NGC site - pricing anomalies

8 posts
I think this subject recently came up, but I was unable to find it when searching the forum--my apologies if so.

Today when researching the NGC world coin site, I found a strange anomaly where the VF prices are higher than the XF prices:
https://www.ngccoin.com/price-guide/world/algeria-100-dinars-km-132-1413-1992-ah1425-2004-cuid-1041444-duid-1233940

I know I had looked up this coin last month, but don't remember seeing the anomaly then. Does anyone know why this is happening, and if it's a common discrepancy?
Yea, I've seen it a few times for random different coins. Wouldn't pay much attention really.
I've seen it lots of times...and they always seem to be listed as $20.00. I'm wondering if they're supposed to be listed as $2 instead
It does not necessarily mean $2. It is an arbitrary number. It could be any number.
I think when you see a sudden jump up to $20, it is a placeholder value that is meant to represent "melt value". For silver coins of course. We see a similar value for gold, but it is $1350. It makes me wonder if they are using a value that is supposed to be linked to the current metal prices and adjusted by the actual PM weight of the coin, but it isn't fully implemented yet so they are using a placeholder constant based roughly (a bit above) the price of an ounce of silver/gold.
That would make sense Here's an example https://www.ngccoin.com/price-guide/world/finland-25-penni%C3%A4-km-6.2-1872-1917-cuid-1119773-duid-1246391
NGC Pricing seems to be very wrong in most of the majority of coins I have ever looked up. Typos or not, the pricing they have is more like a guess than fact for world coins.
Restoration addict : Verdigris Removal : Zinc White spot removal : Iron Rust Removal : Silver brooch/necklace mount Removal
Quote: "Fluke"​NGC Pricing seems to be very wrong in most of the majority of coins I have ever looked up. Typos or not, the pricing they have is more like a guess than fact for world coins.
​They use the values from the K&M Standard Catalog of World Coins. Individual sales of course will differ from catalog value, the catalog values representing an average of reported sales.

» Forum policy

Used time zone is UTC+2:00.
Current time is 08:48.