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PCGS Coin "Values" - why inflated?
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<p>[QUOTE="900fine, post: 232809, member: 6036"]I presume you're talking about the prices on their website.</p><p> </p><p>Yes, those numbers are very high - usually 40% or more. I have never paid anywhere near those prices for any coin.</p><p> </p><p>Those prices have nothing to do with retail. I'm guessing here... <b>I think they are for estimating insurance value for shipping purposes.</b> You want a high number to guarantee replacement cost. </p><p> </p><p>And since almost every order requires shipping, thay have to have a set of prices. They want 'em high so that if the market swings up a little their customers don't get caught short.</p><p> </p><p>Also remember... PCGS does not sell coins. Those are not "their" prices in the sense that a dealer has prices.</p><p> </p><p>As far as a standard correction value to arrive at a real price... forget it. Use market pricing sources, such as greysheet and auction listings.[/QUOTE]</p><p><br /></p>
[QUOTE="900fine, post: 232809, member: 6036"]I presume you're talking about the prices on their website. Yes, those numbers are very high - usually 40% or more. I have never paid anywhere near those prices for any coin. Those prices have nothing to do with retail. I'm guessing here... [B]I think they are for estimating insurance value for shipping purposes.[/B] You want a high number to guarantee replacement cost. And since almost every order requires shipping, thay have to have a set of prices. They want 'em high so that if the market swings up a little their customers don't get caught short. Also remember... PCGS does not sell coins. Those are not "their" prices in the sense that a dealer has prices. As far as a standard correction value to arrive at a real price... forget it. Use market pricing sources, such as greysheet and auction listings.[/QUOTE]
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PCGS Coin "Values" - why inflated?
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