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Viewer Mailbag - Why Don't Dealers Use NGC / PCGS Price Guides? ...and Other Questions

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TheCoinGeek

TheCoinGeek

Күн бұрын

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Ben The Coin Geek
Old Pueblo Coin

Пікірлер: 49
@jasonlovett5536
@jasonlovett5536 Ай бұрын
I love the Tool reference.
@robertfrye5161
@robertfrye5161 Ай бұрын
the Carson City show used to be in the old CC mint it was in the late 90's to 2005. Very interesting place, the dies they found buried in what is now the parking lot and there was a complete set of CC 420 on loan from a collector
@jbohanon2
@jbohanon2 Ай бұрын
I recently purchased a proof coin from the 1860s. Known mintage is 600, but the combined PCGS and NGC certified pops was a little over 600. I realize that's probably crackouts, but you're almost certainly right that almost the entire mintage of proof coins was saved.
@joe.g5176
@joe.g5176 Ай бұрын
I love the connection with that song. I knew it right away when you started saying it I wish they played it more on the radio. PS I love your videos. I watch them all the time. Keep up the good work.
@thedaveandjimshow3809
@thedaveandjimshow3809 Ай бұрын
A real dealers dealer. Have heard nothing but good things about Old Pueblo Coin.
@thedaveandjimshow3809
@thedaveandjimshow3809 Ай бұрын
One break...coming up! Keep up the great work Ben!
@surfatone1986
@surfatone1986 Ай бұрын
Hi Ben, I love your Star Wars helmet shirt. Carole
@TheCoinGeek
@TheCoinGeek Ай бұрын
Thanks- happy Father’s Day to me !
@rasbobbo
@rasbobbo Ай бұрын
Taking all your CCs so they can see where they were born?
@user-ql6ed2tt7m
@user-ql6ed2tt7m Ай бұрын
Thank you for answering my question I have always wondered why dealers only use the Greysheet by the way my name is Daryle and I’ve been to your store several times. Thank you.
@thedaveandjimshow3809
@thedaveandjimshow3809 Ай бұрын
PCGS and NGC prices are super high retail. When I got into the trade, first as Metal Therapy, I used prices in a magazine and that was a mistake. Was bidding and buying online. Winning every auction with those prices. Use Greysheet as a guide. They are all just a guide.
@davidbell9130
@davidbell9130 Ай бұрын
wait a friggin minute-dealers do use those price guides only when they sell to collectors, they are crooked for the most part
@kaceydillin7367
@kaceydillin7367 Ай бұрын
Well, all I can say is…learn to swim! 👀 Great video
@TheCoinGeek
@TheCoinGeek Ай бұрын
Yup
@brucetelfeyan
@brucetelfeyan Ай бұрын
You are right that there are lots of places to go for numismatic information, but this is the very best of them all!
@TheCoinGeek
@TheCoinGeek Ай бұрын
Wow, thanks!
@zachschindel3181
@zachschindel3181 Ай бұрын
Definitely the best.
@user-yh6ej9wj6z
@user-yh6ej9wj6z Ай бұрын
Thanks for the TOOL reference made my day Ben
@57Koba
@57Koba Ай бұрын
Yes, PCGS price guide says my 39 proof Walker in 67 is worth $1600. I wish they would pay me that for it. Greysheet is around 700.
@joshuahsimons9587
@joshuahsimons9587 Ай бұрын
I got a 2009 D Formative Lincoln graded in 2017 by PCGS they graded it MS67 it was worth $1,500 at the time then people started selling some at like 200 they totally destroyed the value now it’s worth 140
@homerj806
@homerj806 Ай бұрын
PCGS and NGC are selling a service. Their "price list" is really advertising telling would be customers that their coin could get this much if they use their service. Always be suspicious when a grading company "price" their own product.
@geranth
@geranth Ай бұрын
Thanks for all the great content Ben! I appreciate the TOOL reference:)
@kerryruggs6109
@kerryruggs6109 Ай бұрын
Some say a comet will fall from the sky
@joshuahsimons9587
@joshuahsimons9587 Ай бұрын
I have a problem with business strikes & bullion coins both being called MS. Business strikes r worth way more BS should also b on the label
@kevinpoggensee
@kevinpoggensee Ай бұрын
Hey Ben
@EricBynog-zd4rd
@EricBynog-zd4rd Ай бұрын
