Value Guides

How much are my coins worth?

Grading vs. Value

• Grading is really a shorthand method of valuation

• Coins and currency in better condition are almost always worth more

• Dr. William Sheldon in Penny Whimsy attempted to make equal increments in value 1-70.

• A coin that rated a 12 would be 6 times more valuable than that of a coin rating a 2

This Didn’t Work

• True collectors, around the turn of the century, had no reference material except old auction catalogues and the prices someone was willing to pay (prices realized)

• In the early 1900, buy and sell price guides were available– J.W. Scott– B. Max Mehl

Today we have….

• RED Book• Blue Book• Black Book• Grey Sheet• Green Sheet• Blue Sheet• Trends• Krauss• These are the old standards, but what is new?

On-Line Price Guides and Prices Realized

• The coin market is very volatile and with an old price guide, you may miss maximization of your profits.

• Some Coin and Currency values have doubled to tripled in the past 3 to 5 years.

• Methods of getting these values:– Heritage Rare Coin – PCGS– Numismedia– Teletrade– EBAY ….

If you don’t have a computer, your local library will have

internet access.www.PCGS.com

www.Heritagecoin.com

www.teletrade.com

www.numismedia.com

www.ebay.com

The value tools are many

• Don’t forget to buy the book before you “ SELL THE COIN”

• A coin is worth what someone is willing to pay for it

Don’t forget to have fun!