| Author |
 Replies: 13 / Views: 2,222 |
|
|
Pillar of the Community
Canada
1700 Posts |
I heard that most coin catalogues here in this countr list the prices several percents higher than their real market prices. What are the reasons? Liability or something?
If liability and such exists, is J&M still a reliable reference?
|
|
|
|
Pillar of the Community
Canada
3049 Posts |
The catalogs are printed and published almost 6 months ahead of the actual calendar date. So there's a bit of speculation based on a limited amount of information they have such as how much notes/coins had gone for in the previous 6 months. Trends and catalogs are pretty much a guideline but a book doesn't buy a coin.. a person does.. so it's all in how one negotiates a many others are willing to bid. As for liability I certainly don't think any publication could be held liable towards a trends price. With respect to other sources... I think there's a lot out there. I personally like to use the coinsandcanada web page in conjuction with the charlton cataloge, previous sales on ebay, auction prices from the TCNC and listed prices from a few coin shops. From all that I generally get an idea of what a fair price will be for a certain item. |
|
Pillar of the Community
Canada
849 Posts |
I tend to look at Coinsandcanada, J&M, Charlton, Haxby, Trends and then take an average. If I am buying, I then decide on a percent of that average that I would pay; be it that average catalogue value, 20% less, 30% less and so on.
However you calculate catalogue value, the amount for CV won't vary too too much if you use mainstream guidelines, it is more that the % of catalogue value that you will pay that will swing things.
There may be some coins that come up for sale that you can buy quite easily for 25% - 30% off CV including taxes and shipping. There are others like the 1948 silver dollar that in reputable graded condition you are doing good to get 15% off CV and a buyer will pay full catalogue value if the coin has eye appeal.
|
|
Pillar of the Community
Canada
2301 Posts |
Trends is a joke. Unrealistic. Nothing but fictitious numbers generated to appease dealers. They are no way related to the actual trends in the numismatic market place IMO.
|
|
Pillar of the Community
Canada
2366 Posts |
As @AgCoinAu said, coins have been in a downward trend the last couple of years. Due to the drop in precious metal values, financial crisis reducing disposable income thereby reducing demand etc. Catalogue prices are backwards looking so are going to lag today's prices. Just like historical prices on stocks don't necessarily have anything to do with what they're trading for today. If prices aren't very volatile it doesn't make much of a difference but ebay (like electronic stock trading) tends to exacerbate volatility which can result in some wide discrepancies between what you see right now and what the catalogue saw when it was published 6 months ago looking back over the past two years. J&M is okay but they tend not to update their pricing much. Normally not an issue but there have been some quite dramatic drops in value between the 2013 and the 2014 catalogues and J&M doesn't reflect those. |
|
Pillar of the Community
 Canada
5394 Posts |
the real price is what a willing buyer and seller agree on! Agree with nicklesguy that trends is a joke for the most part. A couple of good references as to what coins really sell for is Ha.com reference or good old ebay ............SOLD listings only! |
|
Valued Member
Canada
158 Posts |
 100%, make sure when you are checking completed listings on ebay that they are items that actually sold! not an auction that ended with no bids. ebay likes to mix them all together. Completed doesn't always mean sold, always watch for that! |
|
Pillar of the Community
 Canada
1700 Posts |
Therefore ebay is the best reference to a certain extent due to the fact that it often lets the market decide the price. |
|
Pillar of the Community
Canada
838 Posts |
Quote:
Trends is a joke. Unrealistic. Nothing but fictitious numbers generated to appease dealers. |
|
Pillar of the Community
710 Posts |
Quote:As @AgCoinAu said, coins have been in a downward trend the last couple of years. Due to the drop in precious metal values, financial crisis reducing disposable income thereby reducing demand etc. Catalogue prices are backwards looking so are going to lag today's prices. Just like historical prices on stocks don't necessarily have anything to do with what they're trading for today. If prices aren't very volatile it doesn't make much of a difference but ebay (like electronic stock trading) tends to exacerbate volatility which can result in some wide discrepancies between what you see right now and what the catalogue saw when it was published 6 months ago looking back over the past two years. J&M is okay but they tend not to update their pricing much. Normally not an issue but there have been some quite dramatic drops in value between the 2013 and the 2014 catalogues and J&M doesn't reflect those. Agreed. Also contributing to the downward trend are fewer people collecting as a hobby and more (older) collections finding their way onto the market through estate sales. Just curious - what are some examples of "dramatic drops in value" that are not related to bullion price drops? |
|
Pillar of the Community
Canada
2366 Posts |
One that jumps to mind is MS66 & MS67s from 2011 & 2012. My guess is that in this case the initial catalogue estimates were high based on historical trends and didn't factor in the change to the mint sets from BU to UNC which seems to have made these grades noticeably more common than for previous years.
2013 Charlton
- 2011 1c CPZ - MS66 $50 - MS67 $200
- 2012 1c CPZ - MS66 $50 - MS67 $800
2014 Charlton
- 2011 1c CPZ - MS66 $20 - MS67 $55
- 2012 1c CPZ - MS66 $40 - MS67 $100
Edited by kuh_85
02/18/2014 8:31 pm
|
|
Pillar of the Community
Canada
805 Posts |
I like to use the "Book of Canadian Coins and their Varieties" by Pierre Charest in conjunction with CoinsandCanada.com and usually almost always research "Sold" listings from E-Bay to see what a reasonable price is to ask (on E-Bay) for the same coin. Anybody can ask a particular amount, however, not until they are sold is the price established. If I'm not sure, I may put a "best offer" on the item.  |
|
Pillar of the Community
Canada
1330 Posts |
posted them high and expected low offers that works for me,,i no if I post a coin for 20 dollars or best offer I am only selling it for 4 or 5 dollars,or less..i am ok with that and lets me see what type of interest is in that specific coin...
|
|
Pillar of the Community
Canada
5394 Posts |
Selling anything for a decent price is an art form. ebay is indeed a platform that determines what the market is at the moment of the SALE. Also large auction firms get way higher prices at a major auction. Just check results from Heritage or StacksBowers. Sometimes if you are the seller ya just have to love Auction Fever! |
| |
Replies: 13 / Views: 2,222 |
|
Posted 02/17/2014 09:59 am
