Worl Coin Prices lauched by NGC

[4kids 10]

It does appear as the South Africans again missed the boat on an oppertunity.

 

I received a newsletter from NGC earlier today with the heading

 

NGC introduces the World Coin Price Guide

 

Already a number of South African Coins listed here and without doudt will grow day by day as they update the FREE, yes FREE guide.

 

Have a look by clicking the following link

 

NGC introduces the World Coin Price Guide

[Pierre_Henri 94]

Not There Yet ........

 

Hi Jan

 

I wonder where they get their coin values and minting figures from?

 

I did a quick check / comparison regarding the ZAR Pennies against NGC, Hern and my own Bid-or-Buy sales stats (for graded coins) over the past 18 months.

 

In XF Paul Kruger Pennies

 

1892 Penny

 

NGC (XF40) = R280

Hern (XF) = R4000

My stats (XF40) = R700

 

1893 Penny

 

NGC (XF40)= R840

Hern (XF) = R15000

My stats (XF40)= R2600

 

1894 Penny

 

NGC (XF40) = R490

Hern (XF) = R2250

My stats (XF40) = R1000

 

1898 ZAR Penny

 

NGC (XF40)= R105

Hern (XF) = R1000

My stats (XF40) = R300

 

Even more strange is the NGC minting figures for these coins

 

Penny 1892 = NGC = 83 000 vs Hern = 27 862

Penny 1893 = NGC = 11 000 vs Hern = 54 781

Penny 1894 = NGC = 182 000 vs Hern = 10769

Penny 1898 = NGC = 263 000 vs Hern = 262 830

 

Strange days indeed?

 

Pierre

[Patricia_Gert 10]

Good day all,

 

I also had a quick look at this last night (only the ZAR coins), and yes, Pierre I agree their information is currently way off.

 

The NGC prices are way to low comparing to what the coins are actually selling for. However, I would love to be able to buy the coins at their listed prices!! ;-)

 

The NGC website mentions that: "Created by NGC and Krause Publications’ NumisMaster", so I presume Krause might provide some information to NGC?

 

However, I am sure that with time these "errors" will be corrected and we should see a more accurate indication of coin values.

 

Kind Regards

Gert

[jwither 17]

Do not count on it. Most likely, the values are taken from the US Krause catalog. For pricing, I consider it worthless.

 

It is simply not economical for NGC or anyone else to provide current prices from actual sales The cost would not be justified.