Collection values.

  My total collection value has skyrocketed approximately 35% the past 3 months although I have not added not nearly as much to my existing collection. Perhaps a few percentage at best.  My new estimated collection value is flattering but not really important to me. I just thought there must either be  a reasonable explanation for this or possibly a bug in which the total value is calculated. Thanks in advance.

Hello,

We made a change in the calculation of coin estimates yesterday (see https://en.numista.com/forum/topic145285.html#p1155781), which lead to a big increase of the estimate of some gold and silver coins which were under-estimated. Can it be related?

Thanks for the response Xavier . Yes, I took a closer look. What I see now are premiums above melt value that seem to be a little steep in the lower grade coins. Say G, VG, F, VF. for instance. Just one example. A very common U.S. 1921 Morgan dollar in Fine condition is now valued at $35 U.S. I don't know many collectors who would pay this premium above melt ($24.02)for a very common coin in that condition. I think the pendulum has swung a little too far on average for these lower grade coins and these values are unrealistic in the marketplace or as an estimated value. Again, thanks for your time.

-Harry

Edit: I just noticed  NGC and PCGS have done the very same thing with similar values at these low grades. Perhaps I am just wrong, or it's my age and I should just enjoy my very sudden windfall.  Overnight I might add. 

“Inflation is not that bad and it's coming down”

-Joe Biden

I guess It depends on who you ask. The buyer or the seller.

SOLVED -  Please refer to this thread.

https://en.numista.com/forum/topic145285.html