Tips on Using CoinFacts #12 – Statistics

Ron Guth

Posted on March 18, 2014 by No Comments

Statistics – those seemingly dry numbers that can be manipulated in so many different ways – can be an excellent way of determining where you’ve been and where you’re going.  For instance, if sales in your coin business have been $10,000 for a month for the past two years, you can reasonably expect that you will have $10,000 in sales every month for the next two years, barring any unforeseen changes in the way you do business.  However, you can also use statistics to figure out how you can expand your business to $12,000 a month, then use other statistics to determine how well you are doing at achieving that goal.  Knowing where you’re going requires knowing where you’ve been.

Statistics are particularly important for us at PCGS CoinFacts because the size of our website cannot be seen.  PCGS CoinFacts is not a like a physical balloon that expands with each puff of air.  Because the viewer can only see one page at a time, it would appear that PCGS CoinFacts is just like it always has been except for regular updating of the population data and prices.  Without statistics to prove otherwise, PCGS CoinFacts appears fairly static.

In reality, nothing could be further from the truth.

To show you exactly what is happening on PCGS CoinFacts, we’ve developed a useful Statistics page at http://www.pcgscoinfacts.com/Stats.aspx

This page shows the changes in the past month, in all the major categories and subcategories, of the number of individual coin pages, population, images, narratives, and auction prices.

As I review this page right now, I see the biggest changes in the population data, which is to be expected because we’re grading hundreds and thousands of new coins each day.  Auction prices are relatively flat this month, but they can be subject to sudden spikes as data is imported after major auctions occur.  The real activity this month, and the one which is of great interest to anyone following the news these days, is the addition of the data from the Saddle Ridge Hoard of over 1,400 gold coins (if you haven’t heard about this cool deal yet, simply do a Google search for “Saddle Ridge gold coins”).

The influx of data from the Saddle Ridge Hoard affected the number of coin pages because special pages were made for each date/mintmark combination included in the hoard.  The population of Liberty Head $20s (the bulk of the hoard) jumped by over 1,500 pieces (yes, we graded other coins than just the Saddle Ridge Hoard).  Over 1,177 images were added to that subcategory, as well.  And, of course, the number of narratives increased as we described those special coins.

You might notice a small drop in some of the statistics.  This can happen when duplicate images are removed from the system, or when we clean up the auction prices realized by deleting errant data.  In general, however, the trend in the numbers is onward and upward.

What this all means is that even though you may not be able to “see” it, CoinFacts is expanding and getting better every day.  If you want to see specific examples of the changes being made, check out this page: http://www.pcgscoinfacts.com/MostRecent.aspx?mr=1&level=0

Here, you will see all the most recent additions to narratives, the condition census, and images.  Spend some time in any of these tabs, and you’ll find some remarkable stuff going on.

Have fun examining how we’re making your PCGS CoinFacts experience better every day!

Filed Under: News

Ask Don: Introduction to the PCGS Population Report

Don Willis

Posted on March 11, 2014 by 2 Comments

The biggest news of the past week has been the Saddle Ridge hoard of gold coins discovered in Northern California. One aspect of the market that this exciting discovery has changed is the PCGS population for many San Francisco mint $20 Liberty coins. This week’s Ask Don takes a look at the importance of the PCGS pop report and ways that it can be used. The pop report is a valuable data point that should be part of every buying and selling decision.

Filed Under: News

Ask Don: What Is My Coin Worth?

Don Willis

Posted on February 24, 2014 by 3 Comments

PCGS spends a tremendous amount of time adding and updating content to our website.  I am always disappointed when I meet someone who doesn’t know what’s available or how to use www.PCGS.com. That’s not their fault, it’s ours! In the latest Ask Don video I review the PCGS Price Guide. This is far more than simply a list of prices as you shall see. To be continued…

Filed Under: News

Ask Don: Do’s and Don’ts of PCGS Restoration

Don Willis

Posted on February 11, 2014 by No Comments

This week’s video is all about our Restoration service that PCGS
introduced last year. The service has produced some amazing results and we have been happy to help. Understanding whether your coin is a candidate for this service is important. To avoid disappointment and unnecessary costs, watch the video and carefully examine your coins before you send them in.

