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<p>[QUOTE="Burton Strauss III, post: 2334838, member: 59677"]You see all kinds - several dealers I know are more digitally active and they use the dealer to dealer network tools, auction prices, etc. to price the higher valued stuff (HV can be as low as $200 and close to real time depending on how facile the dealer with the tools).</p><p>I still see a couple dealers using Coin World or another magazine and then graciously offering a discount from that.</p><p><br /></p><p>But for dealers who use greysheet etc., from discussions at the last couple local shows I would say the following, contradictory statements are 'true'...</p><ul> <li>Everybody knew the prices on thinly traded series were garbage, they hadn't be adjusted (properly, by more than fixed %s) in years</li> <li>Everybody knew the prices on the common stuff reflected 'pet' and 'favored' dealers not the real world</li> <li>As I said above, real sales had moved to sell at bid, buy 10% or 15% back of bid</li> <li>It was the only game so everybody played it</li> </ul><p><br /></p><ul> <li>CDN is now doing a slow dance to bring prices into line with reality<ul> <li>A few series at a time</li> <li>People are noticing both the 'increase' in value AND the decrease</li> <li>People are watching nervously</li> <li>There is a long way to go</li> </ul></li> </ul><p><br /></p><p><br /></p><p>Take my pet coin - 1871 3cs XF40 (business strike). This is a classic thinly traded coin (but not never traded) with a small population (and small demand).</p><ul> <li>PCGS <a href="mailto:1@40">1@40</a>, <a href="mailto:4@45">4@45</a></li> <li>NGC <a href="mailto:1@40">1@40</a>, <a href="mailto:3@45">3@45</a></li> <li>ANACS is down</li> <li>ICG has none</li> </ul><p>The last graysheet I have (August 2015) has 425 bid, 465 ask.</p><p><br /></p><p>PCGS has it at 690 in 40, 700 in 45 (unchanged since April 2013).</p><p><br /></p><p>NGC has it in "XF" at 650 up from 625 last May (2015).</p><p><br /></p><p><a href="https://www.ngccoin.com/price-guide/us/three-cent-silvers-pscid-20/1871-3cs-ms-XF-price-history-coinid-13692" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.ngccoin.com/price-guide/us/three-cent-silvers-pscid-20/1871-3cs-ms-XF-price-history-coinid-13692" rel="nofollow">https://www.ngccoin.com/price-guide/us/three-cent-silvers-pscid-20/1871-3cs-ms-XF-price-history-coinid-13692</a></p><p><br /></p><p>Last auction prices...</p><p> </p><p>1/11/2016 XF 45 NGC Heritage Auctions <a href="http://coins.ha.com/c/item.zx?saleNo=1231&lotNo=7347&type=NGC1231" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://coins.ha.com/c/item.zx?saleNo=1231&lotNo=7347&type=NGC1231" rel="nofollow">2016 January 6 - 11 FUN US Coins Signature Auction - Tampa Session(7), 1231/Lot#7347</a> $940.00</p><p>3/1/2015 XF 45 PCGS Heritage Auctions <a href="http://coins.ha.com/c/item.zx?saleNo=1218&lotNo=7150&type=NGC1218" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://coins.ha.com/c/item.zx?saleNo=1218&lotNo=7150&type=NGC1218" rel="nofollow">2015 February 26 - March 1 PNG Dallas Invitational US Coins Signature Auction - Dallas Session(4), 1218/Lot#7150</a> $1,145.63</p><p><br /></p><p>Ignoring the GC auctions which I think were non-sales (same lot#, same price, weeks apart and no record of sales at GC)</p><p><br /></p><p>two older auctions show clearly the NGC price is and has been bunk for a long time:</p><p><br /></p><p>3/24/2013 XF 45 NGC Heritage Auctions <a href="http://coins.ha.com/common/view_item.php?Sale_No=1183&LotIdNo=5069&type=NGC1183" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://coins.ha.com/common/view_item.php?Sale_No=1183&LotIdNo=5069&type=NGC1183" rel="nofollow">2013 