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<p>[QUOTE="geekpryde, post: 2075843, member: 36248"]The part I don't understand about PCGS price guide is that they basically directly contradict their own PCGS CoinFacts information, with one being listed directly above the other if you are CoinFacts subscriber. (Which I believe Tom you are).</p><p><br /></p><p>So, CoinFacts shows us the five most recent appearances of that coin from NGC and PCGS, or 10 total for most coins. These examples are obviously for auction companies PCGS compiles data from, and not 100% of the picture, but it is a very good starting place.</p><p><br /></p><p>Well, I would say in 75% of the cases I've used CoinFacts (which is on a daily basis now) the "guide" price listed above the auction prices grouping is totally out of whack.</p><p><br /></p><p>Here is a real example of a coin I looked up yesterday, which I may buy. This is NOT a cherry-picked example.</p><p><br /></p><p><a href="http://www.pcgscoinfacts.com/Coin/Detail/4398" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.pcgscoinfacts.com/Coin/Detail/4398" rel="nofollow">http://www.pcgscoinfacts.com/Coin/Detail/4398</a></p><p><br /></p><p>[ATTACH=full]385356[/ATTACH]</p><p><br /></p><p><br /></p><p>I totally agree that "PCGS weighs various factors ...and then comes up with a number", I just don't understand how their guide price number is useful to anyone, including "in a manner that makes internal sense to them" . It is more often than not opposed to the reality of a feature that PCGS themselves sells as a service. PCGS collects a massive amount of data, and could easily make the guide price much closer to actual pricing in the marketplace by more heavily emphasizing actual prices realized, over the other parts of their algorithm which in my experience must have a large dose of fantasy.</p><p><br /></p><p>Their pricing guide could absolutely be the best in the industry if they just used their own data![/QUOTE]</p><p><br /></p>
[QUOTE="geekpryde, post: 2075843, member: 36248"]The part I don't understand about PCGS price guide is that they basically directly contradict their own PCGS CoinFacts information, with one being listed directly above the other if you are CoinFacts subscriber. (Which I believe Tom you are). So, CoinFacts shows us the five most recent appearances of that coin from NGC and PCGS, or 10 total for most coins. These examples are obviously for auction companies PCGS compiles data from, and not 100% of the picture, but it is a very good starting place. Well, I would say in 75% of the cases I've used CoinFacts (which is on a daily basis now) the "guide" price listed above the auction prices grouping is totally out of whack. Here is a real example of a coin I looked up yesterday, which I may buy. This is NOT a cherry-picked example. [url]http://www.pcgscoinfacts.com/Coin/Detail/4398[/url] [ATTACH=full]385356[/ATTACH] I totally agree that "PCGS weighs various factors ...and then comes up with a number", I just don't understand how their guide price number is useful to anyone, including "in a manner that makes internal sense to them" . It is more often than not opposed to the reality of a feature that PCGS themselves sells as a service. PCGS collects a massive amount of data, and could easily make the guide price much closer to actual pricing in the marketplace by more heavily emphasizing actual prices realized, over the other parts of their algorithm which in my experience must have a large dose of fantasy. Their pricing guide could absolutely be the best in the industry if they just used their own data![/QUOTE]
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