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<p>[QUOTE=&quot;iloveallcoins, post: 2930534, member: 91550&quot;]That is unequivocally false. ALL of the PCGS authorized dealers are charging more then their book value prices. The prices are being set 100% by recent auction trends only. Dealer asking and selling prices are not factored at all.</p><p><br /></p><p>Alot of the replies in this thread may actually show what the real problem is. I saw MANY posts about how PCGS price guide is over priced. It absolutely, positively, without question WAS. BUT if there is a sudden shift to represent auction values or slightly above then that tricks the market into thinking &quot;well if that &quot;overpriced&quot; price guide shows value X then I don&#039;t want to pay anywhere near it&quot;. Maybe we are not understanding each other but that is the entire point I am trying to make.</p><p><br /></p><p>Lets pretend for a second giving me the benefit of the doubt that PCGS somehow made their price guide fully accurate representing a fair price for every coin......Yet the market just continued to assume that the guide was over priced as it always has been. Do you really not see how this might place an artificial ceiling on the coins?</p><p><br /></p><p>Because unfortunately PCGS price guide is not accurate in many different coin types. So someone familiar with the price guide would just assume (correctly so) that PCGS price guide is inflated and that they should pay considerably less. Now when they lower the prices back to reality then people unfamiliar with the day to day drops continue to assume the values are inflated, hence my position that the guides cause an artificial ceiling.</p><p><br /></p><p>This is not about Franklin&#039;s alone. PCGS spent the last 2 years doing this to Lincoln Cents. The result is that the coins are simply not collectible anymore. All major auctions have massively cut back on the sales and listings of Lincoln&#039;s that have been devalued to nothing. MS67RD Lincolns were a very hot item until monthly price guide slashes. This was never a market correction, the market went cold the second PCGS lowered the values. The price guide drops are the cause and NOT the effect.</p><p><br /></p><p>Well struck Franklins are very rare. Most auction catalogs will be loaded with tons of high end walkers, seated halves, bust havles etc.....But when it comes to Franklins only a hand full in each auction of 66FBL or above. I am not complaining about $5-$25 dollar drops on the low end common issues many of your respective logics would certainly apply there.</p><p><br /></p><p>How many of those that replied to tell me I am wrong engage in the day to day trading of conditionally scarce coins?[/QUOTE]</p><p><br /></p>

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