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PCGS Coin "Values" - why inflated?
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<p>[QUOTE="clembo, post: 232766, member: 8033"]I would have to agree that on "classic" coins PCGS is fairly commensurate to retail. As for the modern stuff I think the "population" comes into play.</p><p>With advances in technology at the mint I think we all know there are a TON of PR69DCAM coins out there. I'm sure I have multitudes. Problem is will I spend $30 or so to "prove" it? Not unless I'm a multi million dollar dealer or TV salesman.</p><p><br /></p><p>Case in point. About 6 months ago I sold a 1998-S Silver Proof Quarter. REALLY a nice coin that I felt might get PR70DCAM. Instead I let it go raw and it sold for over $30 on Overstock. I really did not expect it to get that high and the buyer was thrilled.</p><p>NOW, had I slabbed it and it came back as a 70DCAM I could have really made a killing. I guess I sold the coin and not the holder as it were. Drop that coin to a PCGS69 and it gets $15-20. I'll never know for sure but I made a few bucks and the buyer was happy.</p><p><br /></p><p>Also factor in the Registry sets. For all I know the buyer has had it slabbed for that precious grade. Hope he got it if he did. So many people competing for the single point in grade. Kinda makes you wonder doesn't it?[/QUOTE]</p><p><br /></p>
[QUOTE="clembo, post: 232766, member: 8033"]I would have to agree that on "classic" coins PCGS is fairly commensurate to retail. As for the modern stuff I think the "population" comes into play. With advances in technology at the mint I think we all know there are a TON of PR69DCAM coins out there. I'm sure I have multitudes. Problem is will I spend $30 or so to "prove" it? Not unless I'm a multi million dollar dealer or TV salesman. Case in point. About 6 months ago I sold a 1998-S Silver Proof Quarter. REALLY a nice coin that I felt might get PR70DCAM. Instead I let it go raw and it sold for over $30 on Overstock. I really did not expect it to get that high and the buyer was thrilled. NOW, had I slabbed it and it came back as a 70DCAM I could have really made a killing. I guess I sold the coin and not the holder as it were. Drop that coin to a PCGS69 and it gets $15-20. I'll never know for sure but I made a few bucks and the buyer was happy. Also factor in the Registry sets. For all I know the buyer has had it slabbed for that precious grade. Hope he got it if he did. So many people competing for the single point in grade. Kinda makes you wonder doesn't it?[/QUOTE]
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PCGS Coin "Values" - why inflated?
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