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So is the PCGS Price Guide high?
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<p>[QUOTE="rhoggman, post: 399207, member: 13987"]I would have to imagine if some idiot dealer listed a 1,000 coin for 1,000,000, PCGS would have to ignore that listing or otherwise be labeled in a similar fashion. I don't think they would average in ridiculous numbers, unless they desire to become ridiculous.</p><p><br /></p><p>Also as to people making comments about some coins being high, and other coins being lower, or more reasonable according to the price guide I would tend to think that certain areas of the market are on fire. </p><p><br /></p><p>I have heard from many people/ sources that coppers are really seeing a boom right now. I think this would be a contributing factor to the relative high hammer prices for coppers in relation to the price guide. They may not be able to keep up.</p><p><br /></p><p>Also I think when you start dealing with modern stuff the prices tend to get out of whack. Look at their prices for MS64/65 FBL Franklin Halfs just as an example. All this hype over modern MS70 coins is garbage as well. Actually any modern stuff meant for circulation or the proof coins that are certified are over priced. The sad part is, I tend to believe people actually pay those prices. I think this will be a huge loser for those folks in the future. Even if there is a demand for this stuff.. the supply is virtually unlimited. That is why I don't think prices can really keep up for ever. Sooner or later the market has to fall out the bottom of the State Quarter phenomenon as well.</p><p><br /></p><p>I relish the day when Silver Mint Sets become bullion.... Then mine will be worth something....[/QUOTE]</p><p><br /></p>
[QUOTE="rhoggman, post: 399207, member: 13987"]I would have to imagine if some idiot dealer listed a 1,000 coin for 1,000,000, PCGS would have to ignore that listing or otherwise be labeled in a similar fashion. I don't think they would average in ridiculous numbers, unless they desire to become ridiculous. Also as to people making comments about some coins being high, and other coins being lower, or more reasonable according to the price guide I would tend to think that certain areas of the market are on fire. I have heard from many people/ sources that coppers are really seeing a boom right now. I think this would be a contributing factor to the relative high hammer prices for coppers in relation to the price guide. They may not be able to keep up. Also I think when you start dealing with modern stuff the prices tend to get out of whack. Look at their prices for MS64/65 FBL Franklin Halfs just as an example. All this hype over modern MS70 coins is garbage as well. Actually any modern stuff meant for circulation or the proof coins that are certified are over priced. The sad part is, I tend to believe people actually pay those prices. I think this will be a huge loser for those folks in the future. Even if there is a demand for this stuff.. the supply is virtually unlimited. That is why I don't think prices can really keep up for ever. Sooner or later the market has to fall out the bottom of the State Quarter phenomenon as well. I relish the day when Silver Mint Sets become bullion.... Then mine will be worth something....[/QUOTE]
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So is the PCGS Price Guide high?
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