If CoinTracker is Right, STOP DUMPING CLAD HALVES!!

[madwest]

I use to believe everything I read on the internet. Now, my confidence is a bit shaken.
http://cointrackers.com/coins/615/1971-d-kennedy-half-dollar/

 

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[Generic_Lad]

Coin value guides are always laughably bad when it comes to overestimating coin values. Even the Redbook falls into the same trap. Mix that with people's relative grading (people saying that their EF Seated Liberty is AU or MS because its old and you "can't expect a coin that old to be in mint state...") and you get coin price guides online that are nowhere near realistic, while those who quote realistic prices are often not linked to (and thus appear lower on Google's searches) because no one likes to be told that their coin their grandpa gave them is really just worth face value instead they go for some way inflated value and inflated grading then get mad that all coin dealers are "rip offs".

 

[That Canadian Guy]

^What he said.^

 

[madwest]

Coin value guides are always laughably bad when it comes to overestimating coin values. Even the Redbook falls into the same trap. Mix that with people's relative grading (people saying that their EF Seated Liberty is AU or MS because its old and you "can't expect a coin that old to be in mint state...") and you get coin price guides online that are nowhere near realistic, while those who quote realistic prices are often not linked to (and thus appear lower on Google's searches) because no one likes to be told that their coin their grandpa gave them is really just worth face value instead they go for some way inflated value and inflated grading then get mad that all coin dealers are "rip offs".

I think it is mostly understood that price guides tend to overestimate/inflate the numismatic value of a coin.

I'm blown away by the linked site though. It is one thing to exaggerate the value of a collectible coin. But come on, 1.5x to 3.5xface for the most plentiful clad half dollar that exists - a coin that no respectable collector considers to have any value over face? That site values all P,D mint halves over face and values the Bicentennial half at $2.00 to $2.50 (if only it were true ).

 

[fistfulladirt]

I know people that have been hoarding the bicentennial quarter since mint. Think I could sell AU rolls on Craigslist for $11? No bites for months.

 

[wolfmann]

Hello All; Some of this is true, I've sold 1986-D's 45.00 each roll. Of course they were solid rolls. Bought 650.00 worth of rolls from the bank. 10 rolls were 86ers Sold them for 450.00 and still had 550.00face left. Thanks for listening.

 

[mts]

Coin value guides are always laughably bad when it comes to overestimating coin values. Even the Redbook falls into the same trap. Mix that with people's relative grading (people saying that their EF Seated Liberty is AU or MS because its old and you "can't expect a coin that old to be in mint state...") and you get coin price guides online that are nowhere near realistic, while those who quote realistic prices are often not linked to (and thus appear lower on Google's searches) because no one likes to be told that their coin their grandpa gave them is really just worth face value instead they go for some way inflated value and inflated grading then get mad that all coin dealers are "rip offs".

I think it is mostly understood that price guides tend to overestimate/inflate the numismatic value of a coin.

I'm blown away by the linked site though. It is one thing to exaggerate the value of a collectible coin. But come on, 1.5x to 3.5xface for the most plentiful clad half dollar that exists - a coin that no respectable collector considers to have any value over face? That site values all P,D mint halves over face and values the Bicentennial half at $2.00 to $2.50 (if only it were true ).

It's not just the prices that are wrong. They say that my 1943 war nickel is 90% silver and 57% copper. They also say my 1942 war nickel is not silver even though some of them were. I'm not sure that I would trust anything on that site. Very amateurish.

 

[SFBayArea]

Put up the coin tracker link when you sell your clad on Feebay.

 

[quiksilver]

Hmm if you doubt they can be worth more then face try buying a regular one at a coin show and see what it costs. One of my local dealers sells them for .75 ea.

 

[sagittarius98]

They say that my 1943 war nickel is 90% silver and 57% copper.

The people must not know basic math.

