Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
PCGS Coin "Values" - why inflated?
>
Reply to Thread
Message:
<p>[QUOTE="samjimmy, post: 232728, member: 3813"]"Worth" is relative. I mean, what the exact "worth" of a 1938-S Lincoln in any grade (last I checked, a cent). How much is it worth if someone says it's MS-66? What about if someone else says it's MS-66? So let's say there were no "price guides" and someone actually tracked what these things actually sold for at auction (for that of course, there'd have to be enough sold to actually make the statistic valid). Then one took all those values and (for the sake of argument) averaged them (not the only way to determine "worth" but probably the easiest way for this example).</p><p><br /></p><p>Thing is, at some point the list of averages becomes the "price guide" and "worth" of the item.</p><p><br /></p><p>Now, it makes sense to inflate these figures so that anyone considering getting a coin graded will see that a PCGS 1938-S MS-66 slabbed coin is "worth" more than a NGC 1938-S MS-66 slabbed coin, according to the "price guide." Once you see that, where are you going to have your coins slabbed?</p><p><br /></p><p>It's a bunch of meaningless numbers. Anyone who's ever bought or sold a coin knows that. Personally I look at past auction results and determine that price I'm willing to pay, over looking though guides or sheets.[/QUOTE]</p><p><br /></p>
[QUOTE="samjimmy, post: 232728, member: 3813"]"Worth" is relative. I mean, what the exact "worth" of a 1938-S Lincoln in any grade (last I checked, a cent). How much is it worth if someone says it's MS-66? What about if someone else says it's MS-66? So let's say there were no "price guides" and someone actually tracked what these things actually sold for at auction (for that of course, there'd have to be enough sold to actually make the statistic valid). Then one took all those values and (for the sake of argument) averaged them (not the only way to determine "worth" but probably the easiest way for this example). Thing is, at some point the list of averages becomes the "price guide" and "worth" of the item. Now, it makes sense to inflate these figures so that anyone considering getting a coin graded will see that a PCGS 1938-S MS-66 slabbed coin is "worth" more than a NGC 1938-S MS-66 slabbed coin, according to the "price guide." Once you see that, where are you going to have your coins slabbed? It's a bunch of meaningless numbers. Anyone who's ever bought or sold a coin knows that. Personally I look at past auction results and determine that price I'm willing to pay, over looking though guides or sheets.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
PCGS Coin "Values" - why inflated?
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...