Yellow88, I buy alot of coins in on-line auctions (not
ebay). I find the going prices reflect that figure...hence my "real world" pricing. Any price sheet, especially those like NGC's are set as a suggested value, essentially arbitrary. They all base their figures on population and a percieved value, not what seems to be actualized at final purchases. You find this even at large scale high dollar auctions like Stack's or Heritage were the rated value of 10 mil goes for 7.5mil when hammered down. Ideally, we would like these figures to reflect reality in the buyer/seller market, but it isn't so.
For instance, I price out a Prussian 1866A Thaler, MS63 @$150.00, my max bid would be $45(taking fees into account). My actual hammer price was $42 against other bidders as well. Now some may say stay at melt value of $10...but I felt it was worth going up because of the grade.
Now, as a final point. I DO use figures as NGC's when valuing my collections for insurance purposes against loss. Since the figure is public knowledge, and my coins are photo-documented, I stand a very good chance of getting a very good replacement in light of a disaster. Most homeowners policies DO NOT cover the loss of any collectable unless proven through documentation and the policy has a rider on them. Keeping your collection secure(safes, deposit boxes) is one thing, how about loss?
