| Author |
Replies: 15 / Views: 1,685 |
|
|
Pillar of the Community
United States
1913 Posts |
I ordered a packet of price guides from Coin Dealer News Letter (aka greysheet or CDN). The packet is supposed to include all their current publications. It has much of the information that I need, but didn't include pricing for most Jefferson nickels, Lincoln Memorial's & newer, modern commeratives, and things such as coin and currency sets. Any idea what a good accurate source is for the more modern stuff?
|
|
|
|
Moderator
 United States
188213 Posts |
|
|
Pillar of the Community
United States
604 Posts |
I also use NumisMedia as a guide.
|
|
Bedrock of the Community
United States
11951 Posts |
I agree with others, numismedia is a good guide for modern coins. Only place I have seen sets like "coin and currency" is in RedBook. At end of commemorative section. Of course you can always check ebay sold listings.
|
|
Moderator
 United States
23522 Posts |
I haven't looked at a "published" price guide in ten years. I'm not estimating the value of your coins posted here based on somebody's opinion.
|
|
Pillar of the Community
 United States
1913 Posts |
I'm not looking to have the value of my coins estimated. I'm looking for the approximate prices that I can expect to pay at coin shows. I'm sure you'll understand that I don't want to overpay. Of course I don't mind underpaying.
|
|
Moderator
 United States
23522 Posts |
Well, look at it this way. Which is the more convincing argument to present a dealer with whom you're dickering? Quote: This is the price I saw in some published guide. Quote: This is what this coin sold for last month at retail.
|
|
Pillar of the Community
 United States
1913 Posts |
I don't which one might convince him (probably the latter), but I have to have some basis for requesting a lower price. I need some reliable source of information as all these values can't possibly be kept up with in my head. I'll use whichever source presents my argument for a lower price best and he'll use whichever source presents his argument for a higher price best.
I've also found that some dealers are way out of line from the start. I don't even want to bother with them. Other dealers give you their best price from the start. If I think it's a good deal, then I'll probably just pay them. For the ones that are close, but not quite where I need the price to be, we'll talk and see how things pan out.
|
|
Moderator
 United States
188213 Posts |
Quote: Which is the more convincing argument to present a dealer with whom you're dickering? Neither.  I just tell them it was more than I wanted to spend and thank them for their time. More often than not they come back with a lower price, at least it works this way at coins shows; they tend to be more firm at their B&M.
|
|
New Member
United States
20 Posts |
Why doesn't this site have a spot for a pricing guide? Or a forum for pricing things? So you could post your coins and get opinions on value etc?
|
|
Moderator
 United States
23522 Posts |
Quote: Why doesn't this site have a spot for a pricing guide? Or a forum for pricing things? So you could post your coins and get opinions on value etc?
Two reasons. First, we're not stupid enough to publish a "price guide." They're useless. And second, the whole point of this Forum is to offer people prices - we do it for virtually every single coin posted here. Quote: I need some reliable source of information as all these values can't possibly be kept up with in my head. Rock and a hard place, man. I understand. The only way I can cope is to somewhat narrow my expectations and only worry about the stuff I *do* have a clear feel for retail on. Sometimes that means sneaking away for a moment to hit Heritage on my smartphone.  It's the conundrum we all face at shows. You're not alone.
|
|
New Member
United States
20 Posts |
You're not stupid enough to do it? I don't get that logic, because you're saying other sites who do offer that are stupid? It does take effort, but I think it's an effort that makes sense on a coin website. Precise value's don't exist, just general points on where to begin with valuing your coin. And to your second part, I said why don't you have a forum where people ask for pricing help. Instead of scattered topics throughout various forum headlines. It would put them in a joined group and be easy to find to not only reply, but to post. I know that sites make money off of posts, I know of a former person who worked on a forum for something and would get paid for posting. But to say it's stupid, is discounting what a lot of people come here for. Even asking in here is just an educated guess on somebody's part, what it always comes down to is what somebody is willing to pay for what you have.
|
|
Moderator
 United States
23522 Posts |
Quote: You're not stupid enough to do it? I don't get that logic, because you're saying other sites who do offer that are stupid?
