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 Replies: 16 / Views: 2,641 |
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Pillar of the Community
United States
5826 Posts |
From last night...  Why all of a sudden drop? Did someone or group flood the market with these grades? |
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Pillar of the Community
Canada
3167 Posts |
WOW! That is one hefty loss if you owned a bunch of those.  |
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Pillar of the Community
United States
1208 Posts |
Typos?
If so, someone is going home unemployed!
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Pillar of the Community
 United States
5826 Posts |
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Pillar of the Community
United States
5826 Posts |
Just to show all that coin investment is not for the faint of heart, and is more for the hobbyist who can withstand the market ups and down.
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Pillar of the Community
Canada
3167 Posts |
Dying to know why they dropped...
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Valued Member
United States
359 Posts |
Holy cow, can't wait to hear what the explanation is for this... |
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Pillar of the Community
United States
2311 Posts |
Edited by solotime
02/07/2013 10:22 am
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Pillar of the Community
United States
1796 Posts |
It's simply what people will pay due to how they take a shine to them.
This is why it's so silly for PCGS to treat coins like they're stocks with their price sheets (winners and losers; it is ridiculousness).
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Pillar of the Community
United States
2311 Posts |
It's kind of something to know. If you buy coins that are not over 100 years old. They don't have high sell value in MS. I can pick up a MS-65 mercury dime for like 23.
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Bedrock of the Community
United States
20753 Posts |
Ever look in the back of the Red Book at prices on Proof sets? So many are rated less than issue prices and the Red Book is known for way to high in prices too. |
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Moderator
 United States
188213 Posts |
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Just to show all that coin investment is not for the faint of heart I am very glad that I am a collector, not an investor.  |
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Pillar of the Community
United States
1302 Posts |
those prices from yesterday were all wrong. that's why. a 1957-D is in 66 was never a 500.00 coin. 65+ grades were never more than $100. Those were just bad prices from yesterday represented on that chart.
There were some drops in high end material recently- that was because the 2nd highest rated registry set sold for 30 cents on the dollar. most of these coins were dogs- which is why they got god pricing.
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Pillar of the Community
United States
5826 Posts |
Quote:
This is why it's so silly for PCGS to treat coins like they're stocks with their price sheets (winners and losers; it is ridiculousness). PCGS Nasdaq symbol is CLCT, technically they are in the stock market. |
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Pillar of the Community
United States
3755 Posts |
PCGS prices have always been off and not something I never used. Yet another example of why they are an over blown over rated company. This was not a market correction or the like. The prices they are showing now are the prices that were listed on Coin World all along. Simply their attempt to raise the market on their slabbed coins. Quote:
If you buy coins that are not over 100 years old. They don't have high sell value in MS REALLY? Oh cool! That means I can finally get a 32D or S quarter or 16D Merc or 14D LWC in MS for under 100.00? Send them to me and I will write you a check for 400 bucks. I know the 09S VDB is now over 100 years, but only by a bit, so you think you could let me have that one for 300.00 in MS65? Thanks. |
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Bedrock of the Community
13014 Posts |
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Yet another example of why they are an over blown over rated company. They all do the exact same thing, thats nothing unique to PCGS |
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Replies: 16 / Views: 2,641 |
Posted 02/07/2013 09:49 am
