Following the PCGS announcement late last year that CoinFacts would be available to hobbyists for free, competitor NGC has launched a nifty, enhanced price guide that contains many of the same features as CoinFacts, with graphics, census data, and auction prices.
In a news release earlier this month, NGC claimed that its U.S. Coin Price Guide is faster and easier to use–on computers, tablets, and smartphones.
I tried it. The company is correct.
When you log on to the price guide, you locate your coin type from a table of images, making the selection easier and more visually appealing than if mere text or URLs were used, as in the typical guides.
A brief tutorial loads when the guide and the improved NGC Census are accessed the first time. Technically, the tutorial is too basic for the regular Coin Update reader, but it just might prove handy for hobbyists who only recently began using the Internet for coin buying, selling, and research.
When you open the link to the series and date of your choice, you get a stream of data in addition to the prices. These include whether a particular date is rising or falling in value. And if you are looking for a specific coin, there are links to eBay auctions. Here’s what a denomination page looks like:
Another link off of the “resources” tab on the NGC home page takes you to “Auction Central,” where you can research latest auction prices for specific coins. Here is what that looks like:
And when you select a specific date, you get more data streams, charts, and auction prices:
In sum, NGC has technically matched PCGS’s CoinFacts, which I have used for years as one of the first subscribers to the utility at $99 per annum. Also, both NGC and PCGS certification verification pages link to the price and auction values.
As most hobbyists know, the NGC Price Guide and PCGS CoinFacts should be used only for coins holdered by those companies. Too many online auctions have cited these prices inappropriately for bottom-tier and self-slabbed coins.
Before bidding on eBay, Proxibid, or other online outlet, check auction prices via these guides for NGC and PCGS Coins. (CoinFacts also lists auction prices for ANACS and ICG coins, which is why I still prefer the PCGS service, especially since I use the company for crossover submissions.)
Auction prices will give you an idea of how high you might like to bid on a particular coin. My advice is not to pay retail prices when you can usually win the same coin at lower auction bids.
Never before have hobbyists had so much data at their fingertips. CoinFacts has improved my bottom line over the years because I had access to its auction prices and information. I was more than willing to pay for it, too. Now that CoinFacts and NGC Guide Price are free, try both out and see which one you prefer.
When you do, let us know in the comment section below.