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Should CCN "Trends" Numbers Be Revised To Better Reflect Market Reality?

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Pillar of the Community
doubleeagle59's Avatar
Canada
2495 Posts
 Posted 12/15/2016  10:50 pm  Show Profile   Bookmark this reply Add doubleeagle59 to your friends list Get a Link to this Reply
A dealer using trends to price a sale is fine with me, as long as they don't use the old price of 80% to 100% of trends.

Current retail pricing should be between 50% to 75%.

Valued Member
Canada
220 Posts
 Posted 12/15/2016  11:52 pm  Show Profile   Bookmark this reply Add twoods to your friends list Get a Link to this Reply
Not sure what the point of using inflated values is...why not use current fair market value using legitimate last known solds as the guide...maybe someone can clarify why they list the higher values as they do?
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trout1105's Avatar
Australia
7096 Posts
 Posted 12/16/2016  12:06 am  Show Profile   Bookmark this reply Add trout1105 to your friends list Get a Link to this Reply

Quote:
maybe someone can clarify why they list the higher values as they do?


Simply because many collectors accept that the "Trends" are valid and just fork out their money.
This equates to bigger profits for the dealers so of course they are reluctant to have trends reflect the true market values
Pillar of the Community
Canada
1461 Posts
 Posted 12/16/2016  11:44 am  Show Profile   Bookmark this reply Add TheCoinHunter to your friends list Get a Link to this Reply
DE, 50% works, %75 aside from certain key year/grade combinations is overly optimistic.
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NumisCat's Avatar
Canada
288 Posts
 Posted 12/22/2016  10:46 am  Show Profile   Check NumisCat's eBay Listings Bookmark this reply Add NumisCat to your friends list Get a Link to this Reply
I have mentioned this to CoinHunter before. Frankly, I think an overinflated Trends is demoralizing, misleading, and has a profound effect on diminishing interest in the hobby. For those just starting out who buy at or near Trends, they may feel disheartened by not getting anything close to even half of what they paid when it comes time to sell. Also, anything product that has to be discounted by 50% comes off as unappealing to the consumer. It often suggests something is wrong with the product.

A complete refresh would reinvigorate buyers, which is exactly what this industry needs. Satisfying dealers with high Trends values is one thing, but generating interest in the hobby again by having prices reflect reality would go a long way, I think. Just one man's opinion.
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