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<p>[QUOTE=&quot;bernard55, post: 8137535, member: 114733&quot;][USER=76863]@baseball21[/USER] this thread is incredible and exactly the type of understanding I was hoping for--a summary of his comments below.&nbsp; Thank you for pointing it out. John Feigenbaum, President, CDN Publishing, gets an A+ for transparency. The &#039;1843 liberty seated 25c&#039;shows he is true to his word.&nbsp; Hope NGC/PCGS&#039;s new leadership becomes this transparent.</p><p><br /></p><p>&quot;We really don&#039;t use a formula. I would simply state that we use a &quot;mark to market&quot; strategy. Specific prices can change based on recent sales of the same item, of that type in general, or more-broadly the entire market, Everything matters. For example, if the last 5 7-figure coins have sold at higher levels than in recent years, we aren&#039;t surprised when the 6th one follows suit. On the contrary a declining market will make us more aggressive about following price down. Fortunately, we are currently in a bullish market overall at this time.&quot;</p><p><br /></p><p>&quot;coins that trade frequently (think common MS66 CC Morgan dollars) are influenced heavily by their most recent trades (90 days). It doesn&#039;t matter much what they sold for 3 years ago.&quot;</p><p><br /></p><p>&quot;A coin that doesn&#039;t trade often has fewer comparison points and we look harder at the quality, but we still believe that the most recent sale is the most relevant.&quot;</p><p><br /></p><p>&quot;In the absence of a market bid on CDN Exchange for a specific coin, and/or relevant CAC auction records we will generally assign a 15%-20% premium to a CAC coin. Frankly, in most cases, this probably isn&#039;t enough but we are conservative by nature. Meaning we&#039;d rather set a price lower than higher until we have more data.&quot;[/QUOTE]</p><p><br /></p>

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