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<p>[QUOTE=&quot;National dealer, post: 21766, member: 487&quot;]Let me expand a thought on price guides or books: </p><p><br /></p><p>The sole purpose of any guide is to give you a general idea of what a given item is selling for. Dealers routinely refer to their greysheet as a basis to find what the general market is doing. </p><p>A high end dealer with a stack of wantlists will pay more, while the local coin shop will pay less. There are many type of dealers here in the states, and we all conduct our business slightly different. </p><p><br /></p><p>As an example, key date coins usually trade near suggested prices as they are sought after by the majority of the market. </p><p><br /></p><p>Coin grading is a major factor in considering value. Just because X coin grading company states that a particular coin is MS-65 does not mean that the dealer will agree, nor any collector. All grading companies are not created equally either. Some in the past have been hit hard by the courts for suggesting values not readily accepted in the market place. </p><p><br /></p><p>It is for this reason that I suggest that no coin be used for investment purposes. </p><p><br /></p><p>When you factor in that grading scales have changed several times, and will so again, it makes the investment angle even harder. Until very recently the perfect coin was a myth at best. Now, several companies routinely slab coins in MS and PR 70. How will this effect the market? Who really knows? </p><p>Now key dates have consistently made gains over the years, yet at any time this can change. If you rush out and buy the 1909-S VDB Cent in MS-66 Red because it has a proven track record in the market does not translate that it will be tomorrow. If the grading standards change again, your MS-66 Red could be viewed in the market as MS-65. This would hurt the value considerably. </p><p><br /></p><p>A year ago, a 1963 Proof 70 Cent sold for over $30,000 at auction. Many did not believe that the coin could hold its grade or value, and today that coin sits in a PCGS vault because it did not hold that grade. </p><p><br /></p><p>Investors flock to coins each time the stock market changes. While it is good for the top 1% of the hobby, it should not be viewed as a market tool. </p><p><br /></p><p>Dealers make their money in this business by turning over coins. None of us sit on material to give a substantial baseline for the information in which you are seeking. For every collector that makes money when reselling their coins, there are thousands that lose money. </p><p><br /></p><p>The only way to &quot;WIN&quot; in this hobby is to collect coins for the sheer pleasure of owning the coin.[/QUOTE]</p><p><br /></p>

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