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<p>[QUOTE="ToughCOINS, post: 1767851, member: 20480"]What's to worry about? Neither PCGS nor NGC determines market pricing . . . CDN doesn't either . . . We do. </p><p> </p><p>All that price guides do is approximate value based on prices paid in the past, and often inaccurately or belatedly. So few transactions are reported to anyof the three, that their information means far less than most give it credit for. </p><p> </p><p>Consider the available number of recent auction records, the primary source tapped by PCGS & NGC, and the miniscule number of dealers polled by CDN. Then compare those few sources, and their total transactions against the vast number of private sales that are not accounted for in either case. I'm not saying their values are meaningless. Clearly, some coins are likely to be sold only at major auctions, or by major dealers, and might be just as well reflected by those publishers, as by other sources, however, too much stock is placed in too many values published by each for coins that trade much more widely.</p><p> </p><p>Buyers are smart . . . they know what attributes they seek, they know enough to look around, see what's available, and decide what a coin is worth to them based on supply and demand. The truly educated coin market will always lead / never follow.[/QUOTE]</p><p><br /></p>
[QUOTE="ToughCOINS, post: 1767851, member: 20480"]What's to worry about? Neither PCGS nor NGC determines market pricing . . . CDN doesn't either . . . We do. All that price guides do is approximate value based on prices paid in the past, and often inaccurately or belatedly. So few transactions are reported to anyof the three, that their information means far less than most give it credit for. Consider the available number of recent auction records, the primary source tapped by PCGS & NGC, and the miniscule number of dealers polled by CDN. Then compare those few sources, and their total transactions against the vast number of private sales that are not accounted for in either case. I'm not saying their values are meaningless. Clearly, some coins are likely to be sold only at major auctions, or by major dealers, and might be just as well reflected by those publishers, as by other sources, however, too much stock is placed in too many values published by each for coins that trade much more widely. Buyers are smart . . . they know what attributes they seek, they know enough to look around, see what's available, and decide what a coin is worth to them based on supply and demand. The truly educated coin market will always lead / never follow.[/QUOTE]
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