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 Replies: 19 / Views: 7,101 |
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Pillar of the Community
Canada
2495 Posts |
Take 50% of the Canadian Trends price and that's a good ballpark figure of what it'll sell for on ebay. Prior to 2008, it was 80% and higher, but times have changed and the market is in the dumpster, so if you're a buyer, it's a great time to be collecting. Dealers buy at around 30% to 35%, but most dealers don't even want to buy even at these rock bottom prices, as their pre-existing inventory is just collecting dust in their showcases. Edited by doubleeagle59
11/10/2017 06:45 am
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Valued Member
 Canada
125 Posts |
Quote:The CaC guide section and Trends is "full retail" prices and, as north of 49 says, you should be able to by at around 70% of those prices and sell for 30-40% of them. Guides are just that .. guides and it will tell you if something is worth a little more or less than another "something". If you want prices, look at ebay "sold" prices (not asking price) .. they're accurate. Yes that is what I found recently talking to a dealer about selling a rarer Newfoundland coin. The price for it was $235 and he was willing to pay me $63 for it. Last time I was really into coin collecting was in 2002 and dealers were definitely paying more back then. Thanks for all your feedback :) |
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Pillar of the Community
Canada
586 Posts |
My dealer gave me a small booklet that he said he uses to make offers. It really is a small booklet with very cheep quality paper to the pages. I'll post again if I can think of the name.
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Pillar of the Community
710 Posts |
Is that the "Charlton Coin Guide"? It's a thin book with dealer (very low) dealer buying prices.
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Pillar of the Community
Canada
1051 Posts |
High coin prices are just like high stock market prices - everyone thinks they are winning, so it's in the best interest of all. There's little incentive for price guides to try and track reality. As with anything else, real sales data is the most current reflection of what things are *actually* selling for. Some rare items will still command full trends (and sometimes even more), some items (1960's+ PL small denominations coins) may only be worth a few percent of their published "value".
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Valued Member
Canada
324 Posts |
Looking at historical ebay sales is a great way to determine actual market value. Its a more arduous process but its also the most accurate IMO. |
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Pillar of the Community
Canada
586 Posts |
Yeah, that sounds like the book. Didn't realize it was the Charlton. Thx
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Pillar of the Community
 Canada
5590 Posts |
I think that he's talking about the Canadian equivalent of the "grey sheets". I didn't know that we still had them, but the dealers up here DO have a cheap-paper buyers price sheet. Don't think that it's Charlton.
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Pillar of the Community
Canada
2519 Posts |
Is it the book with a list of prices for RCM stuff (PL sets, SP sets, proof sets, single coins by denomination, etc)? It's called the Canadian Coin Dealer Newsletter, if I remember correctly. |
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Pillar of the Community
Canada
3733 Posts |
and I wish anyone luck in buying from ebay at 70% of trends, there are very few sellers who sell that cheaply..when you figure fees on top of everything. I sell and I use trends as a starting point. I too prefer to use ebay sold prices as a guideline to actual prices realized.. |
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Pillar of the Community
 Canada
5400 Posts |
Okie , you are talking about Mike Findlay's (CCDN) Canadian Coin Dealer News Letter. Comes out rather infrequently, about 3 to 4 Times a year .
Canadian Coin current Market , with a few notable exceptions is shall we say ............to be polite..........not the best!
In speaking to a couple of prominent BC dealers, pedestrian stuff (ICCS certified) about 30 to 35 per cent is all you are going to get . IF and that is a big IF they even want it. There are some notable exceptions.
There is so much stuff around right now you can just pick and choose, being very fussy while you are at it!
To say that Cash is King in this market is quite true!
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Pillar of the Community
Canada
2495 Posts |
Quote:
There is so much stuff around right now you can just pick and choose, being very fussy while you are at it! So true. But you're leaving out the other half of the equation...... There are no buyers for all this inventory. So, the 'coin' equation for the Canadian market is: TMI + NB = CM where, TMI + too much inventory NB = no buyers and CM = C*appola market Edited by doubleeagle59
11/10/2017 7:05 pm
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Valued Member
Canada
228 Posts |
It is indeed a great time to be a collector! On the other side of the coin, from an investment standpoint, coins that I've purchased over the last 10 years have depreciated a fair bit. However, I've always approached coin collecting as being a hobby far above being an investment. I only buy coins that I like, that way if the coin market temporarily tanks (like any other market), I'm still generally happy with what I've bought.
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Pillar of the Community
Canada
1442 Posts |
It all depends on what you collect...
I can't find the stuff that I collect at any discount...
Used to pick off Canadian Large Cent 1859 9 over 6 in VF-EF for $200-$300...haven't seen one in YEARS
How about a really cheap 1906 25 Small crown in VG+ or 1858 10c 8/5 in VF+ ? Anyone wanna sell one even at 50% of trends?
I think it's all about what you collect...
Lets face it...most people dont collect quality or rarity and if you collect generic "crap"...that's the stuff that goes to 0 in a bad market...
Interesting that someone mentioned Newfoundland coins...my Newfoundland coins are flying off the shelves!
Edited by canadian-varieties
11/12/2017 9:46 pm
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Valued Member
Canada
125 Posts |
Quote:Looking at historical ebay sales is a great way to determine actual market value. Its a more arduous process but its also the most accurate IMO. Ya that is what I am finding too. A much better reference I think. Although what is not shown is how many of the same coin were/are for sale. That would be a helpful number to have because then you can see there was one sale at a list price which is good, but there were 20 other coins of the same grade sitting there not being sold. |
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Posted 11/10/2017 08:20 am
