Message:

<p>[QUOTE=&quot;GDJMSP, post: 184425, member: 112&quot;]No, they don&#039;t. From the PCGS Price Guide - </p><p><br /></p><p>&quot; The prices listed in the PCGS Price Guide are the average dealer asking prices for properly graded United States coins. The prices are compiled from various sources including dealer ads in trade papers, dealer fixed price lists, significant auctions, and activity at major coin shows. Prices for the most actively traded coins are updated daily. Other issues are updated as needed. All prices are reviewed at least once a month. &quot;</p><p><br /></p><p>Now then, who here has not seen greatly varying prices when looking at coins offered by dealers ? Dealer A may be asking $625, dealer B asking $525 and dealer C asking $700. Yet all of the coins are the same coin graded the same by the same company - why the difference ? Easy, because that&#039;s what they are asking - simple as that.</p><p><br /></p><p>But when PCGS quotes thier values, they say they use an average - horsepuckey. If you took the time to do the searching what you would find is that they use the single highest asking price, the single highest realized auction price and the single highest recored price at a coin show. They do this for one reason - it&#039;s the same reason all of the price guides do it - because it stimulates more business.</p><p><br /></p><p>If collectors think that coins are worth more, they will submit more of them for slabbing - that generates more fees for the TPGs. If collectors think that coins are worth more, they will buy more coin magazines and price guides. If collectors think that coins are worth more because dealer asking prices are high - they will visit the coin shops more often and buy more coins, at the higher prices. </p><p><br /></p><p>No, forget the price guides - <u><b>any price guide</b></u> ! Base your assumed values for any given coin on the <u>average</u> of realized auction prices for any given coin in any given grade - nothing else ![/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in