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RE: Sparks and Slabs

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cookscoins-migration

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Collectors set the market....not the guides.

The only true value I have found for a coin is to put it up for auction and see what it goes for.

Case in point- a 1976-D Kennedy Half Dollar graded by NGC as MS-67. In NGC's lookup (numismedia)the coin was valued at $500. on ecoinprices it was $825. In "Coin Values" it was valued at just $45.00 !! Quite a range !

In reality, this coin cost me less than $20, and that INCLUDES the grading fees, so I put it up for auction at a low start ($49.99)and had No Reserve. If I "averaged" the values, it should have sold for somewhere in the neighborhood of $455.00, When all was said and done, my "$500.00" coin had sold for $189.00 not even 1/2 of the "averaged" value. I know I could have "held out" for a better price, but I was very curious what it would really go for, and still made some off the deal, plus a REALLLY pleased customer!

Therefore, if there is not a large enough market for a particular coin the values given by any particular source are irrelevant. With the FASTEST changing markets ever compared to previous eras, I don't see how Price guides can accuratly keep up.

The collectors set the market. If we think someone is charging to much for a coin, we won't buy it. And as we all know the old sayings are SO true...You get what you pay for, Buy the coin not the slab, and CAVEAT EMPTOR !!!!!!(let the buyer beware)

Thanks for listening

P.S.- There may be a hidden benefit to "worthless" slabbing companies, in that you can sometimes get what they will call an MS-70, and get it for a very reasonable (worthless)cost. Crack it out, and likely still get an MS-65 (at least)from NGC. On many coins this can still be profitable.

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