Understanding Coin Price Guides

Hav fun Inflatable Snowman collect your Perfect Coins!

0,Understand Coin Price Guides

JBi Robert L Taylor.D

bi-weekly,There ar mani coin price guid published; weekly. monthli and annually. Thei come in the form of magazines, newsprint, hot sheet , and books. All of us have refer to on of these from time to time to ascertain what a particular coin might be worth. Yet, few of us stop to think about what we ar get from ani on of these Price Guides, beyond the price or valu of a coin. After all, don t price guides, just give you the price? What els is there?

but what more doe it mean?

which ha design what Grade and Identiti ha been assign to the coin,Unless the coin is Grade by an appropri Profession Grade Company. most of us ar make an assumpt about the actual Grade. Thi assumpt we make can be veri danger becaus of: a the difficulti in grade a coin; and, b the differ possibl outcom or result that occur. One Grade point or level can make the differ in hundr or thousand of dollar in the Valu of a Coin.

Pric Guid assum that YOU alreadi Know the Grade of the Coin. Thi is why we have the First Rule of Coin Collecting: Know the Grade of Your Coin.

ALL Price Guid ar found on the same Principle,Secondly. which is that the Coin, whose price you ar look up, ha been Grade us on Grade Standard. That Grade Standard is set by the ANA – American Numismat Associat – and is entitl the Official Grade Standard For US Coins.

ALL Price Guid have a silent assumpt built in to their guide; which is that the Grade that YOU decid upon,Therefore. is True or Accurate, and that such Grade is base on the ANA Standards.

thi difficulti never come into question,Th first difficulti that aris is that most peopl never know if the Grade that thei have decid upon is Accurate. Of course. if the coin is Profession Grade by an appropri company. There ar onli four 4 reput Profession Grade compani that strictli follow the Guidelin set by the ANA, and thei are: PCGS, NCG, ICG, and ANACS.

the decis is probabl questionableThe second difficulti aris becaus of thi silent assumpt or Foundat of all price guid is whether or not the Grade ha been decid upon us the Guidelin or Standard establish by the ANA. If you don t have the skill and train of a profession coin grader..

the decis is still probabl questionable. Why? Becaus even profession coin grader have differ opinions. Thi is why the reput profession coin grade compani requir the opinion of three 3 profession coin grader to arriv at the Grade design to be place on everi coinEven if you do have the skill and train of a profession coin grader..

Th obviou conclus is that a Seriou Coin Collector is go to invest in rare and modern coin that ar grade by on of the Top Four reput Grade companies. It is the onli certain wai to elimin the disagr and argument about the Grade of Any coin be Bought or Sold! It is the onli certain wai on can Valu their coin collection. It also elimin get taken or cheat bui raw coins.