Why Coin Catalogs May Not Be Accurate?

Coin prices and values can be looked up in coin catalogs, however some catalogs may not offer the most accurate prices. For coin catalogs and price guides, the value of the coins that they list is just an approximation, and many guides cannot be accurate for every type of coin because the values of coins will fluctuate based on several factors.

Coin collectors commonly assume that a South Florida coin shop should pay the price listed in a coin catalog for their collection, when they may be entitled to more money or less money depending on the demand for their collection and other market factors. Coin and gold buyers in Lake Worth may also end up paying more money or less money than catalogue prices for rare coins or collector coins.

South Florida Coins uses several factors to determine coin values

Some coin guides are more accurate than others and, South Florida Coins uses the most accurate guides to determine coin prices. South Florida Coins is one of the leading coin dealers in South Florida because of the company’s accuracy with determining coin values and the experience of its owners. Several different factors must be used to determine the value of a collection, and the coin guides usually list aggregate coin prices.

The PCGS (Professional Coin Grading Service) publishes its own guide on coin pricing, and there is also the Red Book and several other guides. There is a large variation in prices between each guide, and each publisher has their own idea and recommendations on coin prices. You will find a great deal of variation in prices from one South Florida coin shop to another.

Don’t get confused by coin price and value

Coin prices are what you can expect to pay for a coin, and these are listed in publications like the Red Book. Coin values are what you can expect to receive for a coin if you were to sell to a dealer today. Using a realistic coin value guide you can get a better idea on how much you will receive for a particular coin.

It’s almost always better to get a custom appraisal from an experienced numismatist at coin dealers in South Florida, as values for coins fluctuate dramatically based on several market factors, and the coin market is a free market that that is influenced mostly by supply and demand, not the prices and values listed in publications.

Don’t rely on coin catalogues to determine coin values

Coin values can vary significantly from the prices and values listed in a coin catalogue, and the forces of the market often make them obsolete quickly. Unless the guide is updated on a regular basis it is likely to have prices and values that are not accurate. Values (the amount paid for a coin) will fluctuate quite a bit from one type of coin to another.

To get an accurate appraisal for your rare coins or bullion you should take your collection to a trustworthy South Florida coin shop such as South Florida Coins and get a detailed appraisal. An experienced numismatist at South Florida Coins with an understanding of the current market demand for your rare coins will be able to give an accurate appraisal for your collection.