does this mean that ICG graded coins bring the highest prices?

[royal]

from http://www.greysheet.com/ their "coin market indicator" shows:

 

PCGS: 83.73%

NGC: 84.82%

ANACS: 56.71%

ICG: 85.85%

PCI: 54.96%

SEGS: 53.58%

NCI: 32.74%

INS: 30.71%

 

their explanation of their indicator below:

 

CDN Certified Coin Market Indicator™:

 

Starting in 1988, the weekly Coin Dealer Newsletter (the Greysheet) has featured a Certified Coin Market Indicator box on the front page. This is a weekly comparison of selected certified coin Bid levels (from sight-unseen Bid levels in the Certified Coin Dealer Newsletter - the Bluesheet) to the CDN's sight-seen Bid levels (as 100%), sampled from 10 U.S. coin series (2 grades each series, for a total of 20 ratios).

 

These Indicator ratios should be used to survey the entire market, and not just applied to any single issue; these ratios should be applied to CDN Bid levels to obtain a trading range for comparisons.

 

A complete list of the coins surveyed and the methods of calculation are available in an article printed in the July 1988 CDN Monthly Supplement. This issue is available for purchase for $2.50 from: CDN Publications, PO Box 7939, Torrance CA 90504, (310) 515-7369

[spy88]

Very interesting, royal, as I've never paid attention to this on their front page. And I have no answer for you, except to pose one of my own.

 

If anyone knows what the 10 series US coins and the 2 grades for each are used to obtain these ratios, I would appreciate the info.

 

Thanks!

 

David

[Tradedollarnut]

Look at it this way. I offer you $20 for a coin sight seen in Company A's holder, $100 for the same coin sight seen in Company B's holder. For the same two coins, I offer you $16 sight unseen for the first holder [80%], but only $75 sight unseen for the other [75%].

 

Can you see that the sight seen/unseen percentage tells you nothing at all about which actually sells for more?

 

In reality, PCGS prices are so high on the marketplace [because the coins are generally perceived as PQ] so the sight unseen discount is a bit higher because of the inevitable average or low end coins.

[spy88]

Can you see that the sight seen/unseen percentage tells you nothing at all about which actually sells for more?

 

Nor does it let me make the decision as to which one I personally would rather have. I came to the conclusion long ago that I don't care whos holder the coin is in, I'm going to be better off making the decision to buy/not buy on what I can see, in hand or from quality pics.

[Bruceswar]

nice way to put it tradedollarnut.....

[Strat-migration]

Thou shalt be wary of percentages listed on the front page of the greysheet! All you have to do to test this info is to write down prices you observe at public auctions. Then see if ICG coins trade at a higher percentage than PCGS or NGC graded coins.

 

Here's what else doesn't make sense about that chart; according to the PCGS high listing, I should be able to buy PCGS coins at 95% of CDN bid (consistent 5 back of bid, yeah right!). Of course, that only refers to the coins listed under their "Certified Coin Market Indicator", which according to the last sentence in the paragraph to the right of the chart, hasn't been revised since the July 1988 Monthly Supplement.

 

[TomB]

You should print this post and save it to see the ludicrous background of this monthly chart that so many take as gospel in their buying decisions.

 

The Greysheet should do away entirely with this market indicator as it really doesn't indicate anything. There is very little dealer support for the Bluesheet, and it is probably this lack of support that makes the Greysheet so intransigent on this.

 

The coins, as mentioned already, were chosen in the July, 1988 issue and have not been updated since. The issues are as described below-

 

Buffalo Nickels-All in both MS63 and MS65

1936

1937

1937-D

1937-S

1938-D

 

Mercury Dimes-All in both MS65 and MS65FB

1940

1940-D

1940-S

1943

1943-D

1943-S

 

Walking Liberty Halves-All in both MS63 and MS65

1942

1942-D

1943

1944-D

1945-S

1946-S

 

Morgan Dollars-All in both MS64 and MS65

1880-S

1881-S

1883-CC

1883-O

1884-CC

1884-O

1885

1886

 

Peace Dollar-All in both MS64 and MS65

1922

1923

1924

1925

1926-D

 

Classic Commems-All in both MS64 and MS65

Boone

California

Iowa

Oregon

Stone Mountain

Texas

 

Proof Singles-All in both PF63 and PF65

1937 Buffalo Nickel

1942-P Jefferson Nickel

1942 Mercury Dime

1942 Walking Liberty Half

1963 Franklin Half

 

Type MS-All in both MS64 and MS65

Three Cent Nickel

Liberty Nickel

Legend Half-Dime

Legend Dime

Barber Dime

W/M Quarter

Barber Quarter

W/M Half

Barber Half

 

Type Proof-All in both PF64 and PF65

Same as above

 

Gold-All in MS64 and MS65

2.5 Liberty

2.5 Indian

5 Liberty W/M

10 Indian

20 Type 3 Liberty

20 St Gaudens

 

Does any reasonable and knowledgeable person believe that this mid-20th century-heavy grouping of coins reflects anything about the overall market or the TPGs? It's nonsense.

[gmarguli]

Does any reasonable and knowledgeable person believe that this mid-20th century-heavy grouping of coins reflects anything about the overall market or the TPGs? It's nonsense.

 

Yes, I have long believed that the selling price of a slabbed PF63 Franklin is an excellent indicator of the overall market.

 

The ONLY use this "Market Indicator" has is the fact that it pisses off David Hall since his company is shown as #3. Beyond that, there is no value. I dare anyone to buy or sell at these prices listed. I'd love to sell some ICG at these levels and buy some ANACS. As for NCI & INS, these companies trade less frequently than a 1913 Liberty nickel. There must be some agenda there for CDN to continue to list them. What that is, I have no idea.

[TomB]

I had to edit my first post because I left off a few coins on the bottom of the list when I entered the post. If I had proofread my post carefully, this would not have happened.

[HaydenTubbs]

The Greysheet should do away entirely with this market indicator as it really doesn't indicate anything. There is very little dealer support for the Bluesheet, and it is probably this lack of support that makes the Greysheet so intransigent on this.

Bluesheet=

[kryptonitecomics]

I only buy ICG......