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<p>[QUOTE="GDJMSP, post: 974198, member: 112"]Every price guide there is tells you how they arrive at their prices. More than a few of them list only the very highest price ever realized for a given coin in a given grade. Others compile their prices based on what certain dealers around the country are asking for that particular coin. And others will take realized prices from all kinds of sources, average them all together and list that price.</p><p><br /></p><p>But there's a bigger problem than any of this. Many people have this idea that any coin of a given grade is worth the same amount every time. This is simply not true. And a look at realized prices from any source, every source even, will show you this. You can look up realized prices for a particular Morgan dollar say in MS65 and what you see is that the prices realized for that coin will range from $300 to $700. </p><p><br /></p><p>So how do figure out what that coin is worth with a range like that ? You don't. You just know what the range is and that's the best you can do.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 974198, member: 112"]Every price guide there is tells you how they arrive at their prices. More than a few of them list only the very highest price ever realized for a given coin in a given grade. Others compile their prices based on what certain dealers around the country are asking for that particular coin. And others will take realized prices from all kinds of sources, average them all together and list that price. But there's a bigger problem than any of this. Many people have this idea that any coin of a given grade is worth the same amount every time. This is simply not true. And a look at realized prices from any source, every source even, will show you this. You can look up realized prices for a particular Morgan dollar say in MS65 and what you see is that the prices realized for that coin will range from $300 to $700. So how do figure out what that coin is worth with a range like that ? You don't. You just know what the range is and that's the best you can do.[/QUOTE]
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Transparency in online price guide calculations?
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