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<p>[QUOTE=&quot;Leadfoot, post: 1055941, member: 2972&quot;]Auctions are not a retail setting. </p><p><br /></p><p>What I&#039;m telling you is that there are a great number of retail outlets (i.e. dealers) of PCGS coins, to include those who attend large regional shows, where the PCGS is a very good predictor of price.&nbsp;&nbsp; Here&#039;s a list: <a href="http://www.pcgs.com/dealers/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.pcgs.com/dealers/" rel="nofollow">http://www.pcgs.com/dealers/</a></p><p><br /></p><p>Said a bit differently, the 30% &quot;too high&quot; is a pretty good gauge of average spread for retail dealers that advertise on the internet or attend the show circuit -- particularly as you get to &quot;classic&quot; coins (i.e. pre-1930) and the traveling circuit.&nbsp; In actuality, the spread may be a bit smaller, but not much.</p><p><br /></p><p>You coming to FUN?&nbsp; Let&#039;s do a little experiment.&nbsp; We&#039;ll pick out some coins and find 10 nice examples of each in PCGS holders on the bourse and write down the asking price.&nbsp; I think it would be a great insight into the market and absolutely worth the time of a few collectors (we could each take one coin).&nbsp; </p><p><br /></p><p>I know when I last did the experiment, in 2007, the guide was very accurate.&nbsp; I know when I look at the websites listed on the PCGS site, including some dealers from whom I get inventory updates on a regular basis, the guide is very accurate.&nbsp; However, I also recognize that I don&#039;t watch large parts of the market -- as you know, I&#039;m a modern type and large cent collector and I don&#039;t attend a lot of shows.</p><p><br /></p><p>Now you can argue that it may be the tail wagging the dog here, and I would might agree with you.&nbsp; You could also argue that there&#039;s probably some meat left on the bone and negotiation for an additional discount is possible, and again I would agree with you.&nbsp; In addition, if you were to argue the closer to top-pop you get and the smaller the spread gets, and I would agree.&nbsp; And of course there are dealers that sell a bit more cheaply than others, and there are exceptions to the rule. That doesn&#039;t change the correlation between price guide and asking price that I have observed and I expect will hold should we undertake a more broad experiment.</p><p><br /></p><p>And it is for this reason I took issue to your &quot;worthless&quot; comment.[/QUOTE]</p><p><br /></p>

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