Why is there such a discrepancy between the prices (both Scott and the various PRC dealers) on recent new issues with the same face value?
Much of the reason is the failure of the PRC agency to be able to supply recent PRC new issues in a timely manner. This has forced dealers to try and find supplies elsewhere in the world. The forces of supply and demand inside China greatly affect the prices the outside world has to pay to get the new issues. Scott’s prices are supposed to be an average of the various dealers prices they sample.
