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<p>[QUOTE=&quot;Arizona Jack, post: 314293, member: 9308&quot;]Excellent thread</p><p>&nbsp;</p><p>My take on it is this. Price guides are starting points for average material, average material in a stable market. They are accurate enough the day they are printed, which may be weeks before release, especially magazines which may have 2-3 months lead time. CDN is by far the most current.</p><p>&nbsp;</p><p>CDN was actually a coin DEALER newsletter with starting points for dealers to trade at with average material.</p><p>&nbsp;</p><p>The term average. In my focus, lets take a 1926-S Lincoln Cent. VF-20 bid/ask is $13.00/$14.50. </p><p>&nbsp;</p><p>The average 1926-S Lincoln is weakly struck with worn dies. Many sellers on ebay will only picture the obverse. The reverse on this date, and many of the early 20&#039;s decade are just plain ugly.</p><p>&nbsp;</p><p>( the 1922 screams explanation points on this ).</p><p>&nbsp;</p><p>Finding an average VF-20 1926-S Lincoln is not difficult, and you should expect to pay a price near ask, bid if you find a bargain. Less if there is any problems , such as cleaning, extra soft strike, stains etc.</p><p>&nbsp;</p><p>Finding a superb, well struck 1926-S with full hair and jaw detail, strong and seperated wheats and even lettering, an eye appealing coin with original surfaces, say a VF-30 or 35 that stands out from the rest, you cannot expect to pay CDN ask. There is a premium, and the tougher the date/condition, the higher the premium.</p><p>&nbsp;</p><p>Average Joe looks at the CDN and it says $13 bid. &quot; Why are your prices so high?&quot; The answer is easy you would think.</p><p>&nbsp;</p><p>These are my thought on my subject alone, but I do think they apply industry wide. Will I pay over bid ? You betcha, every day I can, if the material stands out from the rest.</p><p>&nbsp;</p><p>Does my price change on same coin, if I paid well over ask or I sniped it for 60% of bid?&nbsp; NO, it is priced at what the coin is worth to me. I sit on alot of coins for this reason. But, there are collectors who I work with alot, get to know them and their collection, and will always give them the good guy price. They have the better collections too, far above average and worth more than &quot;bid&quot;.</p><p>&nbsp;</p><p>Think about it.</p><p>&nbsp;</p><p>I&#039;ll put on my flame suit and take the heat on this, but I was asked MY opinion.:kewl:[/QUOTE]</p><p><br /></p>

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