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<p>[QUOTE=&quot;Burton Strauss III, post: 24628866, member: 59677&quot;]Well...</p><p><br /></p><p>/1/ WHY?</p><p><br /></p><p>/2/ Somebody has to do the work, either you or somebody you pay to do the work.</p><p><br /></p><p>Why is a tricky question, because there isn&#039;t just one value.</p><p><br /></p><p>THere is a value you would receive were you to sell the coin.</p><p><br /></p><p>There is a value you would pay to purchase the coin.</p><p><br /></p><p>AND</p><p><br /></p><p>There is a value for insurance purposes that should be full replacement cost.</p><p><br /></p><p><br /></p><p>Let&#039;s say you are talking about, oh, an ordinary common date Morgan say an 1881-S in MS-63. Nice MS-63, but still MS-63.</p><p><br /></p><p>Replacement is fairly easy, there are 10000s of coins, some of which will be available at any time. PCGS price guide is $96 and they&#039;ve graded over 77k.</p><p><br /></p><p>Step that up to MS-69, the population is 2, price guide is $165,000 - do you think the owner of the now only MS-69 coin is going to part with it for that? &quot;This cert is currently in a user&#039;s private Set Registry Inventory&quot; and it hasn&#039;t been seen at auction since 2009...[/QUOTE]</p><p><br /></p>

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