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Are PCGS CoinFacts survival numbers accurate?
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<p>[QUOTE="GDJMSP, post: 2387343, member: 112"]Yeah it happens, and arguably more often than it should. The reason it happens is that coin books (reference works) are sometimes inaccurate. The reasons they are inaccurate is because to a large degree the information presented in coin books is based on the author's source material. And sometimes that source material is quite old, or even inaccurate itself. </p><p><br /></p><p>Of course the only way that one can tell that the information presented in a coin book is inaccurate is when one knows enough to begin with about the coins in question so that they can recognize that the book is inaccurate. And what you're talking about, is a good example of that <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" /></p><p><br /></p><p>I've experienced it myself on numerous occasions. One I've posted about previously was a coin where the definitive reference stated only 2 examples of that coin were known to exist, with a possible 3rd example rumored but unconfirmed. Well I found the 3rd example, mis-attributed in a large auction catalog and I bought it. And over the course of the next two years, between myself and one of my current students, we found a total of 7 of those coins. By the time it was done he and I owned 3 of them. </p><p><br /></p><p>The lesson is pay attention, know your material (what you collect) - it might just pay off, and in more ways than one.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 2387343, member: 112"]Yeah it happens, and arguably more often than it should. The reason it happens is that coin books (reference works) are sometimes inaccurate. The reasons they are inaccurate is because to a large degree the information presented in coin books is based on the author's source material. And sometimes that source material is quite old, or even inaccurate itself. Of course the only way that one can tell that the information presented in a coin book is inaccurate is when one knows enough to begin with about the coins in question so that they can recognize that the book is inaccurate. And what you're talking about, is a good example of that ;) I've experienced it myself on numerous occasions. One I've posted about previously was a coin where the definitive reference stated only 2 examples of that coin were known to exist, with a possible 3rd example rumored but unconfirmed. Well I found the 3rd example, mis-attributed in a large auction catalog and I bought it. And over the course of the next two years, between myself and one of my current students, we found a total of 7 of those coins. By the time it was done he and I owned 3 of them. The lesson is pay attention, know your material (what you collect) - it might just pay off, and in more ways than one.[/QUOTE]
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Are PCGS CoinFacts survival numbers accurate?
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