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PCGS Coin "Values" - why inflated?
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<p>[QUOTE="Henry, post: 232781, member: 8865"]I find their prices seriously inflated.... </p><p><br /></p><p>One idea I heard for this is that they price the coins based upon the prices they are given by the senders of the coins. </p><p><br /></p><p>What is meant by this ... is .. when one sends them a coin for grading and slabing, one places a price on it. The sender of the coin actually values the coin. PCGS grades the coin and have a graded coin with that given value. But the sender mostly has over valued the coin in that ... if the shipment gets lost...that is the value for insurance. Also, most of the time coins will grade at or below what the sender was dreaming the coin would grade at....ie another reason the values are inflated.</p><p><br /></p><p>It would be nice if PCGS would confirm this theory I have heard.</p><p><br /></p><p>Clearly PCGS values in the area of my collection are over actual market.</p><p><br /></p><p>Retail stores I know sell at red book ...which is lower than PCGS value.</p><p><br /></p><p><img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="Henry, post: 232781, member: 8865"]I find their prices seriously inflated.... One idea I heard for this is that they price the coins based upon the prices they are given by the senders of the coins. What is meant by this ... is .. when one sends them a coin for grading and slabing, one places a price on it. The sender of the coin actually values the coin. PCGS grades the coin and have a graded coin with that given value. But the sender mostly has over valued the coin in that ... if the shipment gets lost...that is the value for insurance. Also, most of the time coins will grade at or below what the sender was dreaming the coin would grade at....ie another reason the values are inflated. It would be nice if PCGS would confirm this theory I have heard. Clearly PCGS values in the area of my collection are over actual market. Retail stores I know sell at red book ...which is lower than PCGS value. :-)[/QUOTE]
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PCGS Coin "Values" - why inflated?
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