 

[ivan salis]

100% vs 90 % + 57 % = 147% humm

try 30% silver in a "war nickle" from WW2 era

most coin books are often set at "dealer will try to sell to you " prices --not dealer will offer to buy at prices or "real world prices" of what a normal person might offer you in real life .

anything is only worth as little as you will take for it , and as much as they will give for it --if those two "ends" meet thats what a the item is worth at that time and place between those 2 people , -- a items worth can vary greatly from time to time , place to place and person to person --a glass of water where water is common is worth little , but to a thirsty man in the desert with pockets full of "gold", it could be worth a lot.

 

[Carson Coin Master]

I have to say. From my experience working in the coin business I would have to say that cointrackers.com is a site that puts out more misinformation than truth. For example I had a customer call the store today asking if we buy 1983-D washington quarters. I simply told him, "no" they minted over 600,000,000 there is no silver content in the coin and they are all over the place in circulation. He then proceeds to tell me that cointrackers says that the quarter in question is worth between $11-$42. $11 in poor condition and $42 in excellent condition. After taking a glance in the red book I see that $11 dollars is what you would expect to pay retail for a certified 1983-D in MS-63 condition and $42 in MS-65 condition. So I am assuming that based on the numbers coin trackers is providing and what is printed in the red book the author of these pages are simply taking the lowest number they see and the highest they see in the red book and using those prices as actual value of the coin in poor and excellent condition. I do not believe coin trackers to be a reputable source of information when it comes to coin values. And they do not reflect actual values, based on the current market. There is much better information out there regarding coins and there current values, and in my opinion cointrackers.com is not one of them. If you really want a better guide to actual market values get yourself a membership the the grey sheet. Prices are updated regularly and reflect what you can expect to get for a coin and what you may have to pay for one.

 

[ArkieBassMan]

I still say ebay is the best price guide in existence. An item is "worth" only what you can sell it for - regardless of what any website, book, or anyone tells you its "worth". With ebay you can get a very good idea at about what price range a particular item is currently selling.

 

[CC-Hunter]

I agree with Arkie. When it comes to junk silver, ebay sales prices end up pretty close to spot (probably a little distorted by people using "ebay bucks"). However, I've often wondered whether ebay sales inaccurately price (high or low) any collectible coins that cannot be valued simply by gold or silver content.

 

[sagittarius98]

I have to say. From my experience working in the coin business I would have to say that cointrackers.com is a site that puts out more misinformation than truth. For example I had a customer call the store today asking if we buy 1983-D washington quarters. I simply told him, "no" they minted over 600,000,000 there is no silver content in the coin and they are all over the place in circulation. He then proceeds to tell me that cointrackers says that the quarter in question is worth between $11-$42. $11 in poor condition and $42 in excellent condition. After taking a glance in the red book I see that $11 dollars is what you would expect to pay retail for a certified 1983-D in MS-63 condition and $42 in MS-65 condition. So I am assuming that based on the numbers coin trackers is providing and what is printed in the red book the author of these pages are simply taking the lowest number they see and the highest they see in the red book and using those prices as actual value of the coin in poor and excellent condition. I do not believe coin trackers to be a reputable source of information when it comes to coin values. And they do not reflect actual values, based on the current market. There is much better information out there regarding coins and there current values, and in my opinion cointrackers.com is not one of them. If you really want a better guide to actual market values get yourself a membership the the grey sheet. Prices are updated regularly and reflect what you can expect to get for a coin and what you may have to pay for one.

Very well said.

 

[Jdett411]

You guys don't know what your talking about. They can't put anything on the Internet that isn't true. BONJOUR!!!!!!!

 

[baddbluff]

I still say ebay is the best price guide in existence. An item is "worth" only what you can sell it for - regardless of what any website, book, or anyone tells you its "worth". With ebay you can get a very good idea at about what price range a particular item is currently selling.

I agree 100%. I track auctions of any pricey coin before I buy it. Then I know exactly how much I should be paying for it - and what I should be able to get for it if I need to sell. Other price guides are exactly that - "guides."

 

[cooper36]

They are only worth what someone is willing to pay.

 

[admrose]

Halves are worth .50 unless they're silver. Even proofs only sell for $3-$5 on eBay.

 

[sagittarius98]

Halves are worth .50 unless they're silver. Even proofs only sell for $3-$5 on eBay.

MS halves, proofs, and errors are worth more than 50 cents.