Ngc Slabbed
What does the NumisMedia FMV of a gold coin really represent?
I’m starting to sell off some NGC slabbed gold coins. When I do my research, the NumisMedia FMV price is always about double what I am able to actually sell them for, so I’m wondering what exactly Fair Market Value means? Is this what I should get for the coins in a decent economy? Should I hold onto the coins until people are paying that much? I’m a bit confused…
Thank you.
Fair Market Value means just that, what willing buyers and sellers are willing to trade at right now.
Any price quote that is not met by a buyer in a short amount of time is too high. Other than lowering your askign price, choices would be to increase the marketing of the product, in this case collectible coins, to try to get the desired sell price, or to wait some amount of time.
The risk is that by waiting, you could actually get even less money if the price falls further.
My Coin Collection #19: Slabbed coins: ICG, ANACS, PCGS, NGC