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<p>[QUOTE="Jaelus, post: 2062067, member: 46237"]Not at all. A price guide is just that, a <i>guide</i>. All coins are unique and must be judged subjectively to come up with the fair market value; coin valuation is already significantly more complex than price guides account for.</p><p><br /></p><p>Providing more information on a slab only makes it easier for people to price the coin, not harder. The conditions that modify the value of a coin <i>still exist on the coin whether or not they are described on the slab by the TPG</i>. This means a buyer currently needs to be able to accurately identify all the conditions that would modify the value of the coin to price it properly, despite the grade on the slab.</p><p><br /></p><p>For example, if a price guide lists a given min/max range for AU, it's based on <i>average</i> sale values. You are going to see AUs that are worth less than the minimum value and also AUs that can go well into the MS range (double the max AU value or more) due to strike, surface condition, and eye appeal.</p><p><br /></p><p>Not only that, but TPGs <i>already</i> identify strike, surface conditions, and eye appeal with modifiers BN, RB, RD, CA, PL, DPL, FB, FBL, FH, FT, FS, star, etc.. in acknowledgement that these conditions can have significant impacts on the value of a coin within the same grade. There's also the obvious price disparity of two coins of the same grade, one with a green bean and one without. Why does a green bean add so much of a premium when it doesn't change the coin? Simply because the slab grade is frequently inadequate for proper valuation of the coin outside of being an expert on grading the series.[/QUOTE]</p><p><br /></p>
[QUOTE="Jaelus, post: 2062067, member: 46237"]Not at all. A price guide is just that, a [I]guide[/I]. All coins are unique and must be judged subjectively to come up with the fair market value; coin valuation is already significantly more complex than price guides account for. Providing more information on a slab only makes it easier for people to price the coin, not harder. The conditions that modify the value of a coin [I]still exist on the coin whether or not they are described on the slab by the TPG[/I]. This means a buyer currently needs to be able to accurately identify all the conditions that would modify the value of the coin to price it properly, despite the grade on the slab. For example, if a price guide lists a given min/max range for AU, it's based on [I]average[/I] sale values. You are going to see AUs that are worth less than the minimum value and also AUs that can go well into the MS range (double the max AU value or more) due to strike, surface condition, and eye appeal. Not only that, but TPGs [I]already[/I] identify strike, surface conditions, and eye appeal with modifiers BN, RB, RD, CA, PL, DPL, FB, FBL, FH, FT, FS, star, etc.. in acknowledgement that these conditions can have significant impacts on the value of a coin within the same grade. There's also the obvious price disparity of two coins of the same grade, one with a green bean and one without. Why does a green bean add so much of a premium when it doesn't change the coin? Simply because the slab grade is frequently inadequate for proper valuation of the coin outside of being an expert on grading the series.[/QUOTE]
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