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<p>[QUOTE="National dealer, post: 23431, member: 487"]Well if you are looking for correct values, do not use PCGS. More often than not, published collector price guides are way too optimistic. As an example generic St. Gaudens in MS 63 have a dealer bid of $570. While PCGS or Trends or whoever may state prices over $700 it will take a wish and a prayer to receive that kind of money in today's market. </p><p><br /></p><p>Earlier GDJMSP made the statement that anyone interested in the investment side of coins MUST know the market. That is the most true statement made in this thread. mmarrotta also made the suggestion that investors should follow the example of the dealers. Work on volume and small gains on a regular time frame. That is also good advice. </p><p>With coins, a proven track record is the best to follow. Don't try to reinvent the wheel. </p><p>Having optimism is great, but don't let it allow you to cloud your judgement. Knowledge is the best key in this hobby.[/QUOTE]</p><p><br /></p>
[QUOTE="National dealer, post: 23431, member: 487"]Well if you are looking for correct values, do not use PCGS. More often than not, published collector price guides are way too optimistic. As an example generic St. Gaudens in MS 63 have a dealer bid of $570. While PCGS or Trends or whoever may state prices over $700 it will take a wish and a prayer to receive that kind of money in today's market. Earlier GDJMSP made the statement that anyone interested in the investment side of coins MUST know the market. That is the most true statement made in this thread. mmarrotta also made the suggestion that investors should follow the example of the dealers. Work on volume and small gains on a regular time frame. That is also good advice. With coins, a proven track record is the best to follow. Don't try to reinvent the wheel. Having optimism is great, but don't let it allow you to cloud your judgement. Knowledge is the best key in this hobby.[/QUOTE]
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