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<p>[QUOTE="900fine, post: 233156, member: 6036"]Hmmm... personally, I wouldn't do that.</p><p> </p><p>The PCGS values tend to be about 40% high. Changing grade by one point can swing the value either much MORE than that, or much LESS. In either case, it often gives a misleading price.</p><p> </p><p>For instance, let's look at a 1923 Saint. In lower MS, it's worth not much more than bullion. <b>The price barely changes with a point or two in grade</b>; it's common stuff.</p><p> </p><p>Here are the real values (I'm using greysheet).</p><p> </p><p>AU58 $690</p><p>MS60 $700</p><p>MS62 $720</p><p> </p><p>Let's say you were considering a <b>MS62</b>. If you use PCGS guides and dropped down a point to MS61, PCGS says that's worth <b>$900 </b>! WAY overpriced. You could pay too much.</p><p> </p><p>That's b/c in these grades, we're in a "flat' region of price, where +/- 1 point has almost no effect, so dropping a point won't overcome PCGS' 40% inflation.</p><p> </p><p>But let's say you're considering a <b>MS65</b>. For this date, that's the "break point" where the price skyrockets. It's a condition rarity. The real greysheet value is <b>$3,300</b>. Drop down a point to MS64 price, and PCGS says <b>$1,325</b>. No way you get a 65 for that, so again the method breaks down.</p><p> </p><p>Better to forget PCGS entirely and use their prices only for shipping insurance values, where unrealistic high prices mean a little extra insurance cost at worst.</p><p> </p><p>That's where I go for values. That and Teletrade and greysheet.[/QUOTE]</p><p><br /></p>
[QUOTE="900fine, post: 233156, member: 6036"]Hmmm... personally, I wouldn't do that. The PCGS values tend to be about 40% high. Changing grade by one point can swing the value either much MORE than that, or much LESS. In either case, it often gives a misleading price. For instance, let's look at a 1923 Saint. In lower MS, it's worth not much more than bullion. [B]The price barely changes with a point or two in grade[/B]; it's common stuff. Here are the real values (I'm using greysheet). AU58 $690 MS60 $700 MS62 $720 Let's say you were considering a [B]MS62[/B]. If you use PCGS guides and dropped down a point to MS61, PCGS says that's worth [B]$900 [/B]! WAY overpriced. You could pay too much. That's b/c in these grades, we're in a "flat' region of price, where +/- 1 point has almost no effect, so dropping a point won't overcome PCGS' 40% inflation. But let's say you're considering a [B]MS65[/B]. For this date, that's the "break point" where the price skyrockets. It's a condition rarity. The real greysheet value is [B]$3,300[/B]. Drop down a point to MS64 price, and PCGS says [B]$1,325[/B]. No way you get a 65 for that, so again the method breaks down. Better to forget PCGS entirely and use their prices only for shipping insurance values, where unrealistic high prices mean a little extra insurance cost at worst. That's where I go for values. That and Teletrade and greysheet.[/QUOTE]
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PCGS Coin "Values" - why inflated?
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