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<p>[QUOTE="GDJMSP, post: 2930334, member: 112"]The PCGS price has never been worth talking about - and still isn't !</p><p><br /></p><p><br /></p><p><br /></p><p>Well I did that, and then I read the rest of the thread, and it explained a lot. The main thing being that you are working on a bunch of false assumptions.</p><p><br /></p><p>First of all, do you know what the PCGS price guide is, what it is based on ? I'm asking because it certainly appears that you do not ! But if you'd just look, PCGS tells you what it is based on. And I quote - </p><p><br /></p><p>"The prices listed in the PCGS Price Guide are <u><b>average dealer asking prices for PCGS-graded coins.</b></u> The prices are compiled from various sources including dealer ads in trade papers, dealer fixed price lists and website offerings, significant auctions, and activity at major coin shows." </p><p><br /></p><p>Now the underling and bold text is me, but that is a direct quote taken right from the PCGS web site as you can see - </p><p><br /></p><p>[ATTACH=full]711377[/ATTACH]</p><p><br /></p><p><br /></p><p><br /></p><p>What I am trying to point out to you is that PCGS doesn't just pick prices out of the air, they use prices that are given to them by dealers - it the dealers who are setting the prices, not PCGS. So that's one bad assumption you are using to base your theory on.</p><p><br /></p><p>But if you did a bit more exploring on the PCGS web site you could see other things as well. For example, there's this - <a href="https://www.pcgs.com/prices/pricechanges.aspx" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.pcgs.com/prices/pricechanges.aspx" rel="nofollow">https://www.pcgs.com/prices/pricechanges.aspx</a> - you may be aware of it already, and since so many Frankies are listed there I'm kind of assuming that you are since Frankies are what you're talking about. And yes, those changes listed match the Price Guide prices - <a href="https://www.pcgs.com/prices/priceguidedetail.aspx?ms=4&pr=1&sp=1&c=734&title=franklin+half+dollar" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.pcgs.com/prices/priceguidedetail.aspx?ms=4&pr=1&sp=1&c=734&title=franklin+half+dollar" rel="nofollow">https://www.pcgs.com/prices/priceguidedetail.aspx?ms=4&pr=1&sp=1&c=734&title=franklin+half+dollar</a></p><p><br /></p><p>But are you also aware of this ? - <a href="https://www.pcgs.com/auctionprices/" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.pcgs.com/auctionprices/" rel="nofollow">https://www.pcgs.com/auctionprices/</a></p><p><br /></p><p>If you look at that, for Frankies, you'll see this - </p><p><a href="https://www.pcgs.com/auctionprices/category/franklin-half-dollar-1948-1963/734" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.pcgs.com/auctionprices/category/franklin-half-dollar-1948-1963/734" rel="nofollow">https://www.pcgs.com/auctionprices/category/franklin-half-dollar-1948-1963/734</a></p><p><br /></p><p>They are all there, actual realized auction prices as reported by PCGS. But if you look at them those realized prices are a lot lower than the prices listed in the PCGS price guide. And there's a reason for that, it's because the price guide prices, (the dealer asking prices), are too dang high. The coin market has been dropping steadily for almost 10 years and people, buyers, know that. And that is why they are not paying dealer asking prices. </p><p><br /></p><p>So you can get ready for it now or you can wait until it comes, but the prices in the PCGS price guide will continue to fall. And not because PCGS says so, but because the dealers will continue to drop their prices in an effort to get people to buy from them.</p><p><br /></p><p>Bottom line, your whole theory doesn't hold water. And that's what people have been trying to tell you this entire thread.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 2930334, member: 112"]The PCGS price has never been worth talking about - and still isn't ! Well I did that, and then I read the rest of the thread, and it explained a lot. The main thing being that you are working on a bunch of false assumptions. First of all, do you know what the PCGS price guide is, what it is based on ? I'm asking because it certainly appears that you do not ! But if you'd just look, PCGS tells you what it is based on. And I quote - "The prices listed in the PCGS Price Guide are [U][B]average dealer asking prices for PCGS-graded coins.[/B][/U] The prices are compiled from various sources including dealer ads in trade papers, dealer fixed price lists and website offerings, significant auctions, and activity at major coin shows." Now the underling and bold text is me, but that is a direct quote taken right from the PCGS web site as you can see - [ATTACH=full]711377[/ATTACH] What I am trying to point out to you is that PCGS doesn't just pick prices out of the air, they use prices that are given to them by dealers - it the dealers who are setting the prices, not PCGS. So that's one bad assumption you are using to base your theory on. But if you did a bit more exploring on the PCGS web site you could see other things as well. For example, there's this - [url]https://www.pcgs.com/prices/pricechanges.aspx[/url] - you may be aware of it already, and since so many Frankies are listed there I'm kind of assuming that you are since Frankies are what you're talking about. And yes, those changes listed match the Price Guide prices - [url]https://www.pcgs.com/prices/priceguidedetail.aspx?ms=4&pr=1&sp=1&c=734&title=franklin+half+dollar[/url] But are you also aware of this ? - [url]https://www.pcgs.com/auctionprices/[/url] If you look at that, for Frankies, you'll see this - [url]https://www.pcgs.com/auctionprices/category/franklin-half-dollar-1948-1963/734[/url] They are all there, actual realized auction prices as reported by PCGS. But if you look at them those realized prices are a lot lower than the prices listed in the PCGS price guide. And there's a reason for that, it's because the price guide prices, (the dealer asking prices), are too dang high. The coin market has been dropping steadily for almost 10 years and people, buyers, know that. And that is why they are not paying dealer asking prices. So you can get ready for it now or you can wait until it comes, but the prices in the PCGS price guide will continue to fall. And not because PCGS says so, but because the dealers will continue to drop their prices in an effort to get people to buy from them. Bottom line, your whole theory doesn't hold water. And that's what people have been trying to tell you this entire thread.[/QUOTE]
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