NGC Weekly Market Report

Discussion in 'US Coins Forum' started by Kentucky, Mar 17, 2017.

  1. Kentucky

    Kentucky Well-Known Member

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  3. V. Kurt Bellman

    V. Kurt Bellman Yes, I'm blunt! Get over your "feeeeelings".

    Who says moderns are boring? That seems to be where the big moves are (up and down) in non-gold.
     
    Kentucky likes this.
  4. Kentucky

    Kentucky Well-Known Member

    Yeah, Kurt, now just tell me how to predict them and we'll make a killing.
     
  5. GDJMSP

    GDJMSP Numismatist Moderator

    Even if ya could accurately predict them - not likely to make a "killing". You may however be the one getting "killed". :)
     
  6. Bambam8778

    Bambam8778 Well-Known Member

  7. GDJMSP

    GDJMSP Numismatist Moderator

    Ehhh, not really. That's because if you read their disclaimer their results are based entirely on what they are calling "average dealer asking prices". The reason that's important is because it is the norm to find dealers all over asking widely different prices for the same coin. And when I say widely I mean widely ! It is not unusual at all to find one dealer asking say $500 for a coin and another asking $,1000, or more, for the very same coin.

    And if you understand where these "dealer asking prices" come from, (which is the electronic dealer markets most of the time), then it's also easily understood how these changes in "price" can be accounted for.

    Put another way, it's all an illusion. You see a dealer can "ask" anything he wants, anytime he wants - but that doesn't mean he's going to get it !

    This is why when it comes to real world coin values the only thing that actually matters are realized prices - not asking prices.
     
  8. Kentucky

    Kentucky Well-Known Member

    To be honest, I never read that, I naively assumed these were selling prices...see what we get when we assume...
     
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