Posted 05/12/2015 03:02 am
You need to sign up to look into Heritage archives.
What you also need in no particular order of importance is:
1.currency conversion rates
2.inflation rate history year by year
3.market history for the particular or similar coin that you are interested in, preferably across a range of auction houses around the World
4. VCOINS current for sale prices for same or similar coins. Make careful note of comparative conditions of coins here against what you are considering to buy.
Out of all of this you then make up your own weighted opinion of what a fair price would be for the coin you are interested in. Compare this price against what the coin is offered for, or what price you consider should be your maximum bid.
Also essential, it is madatory to prove authenticity and provenance. Most of the work for the second part of this will come from your price history research.
ONLY buy from a seller (auction or dealer) of the highest international reputation, if you intend to buy an ancient coin valued at $thousands.
All of the above is known as 'due diligence'.
What you also need in no particular order of importance is:
1.currency conversion rates
2.inflation rate history year by year
3.market history for the particular or similar coin that you are interested in, preferably across a range of auction houses around the World
4. VCOINS current for sale prices for same or similar coins. Make careful note of comparative conditions of coins here against what you are considering to buy.
Out of all of this you then make up your own weighted opinion of what a fair price would be for the coin you are interested in. Compare this price against what the coin is offered for, or what price you consider should be your maximum bid.
Also essential, it is madatory to prove authenticity and provenance. Most of the work for the second part of this will come from your price history research.
ONLY buy from a seller (auction or dealer) of the highest international reputation, if you intend to buy an ancient coin valued at $thousands.
All of the above is known as 'due diligence'.
