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Is PCGS's Price Guide based on average auction prices?
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<p>[QUOTE="Kasia, post: 2075725, member: 31533"]It's a price guide. Each coin can sell for a different price based on its own merit. PCGS states this guide is only for its own certified coins so it basically is saying if you have a slabbed PCGS coin and the coin is graded ... not details or cleaned, etc., then this is what it is "worth". That being said, sometimes things are gobbled up at their "worth" price and sometimes you can't unload something at 0 X the "worth" price. At least with PCGS, as long as they remain top tier, their pricing guide for their coins won't likely fall in the 0 X "worth" area. But guide means guide. I think the greysheet is more accurate a price model because that is the standard for US coins for dealer buy rates, and you have to know the market to gauge what amount over that it would bring.[/QUOTE]</p><p><br /></p>
[QUOTE="Kasia, post: 2075725, member: 31533"]It's a price guide. Each coin can sell for a different price based on its own merit. PCGS states this guide is only for its own certified coins so it basically is saying if you have a slabbed PCGS coin and the coin is graded ... not details or cleaned, etc., then this is what it is "worth". That being said, sometimes things are gobbled up at their "worth" price and sometimes you can't unload something at 0 X the "worth" price. At least with PCGS, as long as they remain top tier, their pricing guide for their coins won't likely fall in the 0 X "worth" area. But guide means guide. I think the greysheet is more accurate a price model because that is the standard for US coins for dealer buy rates, and you have to know the market to gauge what amount over that it would bring.[/QUOTE]
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