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PCGS Coin "Values" - why inflated?
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<p>[QUOTE="dreamer94, post: 232886, member: 6449"]Yes, those are the numbers I was referring to. What other PCGS values are available?</p><p> </p><p>I would argue that the most important use of the PCGS listings (at least what I use them for) is to estimate what a coin is worth so I can make a realistic bid at an auction and avoid paying more than it's worth (which I would define as what I would be able to sell it for if I wanted to sell it after I bought it). But I know I shouldn't pay as much as the PCGS listed value. I always decrease the value by one grade to get a more realistic estimate. </p><p> </p><p>What the coin world needs is something analogous to real-estate "comps" used by appraisers. The value of a house is, by definition the price it sold for recently and as a next best estimate, the price houses sold for that are as similar as possible.</p><p> </p><p>Heritage Auction Gallery has a very nice feature for comps. Each coin listed has the "hammer price" of the last several coins sold of the same type and grade as the listing. I find that very helpful. Since the grading service is specified for each one, it helps to assess the the impact of the grading service on the price.[/QUOTE]</p><p><br /></p>
[QUOTE="dreamer94, post: 232886, member: 6449"]Yes, those are the numbers I was referring to. What other PCGS values are available? I would argue that the most important use of the PCGS listings (at least what I use them for) is to estimate what a coin is worth so I can make a realistic bid at an auction and avoid paying more than it's worth (which I would define as what I would be able to sell it for if I wanted to sell it after I bought it). But I know I shouldn't pay as much as the PCGS listed value. I always decrease the value by one grade to get a more realistic estimate. What the coin world needs is something analogous to real-estate "comps" used by appraisers. The value of a house is, by definition the price it sold for recently and as a next best estimate, the price houses sold for that are as similar as possible. Heritage Auction Gallery has a very nice feature for comps. Each coin listed has the "hammer price" of the last several coins sold of the same type and grade as the listing. I find that very helpful. Since the grading service is specified for each one, it helps to assess the the impact of the grading service on the price.[/QUOTE]
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PCGS Coin "Values" - why inflated?
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