Well, let's look at it. How often do you update pricing? How many hundreds of issues - every issue, every date, every mint mark - do you have to look at, and how often do you have to update? Who's paying us to invest all that time? Or I could waft over to Heritage, Stacks and ebay, and find out what people are paying today from my smartphone. How often do you see people complaining about the inaccuracy of price guides? Um, daily. Quote: Even asking in here is just an educated guess on somebody's part, what it always comes down to is what somebody is willing to pay for what you have. Then what use is a price guide? Quote: Instead of scattered topics throughout various forum headlines. It would put them in a joined group and be easy to find to not only reply, but to post. OK, what, then, do we do with the Modern & Classic Coin Grading forums? The ones which are dedicated to helping offer pricing? We already have what you're asking for. It just doesn't carry the label you wish to see.
|
|
Moderator
 United States
188213 Posts |
Quote: And to your second part, I said why don't you have a forum where people ask for pricing help. Because it is better and more efficient to ask pricing in the appropriate forum for the coin in question. This allows those focused on the type of coin to answer. We cannot expect an early copper expert to scroll through hundreds of uninteresting posts in a "Pricing Forum" to find one post they can answer when they can find that one post in a forum where they already read every post.
|
|
New Member
United States
20 Posts |
That's why there are sub forums. The main, unclickable topic would be... "coin pricing". Sub forums would be listed underneath that. You could group it in to about 5 forums, which would take up more space on your servers. It's definitely something that wouldn't be easy to do, but IN MY OPINION would make it more interesting to see not only what you're interested in finding out prices for, you could easily do a sticky at the top of the page of current say ASE's by year in the "silver pricing forum". It's just an idea, and one that you guys aren't on board with, but I think it'd be interesting to see what people are pricing. People already have to search anyways so I don't really get that point. As it is now, somebody who is helping somebody price something, comes by that topic by chance, they aren't looking to help somebody price something. Developing forums just for that, would, I think provide better opinions because people would go in to those forums specifically looking for pricing, and helping others price. It's kind of dangerous to shoot down idea's by just saying it's stupid of us to do that. I was a machinist in the Navy, and one thing you get taught in the military is, just saying no to an idea isn't good enough. Now I'm not saying my idea is the best ever or that it would revolutionize your site, it's just a user looking to maybe provide a different way to look at something that others might not have thought. Keep up the good work!
|
|
Moderator
 United States
23522 Posts |
Quote: Now I'm not saying my idea is the best ever or that it would revolutionize your site, it's just a user looking to maybe provide a different way to look at something that others might not have thought. Keep up the good work! We'd rather you spoke up ideas that maybe weren't great, than keep them to yourself. Nobody here is done learning, most of all those of us helping to run the place. And thank you for taking all this as civil discussion - the last thing we want to do is alienate new members. It is a known problem in online communities that ever more specialized subforums dilute the audience and end up creating more confusion than helping. It actually aids the effective dissemination of information to keep the number of individual sources as small as possible. The point you raise is just the same as (for instance) creating subforums for each issue. Further, in numismatics the curiosity about grade is almost always accompanied by curiosity about value. They go hand-in-hand, as a given. We've been working every day on refining this place for ten years, and this isn't our first experience. I, for instance, have been Moderating since 2000 here and at other fora. We've learned a bunch about how coin forums need to work - mostly through experience (spell m-i-s-t-a-k-e-s), and although we're pretty comfortable with where things are today, we're ready for that to change tomorrow because change is the only constant. Funny, that also describes prices. Whenever you see me suggest a price for a coin on this forum, my estimate is based only on real-world sales of coins I looked at that day. I don't know this stuff off the top of my head - when you guys ask I go out on Google and find it for you. And I'm doing a hundred posts a week of that. I cannot imagine trying to maintain a price guide I'd consider current.  It is seriously, in the age of Google and Bookmarks, as fast to look up real world sales as it is to look up published prices. And those real-world prices are accompanied by images so good you can grade them yourself and decide whether it was a good or bad price for the coin. Now that I've said all that, I'm not going to stop thinking about your idea or how/if we could implement it.
|
| |
Replies: 15 / Views: 1,685 |
|