Updated prices?????

[Joe S.-migration]

I know that the "current" market prety much determines the prices of graded coins but, who/what determines the price in 10 years?

 

For example: if I send in a 2009-S, Kennedy Half and it gets a PF70 and prices up at $30.00, then who/what determines the price in 10 years? Are prices automatically updated on the site? Do we have to request for them to be updated???

 

I see that prices rise and lower on the site, but what makes this happen?

[Schatzy]

The prices are determined by Numismedia so you may want to go to that section.

 

go to the Ask Numismedia section

 

 

 

 

I see that prices rise and lower on the site, but what makes this happen? Its all about supply and demand and they avg. what the going rate is in the marketplace.

 

 

[Joe S.-migration]

How do they get the "going rate"? Is it through reports from dealers or auctions?

[jackson64]

all of the above...and greysheet ask/bid (plus a bit for retail costs)