| There are many coin price guides
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| | guide; which is that the Grade that YOU
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| published; weekly, bi-weekly, monthly and
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| | decide upon, is True or Accurate, and
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| annually. They come in the form of
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| | that such Grade is based on the ANA
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| magazines, newsprint, "hot sheets", and
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| | Standards.
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| books. All of us have referred to one of
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| | The first difficulty that arises is that
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| these from time to time to ascertain what
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| | most people never know if the Grade that
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| a particular coin might be worth. Yet,
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| | they have decided upon is Accurate. Of
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| few of us stop to think about what we are
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| | course, this difficulty never comes into
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| getting from any one of these Price
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| | question, if the coin is Professionally
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| Guides, beyond the price or value of a
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| | Graded by an appropriate company. There
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| coin. After all, don't price guides, just
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| | are only four (4) reputable Professional
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| give you the price? What else is there?
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| | Grading companies that strictly follow
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| Basic to an understanding of price guides
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| | the Guidelines set by the ANA, and they
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| are two things: 1) the Grade of the Coin;
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| | are: PCGS, NCG, ICG, and ANACS.
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| and 2) the Foundation of the price guide.
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| | The second difficulty arises because of
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| Knowing the Grade of the Coin is required
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| | this "silent assumption" or Foundation of
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| before one can begin. Saying so seems to
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| | all price guides is whether or not the
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| be obvious, but what more does it mean?
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| | Grade has been decided upon using the
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| Unless the coin is Graded by an
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| | Guidelines or Standards established by
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| appropriate Professional Grading Company,
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| | the ANA. If you don't have the skills and
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| which has designated what Grade and
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| | training of a professional coin grader,
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| Identity has been assigned to the coin,
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| | the decision is probably questionable.
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| most of us are making an assumption about
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| | Even if you do have the skills and
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| the actual Grade. This assumption we make
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| | training of a professional coin grader,
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| can be very dangerous because of: a) the
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| | the decision is still probably
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| difficulty in grading a coin; and, b) the
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| | questionable. Why? Because even
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| different possible outcomes or results
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| | professional coin graders have differing
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| that occur. One Grade "point" or level
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| | opinions. This is why the reputable
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| can make the difference in hundreds or
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| | professional coin grading companies
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| thousands of dollars in the Value of a
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| | require the opinions of three (3)
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| Coin.
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| | professional coin graders to arrive at
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| Price Guides assume that YOU already Know
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| | the "Grade" designation to be placed on
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| the Grade of the Coin. This is why we
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| | every coin.
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| have the First Rule of Coin Collecting:
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| | The obvious conclusion is that a Serious
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| Know the Grade of Your Coin.
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| | Coin Collector is going to invest in rare
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| Secondly, ALL Price Guides are founded on
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| | and modern coins that are graded by one
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| the same Principle, which is that the
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| | of the Top Four reputable Grading
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| Coin, whose price you are looking up, has
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| | companies. It is the only certain way to
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| been Graded using one Grading Standard.
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| | eliminate the disagreements and arguments
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| That Grading Standard is set by the ANA -
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| | about the Grade of Any coin being Bought
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| American Numismatic Association - and is
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| | or Sold! It is the only certain way one
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| entitled the Official Grading Standards
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| | can Value their coin collection. It also
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| For US Coins.
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| | eliminates "getting taken" or cheated
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| Therefore, ALL Price Guides have a
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| | buying raw coins.
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| "silent assumption" built in to their
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| | Have fun collecting your Perfect Coins!
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