I am new to coin collecting, but love it! My favorite pasttime is going to Heritage auctions, enlarging the pictures of coins, and guessing their grade - so far not too bad. My question is: can someone explain to me what the CDN Certfied Coin Market Indicator is on the Greysheets and how it can be used in buying and trading coins? I called CDN and someone gave me a very quick and curt answer and I am still far from understanding. Thanks!!
Still cant understand what they meant?? Well looks like they were talking too fast for you. I don't know anything about CDN
I think they take a group of coins : one set UNC, one set circulated (don't remember the grade) and compare the prices the coins sold for and then compare that to last months prices realized. This indicates a price trend.
Well for example PCGS might have a percentage of 78%, NGC 77% and a lower TPG might have a percentage of 28%. What does that tell me? Tx
I always figured that was the percent of PCGS priceguide that people paid for a coin. I just got my first monthly greysheet though. Still learning.
ICG's percentage is about 10% higher than ANACS' but not as high as NGC or PCGS. Interesting . . . I keep hearing that ANACS is in the top three not ICG (but ICG is close).
