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<p>[QUOTE=&quot;GDJMSP, post: 2859775, member: 112&quot;]When the incident with the infamous 1st PF70 Lincoln occurred, when PCGS stepped in and stopped the auction in process, the current bid for the coin (and it was during a live auction) was something like $56,000 if memory serves. But PCGS stopped it, pulled the coin and downgraded it, and paid the actual owner something like $32,000 - over 20,000 less that what the coin would have brought if they had allowed the sale to continue.</p><p><br /></p><p>What I&#039;m getting at is PCGS does not determine value based on actual sale prices of coins. When they honor their guarantee the pay out amount is pretty much always far less that recent realized prices. They claim that their payout is based on what a dealer can buy the coin for as being the actual value.</p><p><br /></p><p>An idea I&#039;ve expressed before and been scoffed at for doing so.[/QUOTE]</p><p><br /></p>

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