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<p>[QUOTE="geekpryde, post: 3910280, member: 36248"]Here's Doug cutting right to the chase again. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" /></p><p><br /></p><p>Back when I was actively buying coins, it always bothered me when I checked a cert, saw PCGS guide price, then a few inches lower, previous auction(s) for that <u>exact</u> coin, and then with another click, auctions of other examples of that coin type, and none of them jived with the other. I mean, it's all staring a user right in the face, plenty of data, and yet, most people don't look any further than the price guide price. </p><p><br /></p><p>I did then, and will continue to think of PCGS price guide a High Retail Price. Full MSRP if you will. Sort of the highest of the high anyone should pay for a generic example of that coin, and only when sitting down in a swanky dealer store, sipping an iced tea and getting a back rub at the same time, while the dealer strokes your ego. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie77" alt=":pompous:" unselectable="on" unselectable="on" /></p><p><br /></p><p>Like Doug said, actual completed auction results is the single best (only?) real method we have. Auction data is abundant, easily accessible, free, and of high quality. Why would anyone NOT use it? Of course, since every coin is it's own special snow-flake, you have to price that in up or down to what we find with auction data. </p><p><br /></p><p>Like my post about CAC, PCGS price guide still has it's place in my opinion. It's a "guide", gives you a general idea of the MSRP of a coin to the layman. Is it a $10 coin, $100 coin, $1000 coin.... So, I still like having the tool in my toolbag, but for the dedicated collector, the CT members of the world, the "advanced hobbyist", there are better tools to reach for.[/QUOTE]</p><p><br /></p>
[QUOTE="geekpryde, post: 3910280, member: 36248"]Here's Doug cutting right to the chase again. :D Back when I was actively buying coins, it always bothered me when I checked a cert, saw PCGS guide price, then a few inches lower, previous auction(s) for that [U]exact[/U] coin, and then with another click, auctions of other examples of that coin type, and none of them jived with the other. I mean, it's all staring a user right in the face, plenty of data, and yet, most people don't look any further than the price guide price. I did then, and will continue to think of PCGS price guide a High Retail Price. Full MSRP if you will. Sort of the highest of the high anyone should pay for a generic example of that coin, and only when sitting down in a swanky dealer store, sipping an iced tea and getting a back rub at the same time, while the dealer strokes your ego. :pompous: Like Doug said, actual completed auction results is the single best (only?) real method we have. Auction data is abundant, easily accessible, free, and of high quality. Why would anyone NOT use it? Of course, since every coin is it's own special snow-flake, you have to price that in up or down to what we find with auction data. Like my post about CAC, PCGS price guide still has it's place in my opinion. It's a "guide", gives you a general idea of the MSRP of a coin to the layman. Is it a $10 coin, $100 coin, $1000 coin.... So, I still like having the tool in my toolbag, but for the dedicated collector, the CT members of the world, the "advanced hobbyist", there are better tools to reach for.[/QUOTE]
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