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PCGS Coin "Values" - why inflated?
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<p>[QUOTE="GDJMSP, post: 233033, member: 112"]If it were true that the PCGS price guide was based on retail prices then why is it that many dealers even say they are too high ? So no, I don't agree that it reflects retail prices. I do however agree that it is grossly inflated.</p><p><br /></p><p>Now I will say this, I have no doubt that there are some dealers out there who price their goods similar to the PCGS guide. But then I also know that I can price the very same coin, in the very same grade, slabbed by the very same company at 10 different dealer shops and get 10 different quotes. Rarely have I ever seen 2 dealers asking the same price for a coin.</p><p><br /></p><p>I did some serious checking once - comparing PCGS guide prices to realized auctions from as many sources as I could find them. In almost every case the PCGS price was the highest auction price ever realized - or within a few dollars of it. I am pretty much convinced that's where the PCGS prices come from.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 233033, member: 112"]If it were true that the PCGS price guide was based on retail prices then why is it that many dealers even say they are too high ? So no, I don't agree that it reflects retail prices. I do however agree that it is grossly inflated. Now I will say this, I have no doubt that there are some dealers out there who price their goods similar to the PCGS guide. But then I also know that I can price the very same coin, in the very same grade, slabbed by the very same company at 10 different dealer shops and get 10 different quotes. Rarely have I ever seen 2 dealers asking the same price for a coin. I did some serious checking once - comparing PCGS guide prices to realized auctions from as many sources as I could find them. In almost every case the PCGS price was the highest auction price ever realized - or within a few dollars of it. I am pretty much convinced that's where the PCGS prices come from.[/QUOTE]
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PCGS Coin "Values" - why inflated?
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