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What do Auction Prices Represent?

October 17, 2015 in Antique Coins, Auctions, Blogs, Coin Grading, Coins, Collecting, Education, Gold Coins, Grading, Investing, Numismatica, Numismatics, PCGS (Professional Coin Grading Service), Rare Coins, USA Coins

By: Doug Winter RareGoldCoins.com (Douglas Winter Numismatics)

For better or worse, the current market has come to heavily rely on auction prices to determine the value of a wide range of coins. I am often asked: do auction prices represent wholesale or retail? A one word answer: both.

The coin market is quite possibly the most transparent market there is in any hobby or collectible. PCGS, NGC, and Heritage provide comprehensive databases for nearly any major issue of United States coin, in a variety of grades. In theory, even an unknowledgeable collector now has access to records which only the most sophisticated dealers and collectors could access as… Full article at the source>

Source: RareGoldCoins.com (Douglas Winter Numismatics)

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