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 Replies: 18 / Views: 2,175 |
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Rest in Peace
Australia
661 Posts |
Malissa, please also be advised that the Krause values for Australian coins do not in any way resemble actual values.
Most are under valued bay about 50~70 %.
regards
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Pillar of the Community
 Canada
1931 Posts |
thanks muckeye. I wonder why they do that? That's very strange. Is it like that with anywhere else that I might need to know about?
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Pillar of the Community
United Kingdom
1077 Posts |
In my experience Krause prices are not very accurate for most countries. They tend to give a guide as to whether a certain coin is fairly common or not, but not much more.
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Pillar of the Community
Canada
1931 Posts |
Really? That doesn't sound so good since I am currently selling of my world coins in groups by year. LOL So then what would be a good world listing to look under? I was under the impression that Krause is the best for world coin searching.
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Moderator
 Australia
16867 Posts |
To paraphrase Winston Churchill: Krause is a terrible world coin price guide; it's just better than any of the alternatives. In the case of Krause, this is mainly because there aren't any alternatives. Some of the errors in Krause come from what can only be described as sloppy researching. Take the Australian Victoria Cross dollar coin, KM# 493. Last I heard, Krause was still listing it at just a few dollars; that's the price Don lists it for over on WCG (Don gets his prices from Krause). He doesn't have a picture of one, and I'm not surprised; this coin hasn't sold for less than $100 since shortly after it was issued. All the ones currently on eBay are selling over AU$150; AU$200 is still "normal". Some come from typographical errors that have never been corrected. For example, If you've got a Serbian silver coin from 1915, don't bother looking it up in Krause; you will only become confused, because it will almost certainly appear that you have got a scarce variety. Some pricing errors come from the fact that Krause is an American book, and reflects what they believe supply and demand in America is going to be for a coin series; this doesn't take into account local demand, something you have to do in today's globalized marketplace. For example, it's the "new rich" class in Russia that drove the price for Russian and Soviet coins higher than Krause lists them at. But as a general rule, the Krause guide prices are usable. After all, most of your customers are going to be using it, too. But if you've got coins sitting around unsold for ages with what you think is a generous pricetag, or auctions that perform far higher than you expected, you might have encountered one of these errors. Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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Pillar of the Community
Canada
1931 Posts |
thanks sap!
I only sell on the forum so most likely I won't be encountering too many instances of under or over value. I think most would tell me if I was about to make a sale I shouldn't. You would think if it's a well known fact that the krause doesn't quite list right that they would make an effort to correct themselves. I find that a little frustrating to be honest.
thanks for your help everyone
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Valued Member
Italy
244 Posts |
I got a feed-back from a Georgia coin collector that "Gunter Schon katalogue" http://www.amazon.de/Weltm%C3%BCnzk...p/3866460171 it's much more better than Krause for prices. Unfortunatly I'm not able to find it to buy manually, only in internet, but since it is in German language, that I don't know, I would like to see it on some pages before to buy. Anyway, it may be an alternative to Krause. |
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Pillar of the Community
Germany
1238 Posts |
Sample pages of the Schön catalog can be viewed at the publishing house's website. http://www.gietl-verlag.de/weltmuen.../themen.htmlClick on the icon next to "Inhaltsverzeichnis" to view the table of contents (plus a few introductory pages); and/or the icon next to „Leseprobe" to view a few sample pages - Central African Republic and Cyprus for example. I have both the Schön (2007 edition) and the Krause (2004 edition), and yes, in some regards the Schön is more comprehensive. However, since it is in German, people who do not understand the language will still not consider it to be a viable alternative or supplement.  Also, it has in quite a few cases less information about mintage figures for specific years, and fewer photos than the Krause. The Krause sure is better if you want to locate a coin, also because the coins of a country are sorted primarily by denomination. The Schön sure is better if you want to learn more about a coin you have (more "background" info for many commems) and sorts the coins primarily in a chronological order. Makes it more difficult to quickly find "your" coin - makes it easier to find the other pieces issued in the same series ... Christian |
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Rest in Peace
Australia
661 Posts |
I have been in contact with Tom Michael, a cataloguer at Krtause for the past four years, regarding their pricing on Oz coins.
Nothings changed.
In my humblle opinion, I don't think think they give a s**t.
All talk, no action.
regards,
Edited by muckeye
10/23/2008 07:37 am
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Pillar of the Community
United States
1415 Posts |
chrisild,
By way of a favor. I have a couple of German coins that do not appear to be in Krause. Would you mind seeing if there is any mention in your references?
My avatar is one - 1914 Hamburg 20 Mark
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Pillar of the Community
Germany
1238 Posts |
1914 seems to be a modern counterfeit. According to Schön's catalog about German coins, "Prägungen ... mit Jahreszahlen 1892, 1896, 1898, 1901, 1903-1906, 1909-1912, 1914 sind private Phantasieerzeugnisse (Fälschungen) aus späterer Zeit (zwischen 1954 und 1963)." So a Hamburg 20M coin with any of these years is a private product/counterfeit made between 1954 and '63 ...
Christian
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Pillar of the Community
United States
1415 Posts |
chrisild,
THANX for the information. I made a mistake it is a 1911. But from what I tend to decipher ( I can't read German) it is also a modern counterfeit. I guess I am going to change my avatar.
Also the other coin is a 1950 J 50 phennig.
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Valued Member
United States
357 Posts |
If you really want to know what your coin is worth you much do one thing research research research look for past auctions and ebay is always a good indicator of what a coin may get in the open market. hope this helps. |
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Pillar of the Community
Germany
1238 Posts |
Quote:
I guess I am going to change my avatar. Nah, no need to - it is a good design, I think, and the piece will still be worth its gold content. Besides, the avatar shows one side only - apart from those reading this, nobody can tell the year from the image.  I would keep it unless or until you get bored with it ... Quote:
Also the other coin is a 1950 J 50 phennig. That is not a German Reich coin, as you can tell, but a piece from the Federal Republic of Germany, and that type was in circulation until the end of 2001. In fact, it was very common to find 50 Pf coins dated 1950 even ten years ago or so: This denomination, and a few others, started with a frozen date. So all 50 Pf pieces made between 1950 and 1965 (mintage for J/Hamburg: 102,735,631) show the year 1950. Value? About €1 in VF. But I like the design, with the woman planting the little tree - both the "look" and its symbolic message. Among the Federal Republic's circulation coins, that is the best one, I think. Christian |
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Valued Member
Spain
58 Posts |
What about German State coins? I have always thought prices in Krause are undervaluated.
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Replies: 18 / Views: 2,175 |
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First Page
Posted 10/21/2008 08:51 am
