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<p>[QUOTE="GDJMSP, post: 2801094, member: 112"]It seems that every time I use these graphs somebody tries to explain away their significance, their validity, by saying that the PCGS indexes are not a valid indicator of the "true market".</p><p><br /></p><p>Well HawkeEye, the point your missing is this, the coins that the PCGS indexes track are the coins that are most collected, the coins that make up the majority of the coin market. That's why those coins were chosen when the indexes were created.</p><p><br /></p><p>For example, in the Morgan and Peace dollar index, yes they track every Morgan, every date & mint, in grades ranging from 63 to 66 and a some but not all of them in 67. And those are exactly the grades in which most collectors collect those coins. The overwhelming majority of all Morgans being collected are graded from between 63 and 66, with some 67s thrown in there.</p><p><br /></p><p>To see the proof of this all one needs to do is look at the pop report. Look at the numbers for the totals of MS grade coins. The overwhelming majority of all Morgans graded are either 63 or 64. In point of fact, the number of coins for either one, 63 or 64, all by itself, far surpasses the total of all other grades combined. And when you combine the number of coins graded 63 & 64 together - well, that pretty much IS the market.</p><p><br /></p><p>[ATTACH=full]653003[/ATTACH]</p><p><br /></p><p><br /></p><p>Now look at the numbers for the VF20-AU58 coins.</p><p><br /></p><p><br /></p><p>[ATTACH=full]653004[/ATTACH]</p><p><br /></p><p><br /></p><p><br /></p><p>There is no comparison, the truth of what I am saying is right there and plain to see.</p><p><br /></p><p>So it's pretty dang hard to claim that the PCGS index isn't a valid indicator of the true market for Morgan dollars. In fact I'd say it's impossible to make such a claim given the facts. And keep in mind, none of this is "my information". Every bit of it comes directly from PCGS themselves.</p><p><br /></p><p>And no, none of this information reflects the reason or reasons as to why the coin market moves up or down. But then the reason doesn't really matter. The only thing that really matters, in this discussion anyway, is what the market is actually doing ![/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 2801094, member: 112"]It seems that every time I use these graphs somebody tries to explain away their significance, their validity, by saying that the PCGS indexes are not a valid indicator of the "true market". Well HawkeEye, the point your missing is this, the coins that the PCGS indexes track are the coins that are most collected, the coins that make up the majority of the coin market. That's why those coins were chosen when the indexes were created. For example, in the Morgan and Peace dollar index, yes they track every Morgan, every date & mint, in grades ranging from 63 to 66 and a some but not all of them in 67. And those are exactly the grades in which most collectors collect those coins. The overwhelming majority of all Morgans being collected are graded from between 63 and 66, with some 67s thrown in there. To see the proof of this all one needs to do is look at the pop report. Look at the numbers for the totals of MS grade coins. The overwhelming majority of all Morgans graded are either 63 or 64. In point of fact, the number of coins for either one, 63 or 64, all by itself, far surpasses the total of all other grades combined. And when you combine the number of coins graded 63 & 64 together - well, that pretty much IS the market. [ATTACH=full]653003[/ATTACH] Now look at the numbers for the VF20-AU58 coins. [ATTACH=full]653004[/ATTACH] There is no comparison, the truth of what I am saying is right there and plain to see. So it's pretty dang hard to claim that the PCGS index isn't a valid indicator of the true market for Morgan dollars. In fact I'd say it's impossible to make such a claim given the facts. And keep in mind, none of this is "my information". Every bit of it comes directly from PCGS themselves. And no, none of this information reflects the reason or reasons as to why the coin market moves up or down. But then the reason doesn't really matter. The only thing that really matters, in this discussion anyway, is what the market is actually doing ![/QUOTE]
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