Pricing

What happened to the pricing here? My collection used to be worth over $200,000.00. Now it's only worth just over $9,000.00. For example...my 1963-D Franklin Half...MS 65...with Full Bell Lines...shows a value of only $1.35.
I've written Nostomania, but I was wondering if anyone had any idea of what has happened. I know the housing market took a hit. But I didn't realize coins took one too.
Thanks.
tmbz

This message was edited 1 time. Last update was at 07-11-2008 14:41:30

tmbz wrote:
What happened to the pricing here? My collection used to be worth over $200,000.00. Now it's only worth just over $9,000.00. For example...my 1963-D Franklin Half...MS 65...with Full Bell Lines...shows a value of only $1.35.
I've written Nostomania, but I was wondering if anyone had any idea of what has happened. I know the housing market took a hit. But I didn't realize coins took one too.
Thanks.
tmbz

What happened is what we've been preparing the users for in the Nosto News for months - we are now gathering enough sales data to generate pricing for each recognized grading service, as well as items not professionally graded. See the note here for one comment on how most users can expect a plunge in value. For your example above, what this is saying, in effect, is that a sale (say on eBay) of a 1963-D Franklin Half where the seller claims it is MS-65 FBL will just not fly - nobody will believe it and it will maybe sell for the intrinsic silver value (when you factor in shipping). Yes, actual eBay numbers are driving this pricing. If your item is professionally graded, however, there is a solution! Simply go into My Lists, and change the certification for this item from None to NGC (or whatever), and your collection value will automatically adjust. In this case, upward. A lot!

The bottom line is that at the top of the grading scale, there is a huge price differential between "slabbed" and "raw" items, and Nostomania pricing now reflects that reality.

I completely understand the new pricing system. I like how we can now choose the certification service that graded our coins. The values are more real. After all, we know that some grading services reap better prices than others. So the values make so much more sense. The only problem I had is that I don't have any NTC coins, but I do have NNC coins. I simply listed them as NTC. I don't really figure the pricing for them would be that much different.
Also, my collection wasn't worth $200,000 like I thought (or wished...*s*). It was only worth about $125,000. Now with the certification services in place, it's still worth well over $100,000. I don't feel so bad now.
Keep up the good work ! I love this site !

Personaly, for my coins collection I use this page http://www.24hgold.com/english/gold_silver_prices_charts.aspx?money=Euro in order to estimate my coins value!

HappyGold wrote:Personaly, for my coins collection I use this page http://www.24hgold.com/english/gold_silver_prices_charts.aspx?money=Euro in order to estimate my coins value!

I don't get it - how does this let you track your collection? It looks like spot-price charts, and little more.

What tmbz was referring to is the ability to enter your collection on Nostomania, in My Lists, and have the current value automatically calculated for you - with pricing driven by actual sales, and separate pricing for each legitimate grading service (PCGS, NGC, etc.). You don't have to estimate anything yourself - the site computes a current value based on current market conditions.