I totally disagree with that thought there are enough research to get a base line for coin pricing in certain grades there should be enough data out there to get a basic price for common date common grade coins I honestly think a lot dealers don’t want a structured price schedule they want the Wild West always remember just because a buyer over pays for a coin does not now make those coins worth that amount also if auction happens and guy get coin dirt cheap suddenly those coins are not cheap this is the main issue why more people get out of coins because they get burned a dealer over charged them for coin they go sell it 5 years later only to realize they got burned all dealers are guilty of what they don’t know won’t hurt them dealers are a lot like politicians hard to trust
@davidvandebrake8454
@davidvandebrake8454 Ай бұрын
Hey Ben . I'm just curious as to why as a member I can't comment on most of ur videos. Great video as always I learned alot .
@TheCoinGeek
@TheCoinGeek Ай бұрын
Huh, my videos are set to accept comments: I don’t know what stops you.
@davidvandebrake8454
@davidvandebrake8454 Ай бұрын
@@TheCoinGeek I can screen shot it but I'm not sure how I would send it to you . But on most of your videos for some reason it won't let me leave you any comments. And I watch all your videos Ben I've learned so much from you but can't comment . It might just be a technical issue. I'm wondering if anyone else has this issue .
@zachschindel3181
@zachschindel3181 Ай бұрын
Make sure you are swiping to comment and not live..? Maybe?
@user-oh2hs6jh5x
@user-oh2hs6jh5x Ай бұрын
hi ben
@WOCassity2
@WOCassity2 Ай бұрын
If NGC and PCGS were to put their money where their mouths are on the price guide for what they would buy their own coin holder back for, I bet those prices would be below bid by about 30%
@DE-gb3wq
@DE-gb3wq Ай бұрын
I think pcgs and ngc price guides are for insurance purposes.
@TheCoinGeek
@TheCoinGeek Ай бұрын
That could be a use 🧐
@wmelville14
@wmelville14 Ай бұрын
See ya down in Arizona Bay
@morgansinner
@morgansinner Ай бұрын
YEE HAW 🤠
@indivisibleman8596
@indivisibleman8596 Ай бұрын
Because dealers think they are entitled to buy at half price
@user-ql6ed2tt7m
@user-ql6ed2tt7m Ай бұрын
I have always wondered why dealers don’t use the PCGS and the NGC price guide when they look at coins they always use the graysheet. Why is that?
@rogerkinard7446
@rogerkinard7446 Ай бұрын
Si, it’s Ocho Reales, for reals, for reals; at least according to the #1 DODGERS’ fan, George Lopez ! However I thought one should always say: this coin trades for ______ , rather than this coin trades at ______ . Therefore, at ease, Ben, “The Coin Geek.”🤓 ⚾️⚾️⚾️ ROGER, The LOS ANGELES DODGER
@667hodge
@667hodge Ай бұрын
I guess Maynard would rather be in the Arizona bay than LA
@TheCoinGeek
@TheCoinGeek Ай бұрын
😉
@williamgoff3154
@williamgoff3154 Ай бұрын
I am confused about the purpose of graysheet. I wanted to sell to a couple of dealers and each offered less than graysheet. I always thought graysheet was the lowest cost between dealers. Why are dealers offering me nearly 20% less than graysheet. Those dealers left me confused and angry.
@sirsoda8337
@sirsoda8337 Ай бұрын
Typically greysheet prices are around what a dealer expects to get for a coin wholesale, and most honest dealers make around 10-25%.
@TheCoinGeek
@TheCoinGeek Ай бұрын
Grey sheet tried to maintain accurate pricing on dealer to dealer pricing- but a dealer can’t buy at greysheet and sell at greysheet and stay in business. IF they actually can sell every coin they buy at a retail number then they can afford to pay greysheet …. But that is making a lot of assumptions about what the public is willing to pay for coins. Many members of the public want to buy also at greysheet for more common coins . None of it is set in stone
@johnadcock8523
@johnadcock8523 Ай бұрын
Tool!
@TheCoinGeek
@TheCoinGeek Ай бұрын
Someone is catching on!
@michaelgoodspeed846
@michaelgoodspeed846 Ай бұрын
Hi Ben
@user-oh2hs6jh5x
@user-oh2hs6jh5x Ай бұрын
Gotcha this time Speedy!
@GardenerEarthGuy
@GardenerEarthGuy Ай бұрын
Will Devo ever play more shows?
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