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Greysheet VS What you pay for coins
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<p>[QUOTE="Burton Strauss III, post: 3085601, member: 59677"]You also need to recognize that the compilers of the various price guides have a vested interest in continuing study or an upward climb.</p><p><br /></p><p>Let's say they recognize that the value of the coin is really $100 too high in the price guide.</p><p><br /></p><p>If they drop it from 300 to 200, the press is going to go OMG the value of rare coins is cratering. News articles heavy downward pressure... the old if it bleeds it leads.</p><p><br /></p><p>If they start dropping it slowly say 10 bucks a month for the next 10 months they're going to get the same reaction:OMG the value of rare coins is cratering with the added bonus headline: quick sell now before it goes down further.</p><p><br /></p><p>So they keep the prices steady until such time as hopefully they can raise them a bit.[/QUOTE]</p><p><br /></p>
[QUOTE="Burton Strauss III, post: 3085601, member: 59677"]You also need to recognize that the compilers of the various price guides have a vested interest in continuing study or an upward climb. Let's say they recognize that the value of the coin is really $100 too high in the price guide. If they drop it from 300 to 200, the press is going to go OMG the value of rare coins is cratering. News articles heavy downward pressure... the old if it bleeds it leads. If they start dropping it slowly say 10 bucks a month for the next 10 months they're going to get the same reaction:OMG the value of rare coins is cratering with the added bonus headline: quick sell now before it goes down further. So they keep the prices steady until such time as hopefully they can raise them a bit.[/QUOTE]
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