Finding gold coin values is quite similar to buying a car. Most people who want to purchase a vehicle will research pricing online before they go to the dealer. They will find out how much they should expect to pay based on the model and features they want, before they head to the dealer.
Buying certified gold coins can be similar; traders research coins and compare prices with PCGS or NGC before they make a deal. This is good work and part of the due diligence process, but there are more factors involved, such as current economic situations, demand and whether a particular coin has “broken through” its estimated value.
With the economy currently under siege, demand and prices can be affected, meaning that good deals can be found. A recently sold 1879 Flowing Hair Stella Cameo that was NGC certified at MS66 brought a price of $182,500. That sounds like a very high price until you consider the fact that the same coin is valued at $270,000 in the PCGS price guide. Demand for the coin did not support its value and the seller made less than he or she probably anticipated.
Just like looking up a the price of a car online doesn’t mean you have to pay that much at the dealer, doing research on certified gold coins can help you find good values on rare coins. Economic struggles and changing demand can work to the benefit of the buyer if he or she takes the time to do some homework.
Kevin Johnson
Senior Staff Writer - GoldCoin.net