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Valued Member
United States
306 Posts |
Quote:
Do you also feel that 'Trends' is attempting to keep the hobby alive by holding many prices high,. even as we see many coins sell for a much reduced percentage of the listed Trends price? I would argue that it is not a hobby if one is gauging strictly by price realized. Sure I like money as much as anyone. But I think the "hobby is kept alive" by educating and inspiring others through knowledge and the history of these fascinating pieces. Whether it be varieties, rarities, errors or just plain intriguing. History gets lost too often. Just my 2c.. (maybe worth 1/2 value or less).  |
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Pillar of the Community
Canada
2366 Posts |
I think Trends (and Charlton etc) draws on a wide range of sources for pricing. Trying to compare it to the latest prices on ebay is comparing (I presume) a large data set averaged over a longer time period to a much smaller data set over a much smaller time period. There will be discrepencies. And it may take a year or more for Trends to catch up depending on the formulas they use. That's why I don't treat it as any sort of Bible of coin prices. It's at best a guide. Like a stock-market analyst trying to predict future behaviour of a stock price based on historical data. There is only so much accuracy you can expect from it as it will always be lagging behind. Those lags become much more noticeable in the modern, more volatile environment of electronic trading (of coins with ebay etc as well as stocks) than it was 10 years ago when information and price changes moved at a much slower pace. Can't say I'm a big believer of conspiracies when human ignorance (in this case inability to immediately process huge amounts of data and accurately predict the future) is a sufficient explanation.  |
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Valued Member
Canada
187 Posts |
In my opinion, it depends. Every year in Charlton (and CCN Trends) some coins are overpriced, some are underpriced, and some are properly valued. Unfortunately I can't simply wave my magic wand and tell you which coins fall under which category (I'd be a lot richer if I could). In my personal experience, if I do a thorough search, and can't find a particular coin for several months, the final sale price generally exceeds the listed price in Charlton/Trends when it does come to market.
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Pillar of the Community
Canada
686 Posts |
I don't think trends are overstated to keep the hobby alive. In fact, as I understand price guides, I don't think trends is overstated at all. Trends, whether in CCN or Charlton, are generally designed to reflect the price that someone who wants to purchase a coin today should expect to pay from a dealer. They don't reflect the average sale price, or what you could get it for after shopping around. The question basically is, if I decide right now that I want to purchase a 1965 LBP5 penny in MS63, and head over to my nearest coin shop, without haggling, what should I expect to pay. It's really no different than the MSRP of many items. The MSRP of a certain 50" LCD tv may be $899. Best Buy and Future Shop may sell it for $899, meanwhile Wal-mart has it for $849. If you look around a little while, you may see that The Brick puts it on sale for $749 a week later. On Boxing Day, Future Shop has it for $599. So if you need to buy it today, and don't shop around, you'll probably pay $899. If you do a little shopping around, you'll get it for $749 - $849. And if you're prepared to wait for the right price, you'll get it for $599. Just hope your coin doesn't depreciate as much after purchase the tv. |
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Pillar of the Community
Canada
1330 Posts |
if you are really new prices should be a factor,search my friend and search discover this great obsession your first big discovery will lead you to the next and next and next big one,,,,,welcome to our family, and yes jg86 is right very unstable market
,,,,,i miss my pennies,,,
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Pillar of the Community
Canada
3234 Posts |
Ok eddio...What happened to your pennies?..  |
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Pillar of the Community
Canada
1700 Posts |
For me, the Charlton prices are the highest acceptable buying prices when I purchase a certain coin. J&M online catalogue is also a good reference of the most resonable prices for both selling and buying.
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Pillar of the Community
Canada
1330 Posts |
devlec,,,  I cant find any anywhere I got someone who brought me some from the states about 10 dollars worth ... |
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Valued Member
Canada
372 Posts |
As a new collector myself, I felt I needed a guide so I bought a Charlton. I understand that prices can be volatile so once a book is printed it may already be inaccurate to current markets.
I am just wondering about other errors that I have found like coins missing from the list and obviously incorrect pricing. An example is 1980 Canadian dime with wide O. I would be a very lucky fellow to get what the book says these are worth. I have never seen a narrow 0 which the book lists as common.
Printing errors are common, I get that. Overall are these books, including Krause or Harper publications pretty reliable?
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Pillar of the Community
 Canada
9865 Posts |
Quite a few errors in Charlton's, not surprising considering the scope of the work.
Never use it as a pricing guide.
"Dipping" is not considered cleaning...
-from PCGS website
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Bedrock of the Community
Australia
21788 Posts |
I have a 1970! (would you believe) copy of Charlton. I collect World coins, and so the information is good enough for me. My interest in World coins does not extend beyond 1970, anyway. By 1970, silver issued for circulation had stopped in most countries. I suspect though, that the pricing may be a little out of date.  |
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Valued Member
Canada
118 Posts |
Firstly, I'm speaking about Canadian coins only, based on my observations. I find Charlton's is a pretty good guide for variations, and less so for pricing. J&M's and CoinsandCanada's online catalogues are useful for pricing, though they skip a lot of variations (moreso J&M than CandC). It seems like with some vendors there is room for negotiation on price, and others hardly none. Like most small businesses, I suppose it depends on the individual who owns the business. ebay prices should be lower than buying from a store or collector in person, IMO, as you never have the coin in hand before pulling the trigger to purchase - mostly it works out, sometimes not. The odd bent coin would be an example of a coin that looked great in pics, and where the seller never said anything about the bending of it. Even ICCS graded coins that are allowed to go to auction rather than BIN often sell for far less than Charlton's or J&M's posted prices. ebay offerings that are BIN's with Best Offer options are often way over-graded, in my experience. Generally, it looks to be a tough market to move high value coins in particular, if your aim is to get near published prices. My definition of high value for the purposes of this post would be around $500 or more. |
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Pillar of the Community
 Canada
5400 Posts |
I have never , in my years of dealing used Charlton to buy or sell coins. That said the publication is invaluable as to research and a current copy is always on the corner of my desk. Pricing coins in Canada is very difficult because the market is very very small and quite thinly traded. A more reliable way to price Canadian coins is to use the Net ( ebay and other current auction results). Also attending coin shows gives you a pretty good idea as to the recent market. |
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Pillar of the Community
United States
1757 Posts |
Where is the BEST Canadian Blackmsith Token Price Guide?
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Pillar of the Community
United States
593 Posts |
sea_69l, I have a 1970 copy also and a 1958 1st edition of Canadian Coins book from when I got into collecting. Very interesting to look back on the prices, especially the key date. I would buy all the 47mls and 48`s I could. plus many others
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Replies: 21 / Views: 5,003 |
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Posted 09/19/2013 1:44 pm
