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Replies: 5 / Views: 1,850 |
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Valued Member
United States
71 Posts |
Apologies if this is in the wrong subforum, but it is a pretty off-topic question in just about any of them, I think.
As I have been evaluating different software packages, spreadsheets, and database options for my collection, one thing that I have noticed is that some of the software offerings offer pricing information. Being a software engineer, by trade, it piqued my interest to see if I could find any APIs or commercially available pricing databases for integration into third-party software. At all turns, I've come up dry. I've gone over Whitman's site, Beckett, NGC, and PCGS. Either I am missing something, or it just is not available.
If I had to guess, I would imagine that these developers are writing scrapers that go over closed auctions, or even scraping existing price guide data from published online price guides. Obviously, I am not a fan of the latter, because that is a bit of a grey area (closer to black than white).
Has anyone else ran across anything in their travels? Am hoping that there is someone on here who may have asked the same question and found better answers than I have so far. My next steps would be to start contacting the big names, and see what they say. However, I am rather non-commital to doing anything beyond researching what is out there. Right now, I have nothing definitive in mind - but I have not ruled out writing something, given the right source of data. Plus, I entirely expect that whatever it would be would be something I needed to pay for. Do not expect to find anything for free, of course.
Many thanks, in advance.
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Valued Member
United States
59 Posts |
That sounds like something that YOU are going to have to invent or write.
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Pillar of the Community
United States
5825 Posts |
Using posted coin prices is not reasonable. 1. They are generally out of date. 2. Their source info varies. 3. Are they quoting retail, wholesale, dealer-to-dealer, auction results, other? You can't mix them or you're doing the apples/oranges thing.
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Valued Member
 United States
71 Posts |
Thank you for the responses, both of you. Both are salient points that I have come to, as well. Value is definitely arbitrary, in terms of the source of where the data is gathered from. Not to single out any one example, but CoinManage has both proprietary valuations and ones that appear to be obtained from PCGS. For the former, the blurbs that I could find are the typical "compiled from various sources", which could be anything, really. The PCGS data is interesting, because that is one of the examples that I do not see any source of them making that data available for reuse/repackaging. Done legitimately, my assumption is that there is some sort of licensing agreement in place on the backend that allows LBS to include this information in their product. Not that I am considering writing something to reinvent the wheel, but something like an established source could be interesting, in terms of providing feedback on valuations - although, definitely not indicative of actual resale value. Most of these applications, I imagine, are for people wanting to track a reasonable insurable value for their collections. That is where the feasibility of it all comes in. My understanding (and I have not done this yet) is that most insurance companies would want an actual appraisal done on a collection for replacement value, which is yet another potentially arbitrary valuation. It does, at least, give me some things to think about. At times, I wish that I had a profession that did not have a tendency to want to cross over into my personal life. A fair number of my hobbies have applications that I have written for personal use, and I do not see that changing. In terms of the ideas that I have been kicking around, valuation is more of a "nice feature", as opposed to a requirement. Again, thank you both. At least I do have some thinking to do when I have some downtime. 
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Rest in Peace
United States
17900 Posts |
When you consider prices, if you are doing so for the benefit of collectors it is best to establish the MOST LIKELY price a given coin will sell for - NOT what they have sold for in the past.
If a coin is selling at $50, $50, $55, $74, &60 - it's LIKELY that the next price will be somewhere in that range.
The BEST REAL prices that can help you predict that next selling price is Heritage. They not only list every known price from every known source for each coin, but they also give their own "Value Range". That value range will be the RIGHT selling price for a coin far more times than you might otherwise imagine.
Plus, they include Coin Worlds Coin Value, CDN bid and ask, CCDN, Numismedia retail, CAC, and wholesale, NGC, NGC+, PCGS, and PCGS+.
ALL in one place for each coin with hundreds or thousands of selling results on the same page.
Nothing better. Especially when that Value Line is so often right.
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Rest in Peace
United States
17900 Posts |
One more point. Please keep in mind that the selling price for any coin, even in a particular TPG at the same grade may often vary considerably. I was just looking at a 1941-S Walking Liberty half on ebay, as an example, in MS-65. NGC or PCGS is all I look at. For that "same" coin the ranges in price went from $500 to $1000. Same with past selling prices - a huge range. The eye appeal is impossible to narrow down since each coin is individual and has had it's own individual trip to your hand.
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Replies: 5 / Views: 1,850 |
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