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<p>[QUOTE=&quot;GDJMSP, post: 8078636, member: 112&quot;]I can&#039;t speak for others but I have never claimed that realized auction prices were a panacea, I think panacea is a bit too strong of a word. But they are without a doubt the best option available to collectors when it comes to determining the current price range of a given coin. But it needs to be understood that you only use the realized prices from recognized auction houses. Put another way, you completely ignore ebay !</p><p><br /></p><p>As for dealers and auctions, coin dealers are the most common buyers, and sellers, there are in coin auctions. That&#039;s what makes realized auction prices valuable as a source to collectors. 80% or more of all coin transactions that take place each and every day are dealer to dealer transactions.</p><p><br /></p><p>What collectors need to realize is that coin dealers are, and always have been the ones who determine the current price range, the real world value, of a coin because they are the ones doing the vast majority of all buying and selling.</p><p><br /></p><p>In the old days collectors used to be able to pay for access to the electronic dealer market, they could see the current bids and asks. And buy and sell there if they wished. And for those who couldn&#039;t afford to do that, they could buy the CDN, which gave the same thing, but only once a week. So they (collectors) knew, with a degree of certainty, what a given coin was worth at a given time. </p><p><br /></p><p>But then some years ago the electronic dealer markets changed the rules and collectors could no longer pay for access to them. And then not too long after that the CDN changed the way they do things, they stopped listing the actual bid and ask prices on the electronic dealer markets. And instead they began listing values based on opinion, just like all other price guides do. So collectors no longer had access to the real world info that way either. </p><p><br /></p><p>In today&#039;s world the only option to collectors that&#039;s worth anything is by tracking realized auctions prices yourself for only then can you see the current, real world, price range for any given coin.[/QUOTE]</p><p><br /></p>

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