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<p>[QUOTE=&quot;GDJMSP, post: 3925144, member: 112&quot;]Do price guides run the market ?</p><p><br /></p><p>I&#039;m tempted to say that for the average collector answering questions like this are kinda like trying to work your way through a minefield - while wearing a blindfold with your hands tied behind your back. Getting through the minefield successfully under those conditions would probably be easier.</p><p><br /></p><p>Why would I say that ? Because I believe that most folks don&#039;t realize the correct answer is a resounding no !</p><p><br /></p><p>In the first place price guides, all of them are worthless. They&#039;re worse than worthless, they are even harmful because they are chock full of bad information. In the second place price guides only have any effect at all on about 20% of the coin market. That&#039;s because the only people who ever even look at them are collectors. Every purchase and sale that is made by a collector, in all venues combined, only comprises about 20% of the coin market. </p><p><br /></p><p>The other 80% of the market, is composed of dealer to dealer transactions - and dealers don&#039;t ever look at the price guides because they know they&#039;re worthless. The only things dealers ever look at and pay any attention to is the electronic dealer market.</p><p><br /></p><p>That&#039;s what runs the coin market ! That&#039;s what determines whether prices go up or down.[/QUOTE]</p><p><br /></p>

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