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<p>[QUOTE="Just Carl, post: 724331, member: 4552"]One of the problems here is the usage of the word RETAIL PRICE. Unlike auto's, dishes, notebook paper, boats, staplers, etc., there is really no such thing as a retail price on coins except the face value. With a car you can look up a manufacturer's suggested retail price. Same with most products you see in stores. Theses are suggested but seldom actually used but at times are. Those are in reality are a retail price. Coins do not really have that. </p><p>There are numerous price GUIDES out there. They are just that, guides that someone made and may or may not have anything to do with actual prices. The famous Red Book is an example of that. So is the PCGS web site. The Red Book's prices are what may be someday, maybe, could be, might be. PCGS prices are raised to attract individuals to have their coins slabbed. </p><p>The Grey Sheet also is something that people make and many dealers use but is similar since it too is just a guide. </p><p>At coin shows many dealers I know have raised thier prices about 15 to 25% or more over the Grey Sheet since they know coin shows are like a flea market where customers haggle prices. Thier first reaction is to lower the prices by about 10%. Then as haggling continues, they lower the price by as much as the 15 to 25% and end up with what they originally wanted. </p><p>This entire hobby is like buying and selling houses. Start out way, way high and allow the purchaser to haggle it down to what everyone wanted in the first place. Such things makes all price guides just that, guides.[/QUOTE]</p><p><br /></p>
[QUOTE="Just Carl, post: 724331, member: 4552"]One of the problems here is the usage of the word RETAIL PRICE. Unlike auto's, dishes, notebook paper, boats, staplers, etc., there is really no such thing as a retail price on coins except the face value. With a car you can look up a manufacturer's suggested retail price. Same with most products you see in stores. Theses are suggested but seldom actually used but at times are. Those are in reality are a retail price. Coins do not really have that. There are numerous price GUIDES out there. They are just that, guides that someone made and may or may not have anything to do with actual prices. The famous Red Book is an example of that. So is the PCGS web site. The Red Book's prices are what may be someday, maybe, could be, might be. PCGS prices are raised to attract individuals to have their coins slabbed. The Grey Sheet also is something that people make and many dealers use but is similar since it too is just a guide. At coin shows many dealers I know have raised thier prices about 15 to 25% or more over the Grey Sheet since they know coin shows are like a flea market where customers haggle prices. Thier first reaction is to lower the prices by about 10%. Then as haggling continues, they lower the price by as much as the 15 to 25% and end up with what they originally wanted. This entire hobby is like buying and selling houses. Start out way, way high and allow the purchaser to haggle it down to what everyone wanted in the first place. Such things makes all price guides just that, guides.[/QUOTE]
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