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<p>[QUOTE=&quot;GDJMSP, post: 3405416, member: 112&quot;]When even PCGS doesn&#039;t go by their listed values, how in the world can anybody else go by them ?</p><p><br /></p><p>And what I&#039;m talking about is this. PCGS has a guarantee, but if you exercise that guarantee, when it comes to determining value, PCGS is who determines what that value actually is. And even if their own price guide says a coin is worth $1,000, but they determine the coin is only worth $500 - then $500 is what you get paid. </p><p><br /></p><p>What you need to do Odie is think about how insurance companies work. Say for example you go out and buy a brand new car, but on the way home you have a wreck and it gets totaled. Do you think they&#039;re gonna pay you what you paid for the car ? If you do you better think again because they aren&#039;t. And even if you have a replacement value policy, you will still only get the replacement value of a used car, slightly used maybe but still used - not the value of a brand new car.</p><p><br /></p><p>It&#039;s no different with coin insurance policies. The insurance company will be the one who determines what you get paid, period, end of story. And it&#039;s never gonna be what you want it to be, or think it should be. That&#039;s how insurance companies stay in business.</p><p><br /></p><p>Now I&#039;m not trying to talk you out if insurance on your collection, far from it. I used to have insurance on my collection too. All I&#039;m trying to do is point out reality to you. Because if and when the unthinkable happens, you should be prepared for it and not have false expectations.</p><p><br /></p><p>You should also be aware that while most collectors think their coins are valued at full retail - they aren&#039;t. The true and realistic value of any coin is whatever low wholesale happens to be at any given moment. And low wholesale is defined as what the dealer with the lowest bid will pay for a coin. And most of the time that&#039;s somewhere between 20-50% less than whatever full retail is.</p><p><br /></p><p>That - is reality.[/QUOTE]</p><p><br /></p>

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