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 Replies: 9 / Views: 1,893 |
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Valued Member
Canada
495 Posts |
I suggest a revision in Trends to read:
NOTE:
Commencing in 2016 we wish to inform the community of collectors that our pricing will be reduced by 40% of the listed values and deeply apologize to all of you who foolishly relied on our opinions these many years for the "illusion" of wealth. Its probably not a good idea to ever sit down and review what you have accumulated with your spouse at this time. It might be better to leave your collections to one of the grandkids and tell them to sit on it for 30 years. Thank you and have a great year staff.
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Pillar of the Community
Canada
5324 Posts |
It's kind of strange to say this but after a couple months if they take this advice, the dealers will still offer 60%of the new trends.
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Pillar of the Community
710 Posts |
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Pillar of the Community
Canada
2366 Posts |
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Rest in Peace
United States
17900 Posts |
PCGS, NGC, Coin World, & Numismedia Retail can also jump on that same bandwagon. My favorite choice for REASONABLE coin values is Heritage's "Value Index". |
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Pillar of the Community
Canada
1192 Posts |
The best analogy is to compare coins to cars and think of trends as the "sticker price". Some people do pay full price, usually at dealerships who offer better warranties, have better reputations, stock that no one else has, etc. Those who deal hunt and haggle can get better prices, sometimes on comparable vehicles, but often on ones which need some work or have drawbacks. Also, think of places like ebay as a fleamarket where things rarely sell for full retail. Taking those things into account, "Trends" isn't nearly as off as it may seem on the surface. |
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Pillar of the Community
Canada
2495 Posts |
ebay 'completed items' for the most reliable true 'worth' of one's coins. Now how you take this ebay value and turn it into a retail price for Trends is another matter.
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Rest in Peace
United States
17900 Posts |
Although ebay "completed items" is a wonderful resource for closed real-world prices, you have to see the RANGE of prices on the same coin in similar grade/condition to utilize those prices successfully. In other words, if I'm looking for a Coin X in Y grade the closed prices for that "exact" same grade coin may vary considerably depending on many other factors. Photo quality, seller reputation and feedback, detailed presentation, category location (there are a LOT of bargains to be had that are listed in the wrong category), Heading listing, time and date of closing, and eye appeal are just a few of the things that effect how much the "exact" same coin will sell for. If you check completed sales for any given coin that is listed in the same grade you will almost always see a wide range of actual realized prices because of those differences. Keep in mind that the "top 20%" of the more valuable and popular key issues will be found most commonly in BIN or BO offerings. Unreserved auctions of those same items will almost always sell for less than the lowest BIN. |
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Pillar of the Community
 Canada
5589 Posts |
If everyone knows that you can get just about any coin, except for the rarities or very high grade, for 70% of Trends, it really doesn't make a difference what the listed price is. A dealer will dicker or not .. and if not, find somewhere else to do business. In my mind, a dealer must make at least a 50% profit on individual coins just to stay in business .. if not closer to 100% in reality. If he sells for 70% he needs to buy at 35-40%. Any store in a mall is making more than 200% on his merchandise, but only 50% when it's on sale. An astute collector needs to be an astute buyer as well and you do that by knowing what a coin is actually worth, grade and all.
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Valued Member
Canada
395 Posts |
Trends really don't matter they are only a small guideline and in the end both the buyer and the seller have to agree to a price and anything is only worth what someone will pay for it. The only annoying part is the dealers that don't dicker AND list a full trends, and in that case they're probably a crook and you should go else where.
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Replies: 9 / Views: 1,893 |
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Posted 12/26/2015 12:47 pm
