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<p>[QUOTE=&quot;iloveallcoins, post: 2929604, member: 91550&quot;]In a move to further kill off the coin market PCGS just massively slashed the price guide values on all conditionally scarce Franklin Half Dollars, many even below their regular auction selling prices. </p><p><br /></p><p>I suppose this is what we as collectors get for putting all our eggs in the PCGS basket.</p><p><br /></p><p>I guess they finished killing the Lincoln Cent market and need another target. Anyone else notice the complete lack of conditionally scarce Lincoln&#039;s coming to auction since Julyish?</p><p><br /></p><p>How did PCGS go from market maker to market breaker? </p><p><br /></p><p>Also it is important to note that not every coin in every auction hits its PCGS price guide value. The thing is many collectors are buying for investment and dealers are buying for profit. If you lower the PCGS price guide prices then that just means the realized prices in the auctions will lower in return. </p><p><br /></p><p>Example....Take a 1949 D MS66FBL Franklin (a collector favorite) which not long ago was $3000 coin give or take a few hundred dollars. At a $3000 price guide value they brought at auction about $2000-2500 with BP. PCGS lowers the price to $2500 the coins start selling for $1500-$2000. PCGS responds with a drop to $2000 and the coins start selling for $1200-$1500. PCGS counters with a drop to $1800. Auction buyers counter by buying them at auction for $1000-$1200 PCGS counters with a drop to $1200. Do you think buyers at auction will continue paying $1200?....Nope expect them to start paying between $500-$800. You&#039;ve now deflated the market to virtually nothing and for no reason. </p><p><br /></p><p>Thanks PCGS for doing this across the board to 1000&#039;s of coins and harming those that put their trusted you most. PCGS might say that they do not make the prices. They above is proof otherwise.[/QUOTE]</p><p><br /></p>

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