Details Anacs
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1955 D RPM-2 LINCOLN CENT ERROR COIN ANACS AU DETAILS $19.95 |
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RARE ~ 1914 D Lincoln Cent ~ ANACS F12, VF Details $395.00 |
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1928 Silver $1 Peace Dollar Unc Details ANACS Certified $595.00 |
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1932-S WASHINGTON QUARTER ANACS VF DETAILS NET F 12 $99.99 |
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1793 Head Left Half Cent ANACS Fine Details Nice Coin $4,750.00 |
There are many coin price guides published; weekly, bi-weekly, monthly and annually. They come in the form of magazines, newsprint, “hot sheets”, and books. All of us have referred to one 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 are getting from any one of these Price Guides, beyond the price or value of a coin. After all, don’t price guides, just give you the price? What else is there?
Basic to an understanding of price guides are two things: 1) the Grade of the Coin; and 2) the Foundation of the price guide. Knowing the Grade of the Coin is required before one can begin. Saying so seems to be obvious, but what more does it mean?
Unless the coin is Graded by an appropriate Professional Grading Company, which has designated what Grade and Identity has been assigned to the coin, most of us are making an assumption about the actual Grade. This assumption we make can be very dangerous because of: a) the difficulty in grading a coin; and, b) the different possible outcomes or results that occur. One Grade “point” or level can make the difference in hundreds or thousands of dollars in the Value of a Coin.
Price Guides assume that YOU already Know the Grade of the Coin. This is why we have the First Rule of Coin Collecting: Know the Grade of Your Coin.
Secondly, ALL Price Guides are founded on the same Principle, which is that the Coin, whose price you are looking up, has been Graded using one Grading Standard. That Grading Standard is set by the ANA – American Numismatic Association – and is entitled the Official Grading Standards For US Coins.
Therefore, ALL Price Guides have a “silent assumption” built in to their guide; which is that the Grade that YOU decide upon, is the True or Accurate, and that such Grade is based on the ANA Standards.
The first difficulty that arises is that most people never know if the Grade that they have decided upon is Accurate. Of course, this difficulty never comes into question, if the coin is Professionally Graded by an appropriate company. There are only four (4) reputable Professional Grading companies that strictly follow the Guidelines set by the ANA, and they are: PCGS, NCG, ICG, and ANACS.
The second difficulty arises because of this “silent assumption” or Foundation of all price guides is whether or not the Grade has been decided upon using the Guidelines or Standards established by the ANA. If you don’t have the skills and training of a professional coin grader, the decision is probably questionable.
Even if you do have the skills and training of a professional coin grader, the decision is still probably questionable. Why? Because even professional coin graders have differing opinions. This is why the reputable professional coin grading companies require the opinions of three (3) professional coin graders to arrive at the “Grade” designation to be placed on every coin.
The obvious conclusion is that a Serious Coin Collector is going to invest in rare and modern coins that are graded by one of the Top Four reputable Grading companies. It is the only certain way to eliminate the disagreements and arguments about the Grade of Any coin being Bought or Sold! It is the only certain way one can Value their coin collection. It also eliminates “getting taken” or cheated buying raw coins.
Have fun collecting your Perfect Coins!
Robert L Taylor, JD
Copyright 2006, Robert L Taylor, JD
About the Author:
Robert Taylor is a retired Lawyer, from Denver, CO, and who has had a passion for collecting US coins, since the age of 6. Wanting to share his Passion, he created http://www.ThePerfect-Coin.Com which features US Rare and Modern Coins (from 1960) and http://www.PerfectDollarCoins.Com featuring US
Article Source: ArticlesBase.com – Understanding Coin Price Guides
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1955 D RPM-2 LINCOLN CENT ERROR COIN ANACS AU DETAILS $19.95 |
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RARE ~ 1914 D Lincoln Cent ~ ANACS F12, VF Details $395.00 |
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1928 Silver $1 Peace Dollar Unc Details ANACS Certified $595.00 |
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1932-S WASHINGTON QUARTER ANACS VF DETAILS NET F 12 $99.99 |
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1793 Head Left Half Cent ANACS Fine Details Nice Coin $4,750.00 |
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1943 50C Silver Walking Liberty Half AU58 Details Anacs $30.00 |
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1943 50C Silver Walking Liberty Half MS60 Details Anacs $32.00 |
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1811 HALF DOLLAR(SCARCE)GRADED BY ANACS GD 4 DETAILS $30.00 |
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1886 S Morgan Silver Dollar Coin ANACS DETAILS $46.00 |
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1924-D PENNY GRADED BY ANACS F-15 DETAILS $29.00 |
