The Liquidity factor is a measurement developed by J. T. Stanton, president of PCI Grading Company to indicate how quickly or how easily a coin or variety should sell at auction, given normal market conditions. Using a scale of 1 to 5, a Liquidity factor of 1 would indicate that the coin would not normally sell very easily or fast, and usually at a discount from suggested values. A Liquidity factor of 5 would be expected to sell right away, and generally command full or inflated suggested values. Hot or highly active market conditions would usually inflate the Liquidity of any coin, with a cold market causing the opposite.
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