Ask Don: Auction Prices Realized

Posted on April 22, 2014 by

With over 2.8 million records, the PCGS Auction Prices Realized archive is extremely useful. For many this is a well-kept secret that is tucked away on our website.  As a buyer, I want to know what others have paid for coins similar to what I am considering purchasing!  APR is one of three major data points that I have always used in buying or selling coins. The others are the PCGS Population Report and the PCGS Price Guide.  Using these three tools, and sometimes a bit of deductive reasoning, reasonable conclusions can be reached in regard to a coin’s value, availability and desirability. In this week’s video we explore the APR system offered by PCGS. Take a minute to check it out, and more importantly, go to www.pcgs.com/auctionprices  and see for yourself.

Filed Under: News

Comments (1)

 

  1. scott huffman says:

    Thanks. I collect type one DE O mints when I can find a good one for a reasonable price. I watch auction prices as a measure but feel someone like Stacks can find a good one at a better price than an auction would provide. What would be helpful to me is being able to see a clear picture of the most trade you use in your analysis and price computation. As I type a 1852 $20 O AU 58 PCGS CAC is going for $21,000, low for the grade and pop. Point is not all 58s are the same. The eye appeal is so critical and sometimes a auction can sell a coin the you list in your price guide well below or above the listed price. I am trying to find an au 53-55 1855 O but cannot locate one. Frankly I cannot determine what would be fair price as so few trade and if one that is sub par appears in terms of eye appeal it would trade several thousand dollars less than another with good eye appeal. None have traded in the last couple of years in the Au range I am aware of. They just don’t come on the market enough. Another example is the 54 O going to auction 4/23 or 4/26. It is a au 55 pcgs and currently is below $400,00()BP included ) but could be bid somewhat higher. Take a look at the obverse and I think you will; see why as there are pitted areas on the left side. I doubt it will go anything neat the $425k mark another one traded for in 2008 ( I think). I realize these coins are tough but any other information (such as coin quality for the grade) along with the the grade, [pop reports ( which are somewhat inflated do to resubmissions ) would be very helpful.

    I will say PCGS and NGC are the collectors best friend as they have cleaned up this hobby significantly. You guys have a very tough job and save the collectors a significant amount of money by placing a third party grade, authentication and point out any tampering of the coin ie improper cleaning, tooling or filing.

    Regards

    Scott Huffman

    please forgive my typing as the font is small and my eyes old

Leave a Reply