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1909-S VDB. ANACS graded F15 detail, damaged. $799.00 |
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1854 $1 Gold Liberty Type2 VF-30 Details Anacs Cert. $385.00 |
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1855 $1 Gold Liberty Type2 EF-40 Details Anacs Cert. $405.00 |
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1912 $2.5 Gold Indian AU 50 Details Ex-Jewelry Anacs $300.00 |
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1926-D PEACE DOLLAR, ANACS MS-60 DETAILS $19.02 |
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1888-O Morgan $ F15 Details ANACS Vam 4 Hot Lips $69.00 |
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1888-O Morgan $ F15 Details ANACS Vam 4 Hot Lips $69.00
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1888-O Morgan $ VF30 Details ANACS Vam 4 Hot Lips $109.00 |
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1883-S Morgan Silver Dollar,Old Small ANACS AU50 Detail $69.00 |
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1836 CAPPED BUST 50c ANACS AU50 DETAILS NEW HOLDER $375.00 |
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1832 CAPPED BUST 50c ANACS AU50 DETAILS NEW HOLDER $350.00 |
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Half Dollar 1810 O-105 ANACS 50 Au Details NR FREE SH $650.00 |
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1832 CAPPED BUST 50c ANACS AU50 DETAILS NEW HOLDER $350.00 |
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1835 H10C HALF DIME ANACS CERTIFIED EF40 DETAILS $200.00 |
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1879 Proof Morgan Silver Dollar, ANACS PF-60 Details $899.00 |
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1878 MORGAN SILVER $1 ANACS GRADED VF40 DETAILS, CLEAN $3.25 |
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1849-C Gold Liberty $5 ANACS AU50 Details $2,400.00 |
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1799/8 DRAPED BUST DOLLAR ANACS VF35 BB-142 B-1 DETAIL $1,625.00 |
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1859-O 50C Silver Seated Liberty EF 40 Details Anacs $140.00 |
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1886 Liberty Nickel ANACS Fine Details Heavily Corroded $169.00 |
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1835 5C Silver Capped Bust Half-dime AU50 Details Anacs $255.00 |
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1901 25C Silver Barber Head Quarter AU 53 Details Anacs $140.00 |
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1833-M,AJ Spain ANACS MS-60 Details 2 Reales KM#460.2 $150.00 |
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1899 MORGAN $ AU50 DETAILS ANACS !!! $100.00 |
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1876-S TRADE DOLLAR- ANACS A.U. 58 DETAILS- NO RESERVE $239.95 |
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1921-D Morgan $ EF45 Details ANACS Vam 1G $33.00 |
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1921-D Morgan $ AU50 Details ANACS Vam 1L $39.00 |
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1921-D Morgan $ AU53 Details ANACS Vam 1M $33.00 |
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1921-D Morgan $ AU50 Details ANACS Vam 2 $36.00 |
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1901-S BARBER DIME….ANACS EF40 DETAILS $50.99 |
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1900-S MORGAN SILVER DOLLAR, ANACS AU-55 DETAILS $13.00 |
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1902 BARBER DIME…ANACS AU55 DETAILS…CLEANED $19.50 |
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1902-S BARBER DIME…ANACS AU55 DETAILS…CLEANED $44.00 |
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1799 BUST DOLLAR ANACS CERTIFIED AU DETAILS NET EF $5,250.00 |
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1922 Peace $ ANACS AU55 Details Vam 2C Top 50 $139.00 |
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1922 Peace $ ANACS AU58 Details Vam 2C Top 50 $149.00 |
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1922 Peace $ ANACS EF45 Details Vam 2C Top 50 LDS $99.00 |
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1922 Peace $ ANACS AU50 Details Vam 2C Top 50 LDS $129.00 |
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1923 Peace $ ANACS AU58 Details Vam 1V Top 50 $89.00 |
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1924 Peace $ ANACS AU55 Details Vam 5A Top 50 $199.00 |
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Certified Half Cent 1797 G4 Details PL Edge ANACS Golden Eagle Coins specializes in a wide variety of Gold & Silver Bullion Products. Our large inventory caters to both the Bullion Investor as well as the collector. We offer every date and size of American Gold & Silver Eagles and carry large quantities of Canadian Maple Leafs, Krugerrands & Silver Bars. Feel free to use our site for all your indications of the Gold & Silver market. Our quotes co… |
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Certified Large Cent 1814 VF30 Details ANACS Golden Eagle Coins specializes in a wide variety of Gold & Silver Bullion Products. Our large inventory caters to both the Bullion Investor as well as the collector. We offer every date and size of American Gold & Silver Eagles and carry large quantities of Canadian Maple Leafs, Krugerrands & Silver Bars. Feel free to use our site for all your indications of the Gold & Silver market. Our quotes co… |
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