March 21 -22 & 24 US Coin Signature Auction - Dallas Session(4), 1183/Lot#7237</a> $940.00</p><p>7/10/2011 XF 40 NGC Heritage Auctions <a href="http://coins.ha.com/common/view_item.php?Sale_No=1157&Lot_No=7446&type=NGC1157" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://coins.ha.com/common/view_item.php?Sale_No=1157&Lot_No=7446&type=NGC1157" rel="nofollow">2011 July Orlando Summer FUN Signature US Coin Auction Session(4), 1157/Lot#7446</a> $1,092.50</p><p><br /></p><p>So what's the price?[/QUOTE]</p><p><br /></p>
[QUOTE="Burton Strauss III, post: 2334838, member: 59677"]You see all kinds - several dealers I know are more digitally active and they use the dealer to dealer network tools, auction prices, etc. to price the higher valued stuff (HV can be as low as $200 and close to real time depending on how facile the dealer with the tools). I still see a couple dealers using Coin World or another magazine and then graciously offering a discount from that. But for dealers who use greysheet etc., from discussions at the last couple local shows I would say the following, contradictory statements are 'true'... [LIST] [*]Everybody knew the prices on thinly traded series were garbage, they hadn't be adjusted (properly, by more than fixed %s) in years [*]Everybody knew the prices on the common stuff reflected 'pet' and 'favored' dealers not the real world [*]As I said above, real sales had moved to sell at bid, buy 10% or 15% back of bid [*]It was the only game so everybody played it [/LIST] [LIST] [*]CDN is now doing a slow dance to bring prices into line with reality [LIST] [*]A few series at a time [*]People are noticing both the 'increase' in value AND the decrease [*]People are watching nervously [*]There is a long way to go [/LIST] [/LIST] Take my pet coin - 1871 3cs XF40 (business strike). This is a classic thinly traded coin (but not never traded) with a small population (and small demand). [LIST] [*]PCGS [EMAIL]1@40[/EMAIL], [EMAIL]4@45[/EMAIL] [*]NGC [EMAIL]1@40[/EMAIL], [EMAIL]3@45[/EMAIL] [*]ANACS is down [*]ICG has none [/LIST] The last graysheet I have (August 2015) has 425 bid, 465 ask. PCGS has it at 690 in 40, 700 in 45 (unchanged since April 2013). NGC has it in "XF" at 650 up from 625 last May (2015). [url]https://www.ngccoin.com/price-guide/us/three-cent-silvers-pscid-20/1871-3cs-ms-XF-price-history-coinid-13692[/url] Last auction prices... 1/11/2016 XF 45 NGC Heritage Auctions [URL='http://coins.ha.com/c/item.zx?saleNo=1231&lotNo=7347&type=NGC1231']2016 January 6 - 11 FUN US Coins Signature Auction - Tampa Session(7), 1231/Lot#7347[/URL] $940.00 3/1/2015 XF 45 PCGS Heritage Auctions [URL='http://coins.ha.com/c/item.zx?saleNo=1218&lotNo=7150&type=NGC1218']2015 February 26 - March 1 PNG Dallas Invitational US Coins Signature Auction - Dallas Session(4), 1218/Lot#7150[/URL] $1,145.63 Ignoring the GC auctions which I think were non-sales (same lot#, same price, weeks apart and no record of sales at GC) two older auctions show clearly the NGC price is and has been bunk for a long time: 3/24/2013 XF 45 NGC Heritage Auctions [URL='http://coins.ha.com/common/view_item.php?Sale_No=1183&LotIdNo=5069&type=NGC1183']2013 March 21 -22 & 24 US Coin Signature Auction - Dallas Session(4), 1183/Lot#7237[/URL] $940.00 7/10/2011 XF 40 NGC Heritage Auctions [URL='http://coins.ha.com/common/view_item.php?Sale_No=1157&Lot_No=7446&type=NGC1157']2011 July Orlando Summer FUN Signature US Coin Auction Session(4), 1157/Lot#7446[/URL] $1,092.50 So what's the price?[/QUOTE]
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