up just for giggles . Same thing with AU at certain times.
Just think that others were bidding right with you up to with in a few hundred of where you won. You’ll grow into that in the next month or two no problem .
Enjoy the moment and enjoy the coin . If it drives you nuts , let me know what you’d been happy paying and I’ll add a couple of hundred and take it off your hands !! 😉🤓☺️
Dude you scored nicely on that Morgan !!
Edited to add: In January a 1925 Saint ms 67 sold for almost $31,000. He relisted and it sold on Sunday for over $39,000 4 months later . That’s what’s happening with the good stuff . You got good stuff !!
This is not a comment on JohnTCoin's coin, but just like in many other areas of the inflation wrecked economy, we are likely in a bubble period. If it worries you, then you aren't spending discretionary dollars.
This is not a comment on JohnTCoin's coin, but just like in many other areas of the inflation wrecked economy, we are likely in a bubble period. If it worries you, then you aren't spending discretionary dollars.
+1
you're so right about the way to manage your own risks and not to worry about the $s for any particular coin that you may want .. this is especially true for a hobby collector like myself that always has a budgeted amount that i will ever spend on a coin .. the $s are simply discretionary spending that is a small fraction of funds that are readily available in a checking account to pay the invoices at the time of the new purchases and within a few weeks, the balance is back to an established reserve point based on net income after taxes
i'm a relatively new hobby collector, so i really don't have any expectations for prices going down .. if the price of a coin is lower in the future, then i hope to have the opportunity to consider adding it to my collection .. i do realize that prices are breaking records and i keep looking .. although i wish i could find more coins that i want within my limited budget
I can comfortably afford about 8 coins like that a year, which is what I'm looking to do this year. My collecting tastes are constantly evolving. At first, I had the bug bad and just wanted coins, coins, coins. So I was buying a lot of $1k to $2k coins just to satisfy my appetite for new material. Now, I've decided to move into higher end coins and just get fewer of them.
Next, I want a really nice Seated Liberty Proof Cameo dollar or half dollar. I just realized how gorgeous they are. I'm gonna be patient (that's the hardest part for me), and get a really nice one. Possibly my first ever 5 figure coin purchase. That's about 2 to 3 months worth of disposable income for me but I know it'll be worth it to me in the end. Definitely will have to be CAC at that price point. I like to play the field a little trying to find great coins that haven't been beaned yet but not when I'm spending big.
Comments
Steve
Steve
In the HA auction this past week , a 1927 Saint ms 67 sold for $21,600!!!! 😳😱
I have a handful should anyone want some at only $19,995.00 🤓🤣
Some seriously strong money brought in at Great Collections as well. Really strong numbers !
pardon the bunny trail but it goes towards what I’m saying about keeping up with pricing going forward …
I’ve always been a strong bidder when I want something and rarely did people challenge me after a certain point . But these days it’s a feeding frenzy . Some really big numbers being paid .
I think you did just fine . The guide prices usually reflect the “average”, however your Morgan is far from “average “. It really is an amazing specimen . I hope it brings you joy owning for many years to come . 👍🏻👍🏻🙏🏻🙏🏻
you're so right about the way to manage your own risks and not to worry about the $s for any particular coin that you may want .. this is especially true for a hobby collector like myself that always has a budgeted amount that i will ever spend on a coin .. the $s are simply discretionary spending that is a small fraction of funds that are readily available in a checking account to pay the invoices at the time of the new purchases and within a few weeks, the balance is back to an established reserve point based on net income after taxes
i'm a relatively new hobby collector, so i really don't have any expectations for prices going down .. if the price of a coin is lower in the future, then i hope to have the opportunity to consider adding it to my collection .. i do realize that prices are breaking records and i keep looking .. although i wish i could find more coins that i want within my limited budget