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<p>[QUOTE=&quot;GDJMSP, post: 3012676, member: 112&quot;]Best On Line Price Guide</p><p><br /></p><p>Here&#039;s the problem with price guides, but rather than just explain it in words I&#039;m going to use an illustration this time.</p><p><br /></p><p>For example, say you wanted to find the value of an 1885-CC Morgan in MS63. If you go to Heritage and do that by searching their auction archives, you can also choose to sort the results by Most Recent Sales. So, you do just that and then you pick one to look at more closely. You&#039;ll then see what that specific coin sold for, but if you scroll down just a bit you&#039;ll also see this.</p><p><br /></p><p>[ATTACH=full]747362[/ATTACH]</p><p><br /></p><p><br /></p><p>That&#039;s a screen shot of what <u>all the most popular price guides</u> say that coin is worth. As you can see there&#039;s 10 different values listed there for just that 1 coin, in that specific grade. And those values vary from $550 to $965 - that&#039;s quite a spread - with the highest being almost double what the lowest is !</p><p><br /></p><p>That&#039;s the danger of using price guides - they are all over the map ! And it readily explains why people grossly over-pay for the coins they buy - because they choose to use price guides !</p><p><br /></p><p>Think I&#039;m up in the night ? Well, here&#039;s what the actual coin sold for -</p><p><br /></p><p>[ATTACH=full]747365[/ATTACH]</p><p><br /></p><p><br /></p><p>Now just imagine what you would have bid on that coin if you had been using one of the price guides that oh so many know and trust like the NGC price guide $965, or PCGS $775, or Numismedia $820. Even if you had gone with the lowest of the 3 you still would have grossly overpaid, or at the least overbid, for the coin !</p><p><br /></p><p>That&#039;s the problem with price guides ! They are all, every single one of them, worthless. Worse than worthless even, they are harmful - to you !</p><p><br /></p><p><br /></p><p>And if anybody is thinking I picked 1 specific coin to make my point, well guess again. Here is another screen shot you can see on the the same page. Other recent auctions, same coin, same grade - </p><p>[ATTACH=full]747368[/ATTACH]</p><p><br /></p><p><br /></p><p>[ATTACH=full]747369[/ATTACH][/QUOTE]</p><p><br /></p>

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