Value Guides How much are my coins worth?. Grading vs. Value Grading is really a shorthand method of...
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Value Guides
How much are my coins worth?
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Grading vs. Value
• Grading is really a shorthand method of valuation
• Coins and currency in better condition are almost always worth more
• Dr. William Sheldon in Penny Whimsy attempted to make equal increments in value 1-70.
• A coin that rated a 12 would be 6 times more valuable than that of a coin rating a 2
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This Didn’t Work
• True collectors, around the turn of the century, had no reference material except old auction catalogues and the prices someone was willing to pay (prices realized)
• In the early 1900, buy and sell price guides were available– J.W. Scott– B. Max Mehl
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Today we have….
• RED Book• Blue Book• Black Book• Grey Sheet• Green Sheet• Blue Sheet• Trends• Krauss• These are the old standards, but what is new?
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On-Line Price Guides and Prices Realized
• The coin market is very volatile and with an old price guide, you may miss maximization of your profits.
• Some Coin and Currency values have doubled to tripled in the past 3 to 5 years.
• Methods of getting these values:– Heritage Rare Coin – PCGS– Numismedia– Teletrade– EBAY ….
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If you don’t have a computer, your local library will have
internet access.www.PCGS.com
www.Heritagecoin.com
www.teletrade.com
www.numismedia.com
www.ebay.com
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The value tools are many
• Don’t forget to buy the book before you “ SELL THE COIN”
• A coin is worth what someone is willing to pay for it
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Don’t forget to have fun!