I'm confused

[abe]

On another forum they have an auction section and in this section was a 2002-D Sac. $1 PCGS certified MS-67. I checked Numismedia prices and it has $25 for a MS-67, I bid on the coin a won it for $4 + $2.50 shipping. I'm all smiles right ,
Wrong, I ask one of my favorite coin companies what their buy and sell price was for this coin and they say they would purchase it for $3 and sell it for $5.
See why I'm confused, does Numismedia need to be updated or am I missing something here?
I think its still a great buy for an MS-67, so what do y'all think?

[fb101]

Their prices are always high, but this is the worst percentage I've ever heard.
The grading alone probably cost a minimum 5 bucks, so it was still a good buy.

[sanitarium_inmate]

even PCGS has it at $43.

[bman]

in the December issue of Coin Wold - coin values the 2002-D in MS67 lists for $60

[abe]

I'm starting to wonder if I was given an improper estimation on buy & sell prices. Maybe they got their numbers twisted somehow.

[just carl]

Coins do NOT have a manufacturers list price tagged on them. Anyone, anywhere, anytime can price a coin for anything they want. For what you paid for any coin in a PCGS slab, you came out way ahead. I really wouldn't have even looked up any possible values for that coin for what you paid since it usually costs a lot more to have it graded.

[abe]

Here it is finally got a pic.

[sanitarium_inmate]

Coins do NOT have a manufacturers list price tagged on them. Anyone, anywhere, anytime can price a coin for anything they want. For what you paid for any coin in a PCGS slab, you came out way ahead. I really wouldn't have even looked up any possible values for that coin for what you paid since it usually costs a lot more to have it graded.

I have to agree here. Like many others have said about collectible coins, "They are only worth what someone is willing to pay for them".

[rakattack]

The reason why these kinds of deals come through is when a dealer sends in a large bulk of (in this case Sac $1) hoping to get a super high grade, whatever is a nuclear price for the coin.

The rest (that don't make the grade) which is what you bought, is sold off to recuperate losses.