Filed Under: News

Don’s Desk: Coin Collecting in China

Don Willis

Posted on January 30, 2014 by No Comments

I just returned from several days at our Shanghai office. The Chinese culture is very interesting and there is always something new to discover and explore!  One thing that is the same in China as here in the States in the interest in collecting coins. Coin collectors in China are very much like we are. China’s long and  rich history combined with its many empires and regimes has resulted in many different coin types and varieties.  There are many different collecting specialties.  The coin market is very well established in China with coin markets in most major cities.  Collectors around the world share the same passion for their hobby!

Filed Under: News

Don’s Desk: FUN Show

Don Willis

Posted on January 14, 2014 by No Comments

We have just returned from another exciting FUN show. For starters the show must occupy the space of at least two football fields and it seems much larger! Hundreds of dealers were set up with varied and interesting displays of coins. Each day collectors clogged the aisles making new friends and renewing old friendships while in pursuit of their next acquisition. Heritage offered a wide selection of coins in a series of auctions that included several great rarities. PCGS held an enjoyable Registry luncheon that was well-attended by many old friends. It is official – the New Year kicked off in style with another great FUN show!

Filed Under: News

Don’s Desk: 2013 Wrap Up

Don Willis

Posted on December 31, 2013 by No Comments

As 2013 wraps up and we begin a new year I would like to thank all of you for your support over the past 12 months. 2013 was a very exciting year for PCGS. We added new services in the US. We opened new offices in Shanghai, China. Our offices in Paris and Hong Kong continued to grow, as did our US operations, helping PCGS reach over 27 million coins graded in our 27 year history. Collectors Universe Inc., PCGS’ parent company, was selected as one of the top 100 small businesses in the US by Forbes magazine (#50 actually). Most importantly we continue to work hard to protect your interests and earn your confidence as the number one grading service in the world!

Happy New Year!!

Don Willis
President, PCGS

Filed Under: News

Ask Don: Pricing your Coin with PCGS

Don Willis

Posted on December 17, 2013 by 1 Comment

One of the ‘Ask Don’ questions this week comes from someone who came into possession of a large group of coins and is trying to determine what they are worth. This got me thinking about all the tools that PCGS has developed with this person in mind. Tools like PCGS Photograde, PCGS Price Guide, PCGS CoinFacts and others are available on our website and are also available in mobile versions. PCGS has also developed a family of mobile applications so you can take these collecting tools on the road or to shows. With a little bit of patience even the novice collector – or non-collector – can get an idea of what they have and approximately what it might be worth. Remember a smart buyer or seller is already ahead in the game!

Happy Collecting,

Don Willis
President, PCGS

Filed Under: News

Ask Don: Cracking Out Coins from the Mint

Don Willis

Posted on December 3, 2013 by No Comments

One of the ‘Ask Don’ questions this week comes from someone who came into possession of a large group of coins and is trying to determine what they are worth. This got me thinking about all the tools that PCGS has developed with this person in mind. Tools like PCGS Photograde, PCGS Price Guide, PCGS CoinFacts and others are available on our website and are also available in mobile versions. PCGS has also developed a family of mobile applications so you can take these collecting tools on the road or to shows. With a little bit of patience even the novice collector – or non-collector – can get an idea of what they have and approximately what it might be worth. Remember a smart buyer or seller is already ahead in the game!

Happy Collecting,

Don Willis
President, PCGS

Filed Under: News

Don’s Desk: The PCGS Guarantee

Don Willis

Posted on November 19, 2013 by No Comments

PCGS was the first grading company to offer a lifetime guarantee on the authenticity and grade of every encapsulated coin. Back when this happened in 1986 it was a revolutionary idea! Other companies have tried to copy PCGS but, in my opinion, no one comes close. As long as a coin remains in a PCGS holder you can rely on the guarantee with confidence. The PCGS Guarantee dramatically changed the market in 1986 and since that time many new collectors and investors have felt comfortable enough to start buying PCGS certified coins. PCGS offers specific services for you to resubmit your coins if you believe there is a problem or if you believe your coin is under graded. Under no circumstances do you need remove the coin from the PCGS holder. See this week’s ‘Ask Don’ video below as I discuss this topic in more detail.

Happy Collecting,
Don

Filed Under: News

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