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<p>[QUOTE="ToughCOINS, post: 1963275, member: 20480"]I find many parallels between what Vic does and what I do, and think he is dead-on with his advice.</p><p> </p><p>I find that dealers who rely heavily on the GS / BS (both buying and selling) are less in touch with the true market value of really rare coins, and trade much more in wares that are available in greater quantity . . . common Morgans, Walkers, proof sets, mint sets, common-dated type coins, etc. The reason is that knowledgeable sellers of rare coins know the GS / BS is too low on the truely rare stuff, so the dealer who uses the sheets as a crutch often fails to buy that kind of inventory when it is presented to him.</p><p> </p><p>There is quite a disconnect between GS / BS and the real value of truely scarce and rare coins, and it is unlikely that CDN Publications will ever close that gap. It is simply too expensive of a proposition for them, based on their current business model. They provide weekly updates to the market for the most commonly traded issues, quarterly for those trading least, and monthly for those trading at a more moderate pace.</p><p> </p><p>While the CDN is the market benchmark for coins covered in the Weekly issue, and are pretty decent in the monthly, I personally consider their pricing performance in the quarterly issues to be a disservice to the industry. Much of the data in the Quarterly issues is grossly inaccurate, and leaves unaware buyers believing they are being gouged by sellers in the know, and savvy sellers feeling low-balled by dealers having bad information.</p><p> </p><p>Unless and until CDN Publications decides that their market position is jeopardized by this shortcoming, things are unlikely to change.</p><p> </p><p>As for me, I'll continue looking for current pricing everywhere I can find it . . . after all, that's what they should be doing, isn't it?[/QUOTE]</p><p><br /></p>
[QUOTE="ToughCOINS, post: 1963275, member: 20480"]I find many parallels between what Vic does and what I do, and think he is dead-on with his advice. I find that dealers who rely heavily on the GS / BS (both buying and selling) are less in touch with the true market value of really rare coins, and trade much more in wares that are available in greater quantity . . . common Morgans, Walkers, proof sets, mint sets, common-dated type coins, etc. The reason is that knowledgeable sellers of rare coins know the GS / BS is too low on the truely rare stuff, so the dealer who uses the sheets as a crutch often fails to buy that kind of inventory when it is presented to him. There is quite a disconnect between GS / BS and the real value of truely scarce and rare coins, and it is unlikely that CDN Publications will ever close that gap. It is simply too expensive of a proposition for them, based on their current business model. They provide weekly updates to the market for the most commonly traded issues, quarterly for those trading least, and monthly for those trading at a more moderate pace. While the CDN is the market benchmark for coins covered in the Weekly issue, and are pretty decent in the monthly, I personally consider their pricing performance in the quarterly issues to be a disservice to the industry. Much of the data in the Quarterly issues is grossly inaccurate, and leaves unaware buyers believing they are being gouged by sellers in the know, and savvy sellers feeling low-balled by dealers having bad information. Unless and until CDN Publications decides that their market position is jeopardized by this shortcoming, things are unlikely to change. As for me, I'll continue looking for current pricing everywhere I can find it . . . after all, that's what they should be doing, isn't it?[/QUOTE]
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