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 Replies: 16 / Views: 3,235 |
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Valued Member
United States
90 Posts |
Poll Question
I have two collections: 1. locked up in safety deposit box. this includes coins passed down from my great grandpa that have a very high value. 2. Coins I physically collect, sell, trade and buy on a regular basis. I added up all the coins and paper money in my sale and figured out how much I paid as oppose to how much trend states they're worth (based on completed listings on ebay and value of coins and canada . com) and found that I'm in the ball park of paying about 60% of trend This means I paid about $60.00 for a $100.00 coin. (trades help though) Yesterday I purchased a VG-08 Canadian 1925 nickel for $80.00, made a trade local this morning for 6 x $20 for $20 (Reindeer, Wolf, Hockey, Queen, Polar Bear and Penny) Went to my local coin shop and sold each for $22.50. Total spent: $80.00 Total Sold: $135.00 Profit: $55.00 in 1 day!
Edited by bullion-investor13
06/11/2013 2:50 pm
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Pillar of the Community
United States
1436 Posts |
I am always on the lookout for the best deals, and for most of my purchases, I believe the coins/tokens I've bought to be a good deal. However, there have been instances where I know I over-paid because I really wanted a specific coin/token. Some days your the bug, and some days you're the windshield.  |
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Moderator
 Canada
10456 Posts |
There is no option for buying above trend prices. At the highest grades, and with the best eye-appeal, you can toss the Trends price guide out the window. For a premium small cent, full red, no carbon spots or interruption of lustre, with superb surfaces, I pay a hefty price above trends. For nickel dollars, I pay a lot, if I agree with the seller for MS-66+ grades. That said, if I can find a deal in an auction or at a coin show, I take it!!
"Discovery follows discovery, each both raising and answering questions, each ending a long search, and each providing the new instruments for a new search." -- J. Robert OppenheimerContent of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_USMy eBay store
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Pillar of the Community
Canada
2366 Posts |
 I use different levels for coins that are filling primary holes vs exceptionally rare in some way (variety, grade, year etc) vs might be a variety I don't have vs buying for resale etc. Also, trends is just one of the inputs I use to determine a 'list' price for a coin and therefore what my bidding threshold will be. |
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Pillar of the Community
Canada
1192 Posts |
It depends a lot on what you collect. If you're after common date/condition coins, you can easily find them below trends, sometimes a lot below. If you're after top pop, high grade, PQ, etc coins, then often times you almost need to throw the book out the window.
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Pillar of the Community
Canada
2301 Posts |
Some days I buy for a song.........other days I have paid twice trends for a coin. Too many variables to answer the question as you pose it.
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Valued Member
Canada
387 Posts |
Quote:
made a trade local this morning for 6 x $20 for $20 (Reindeer, Wolf, Hockey, Queen, Polar Bear and Penny)
Went to my local coin shop and sold each for $22.50. I wish our local coins stores were this generous. Recently I have seen dealers advertising all 8 coins for around $190 or 23.75 on average without factoring the premium for the first coin. Most dealers I know will leave a mark-up room of at least 25-40% on their selling price when buying from you. So if this dealer bought these six coins from your for 135 and they are expecting it to sell it for 175 then I think the people buying from this dealer are overpaying. Dealers I know will grudgingly entertain even taking some of the 20 for 20 for anything over 21 (The price I paid for the coins including postage). I think what you are really talking about are your negotiating skills. I wish I could do as well as you did. Tried but no cigar. |
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Pillar of the Community
Canada
972 Posts |
Really depends on the coin to answer your poll. Common date coins I will usually buy at %50 of trend. The coins that I'm looking to acquire are high grade dollars and victorian halfs. I will easily go full trend price and more for the right coin.  |
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Valued Member
United States
211 Posts |
How do you determine what the trend is for your coins?
If you mean catalog prices, then it depends. It depends on how steep the price curve is relative to grade. Sometimes it's a percentage. Sometimes it's paying two grades below the marked one.
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Valued Member
 United States
90 Posts |
trend in my eyes is the value that trends for the coin
#1 sells for 100$
#2 sells for 200$
#3 sells for 200$
Trend is 166$
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Pillar of the Community
 Canada
9863 Posts |
In Canadian coin collecting,Trends,refers to a price list published bi-weekly in Canadian Coin News.
Trends is the most widely accepted price guide for Canadian coins,though like all other guides it is to be used as a yardstick not a micrometer.Posters to this forum(including myself)often neglect to capitalize the T.
"Dipping" is not considered cleaning...
-from PCGS website
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Valued Member
Canada
293 Posts |
The most I usually get when I sell my coins is 50 to 60 % of Trend, so if someone wants more than 50 % of trend, I just pass by, unless it's something that I must have.
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Valued Member
Canada
475 Posts |
Absolutely impossible to answer the question as put................What is trends?
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Pillar of the Community
Canada
1192 Posts |
"Trend values" and "retail price" are for the most part, fairly interchangeable.
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Pillar of the Community
Canada
5417 Posts |
Depends on where I get the coins. I usually pay 90% of trend at a coin dealer. A week ago I traded a Constatius II Roman (Bronze) + Toned 1967 Silver Canada Mackerel 10 Cent for a Canada 1891 VF-30 5 cent. That's $17 for $45. On the other hand I won a 1758 George II Shilling for £51 on ebay. Got it quoted from a local coin dealer and got a valuation of £175 t0 £200. I also won a UNC 1836 4 Pence for £32 and got it valued at £110. You'd be surprised what you can win on a slow day on ebay. Hoped that happened every day but I average about 75% of trend. Hopefully I can get a couple more good deals. Edited by zxcccxz
06/12/2013 2:26 pm
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Pillar of the Community
Canada
617 Posts |
Depends on how badly I want it, and how available it is. For fairly common stuff, maximum ebay bid of about 60% of CCN Trends price. If I get it for less, so much the better. In some cases (such as 1980's quarters), Trends understates market value. |
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Replies: 16 / Views: 3,235 |
Posted 06/11/2013 2:41 pm
