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<p>[QUOTE="johnmilton, post: 3929002, member: 101855"]I think that the leading grading companies have more influence on the U.S. coin market than anything thing else. Before a price can be assigned, most collectors are tied to the number on the holder. After that the price guides and auction results kick in. </p><p><br /></p><p>So far price guides are concerned, I am not as dismissive of them as some people are. They have a purpose, and collectors ignore them at their peril.</p><p><br /></p><p>For example, there are a few dealers who charge prices that are well over the price guide numbers. This might be legitimate for rare items that are seldom traded, but for most “vanilla, run of the mill coins,” the price guide (and it is a guide and not a number carved in stone) is something you need to consider.</p><p><br /></p><p>For example, if a dealer is asking $950 for a 1926 quarter eagle in a PCGS MS-63 holder that is on the Grey Sheet for $400, the chances are very high that you should pass. The only way a deal like that can work is if the piece is massively under graded.</p><p><br /></p><p>There are dealers at the shows who price their material in this way. I don’t know how they stay in business, but they do. Collectors need the guides to protect themselves from getting stuck.[/QUOTE]</p><p><br /></p>
[QUOTE="johnmilton, post: 3929002, member: 101855"]I think that the leading grading companies have more influence on the U.S. coin market than anything thing else. Before a price can be assigned, most collectors are tied to the number on the holder. After that the price guides and auction results kick in. So far price guides are concerned, I am not as dismissive of them as some people are. They have a purpose, and collectors ignore them at their peril. For example, there are a few dealers who charge prices that are well over the price guide numbers. This might be legitimate for rare items that are seldom traded, but for most “vanilla, run of the mill coins,” the price guide (and it is a guide and not a number carved in stone) is something you need to consider. For example, if a dealer is asking $950 for a 1926 quarter eagle in a PCGS MS-63 holder that is on the Grey Sheet for $400, the chances are very high that you should pass. The only way a deal like that can work is if the piece is massively under graded. There are dealers at the shows who price their material in this way. I don’t know how they stay in business, but they do. Collectors need the guides to protect themselves from getting stuck.[/QUOTE]
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