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 Replies: 19 / Views: 7,090 |
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Valued Member
Canada
125 Posts |
Hey All, I use this site, http://www.coinsandcanada.com/coins-prices.php, to reference coin prices. What I have noticed though is that the prices listed are usually much higher than the prices of the coins being sold by dealers or on ebay. I was wondering if any of you could shed light for me on how these prices are generated and why they are almost always significantly higher than what they are sold for. Thanks so much! |
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Pillar of the Community
 United States
2843 Posts |
Personally, I only use their prices as a relative reference. So if a 1935 is listed as $10 and 1936 listed at $150, I know that the '36 is worth a bunch more than the '35.
Most sources for coin values are not really in line with reality.
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Bedrock of the Community
13014 Posts |
Quote:
I was wondering if any of you could shed light for me on how these prices are generated and why they are almost always significantly higher than what they are sold for. Price guides in general are generally rather inaccurate and nothing more than a ballpark figure. Some of it is how frequently they're updated and some is the fact that coins will sell for a range of prices even in the same grade influenced by a variety of factors such as quality, toning, graded or raw, which grading service, venue of sale, timing of sale ect. BigSilver has the right idea for how to really use them in that they're most useful to determine which ones are generally worth more than others For most guides common date common grade things will probably be high as the glut of supply always available suppresses/drives prices down while rare/hard to find things will likely be low. Edited by basebal21
11/09/2017 4:21 pm
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Pillar of the Community
Canada
617 Posts |
Hi Arvan:
First of all Welcome to the Forum.
As for Trends, use it as a guide to compare one coin to another.
When buying and selling a lot of dealers might use Trends as a guide, so for example, they may sell their coins at say 70% of what the Trends value may be and buy at 40% of the Trends price.
At least that's what I have found.
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Pillar of the Community
Canada
5588 Posts |
The CaC guide section and Trends is "full retail" prices and, as north of 49 says, you should be able to by at around 70% of those prices and sell for 30-40% of them. Guides are just that .. guides and it will tell you if something is worth a little more or less than another "something". If you want prices, look at ebay "sold" prices (not asking price) .. they're accurate. |
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Pillar of the Community
Canada
2495 Posts |
Take 50% of the Canadian Trends price and that's a good ballpark figure of what it'll sell for on ebay. Prior to 2008, it was 80% and higher, but times have changed and the market is in the dumpster, so if you're a buyer, it's a great time to be collecting. Dealers buy at around 30% to 35%, but most dealers don't even want to buy even at these rock bottom prices, as their pre-existing inventory is just collecting dust in their showcases. Edited by doubleeagle59
11/10/2017 06:45 am
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Valued Member
 Canada
125 Posts |
Quote:The CaC guide section and Trends is "full retail" prices and, as north of 49 says, you should be able to by at around 70% of those prices and sell for 30-40% of them. Guides are just that .. guides and it will tell you if something is worth a little more or less than another "something". If you want prices, look at ebay "sold" prices (not asking price) .. they're accurate. Yes that is what I found recently talking to a dealer about selling a rarer Newfoundland coin. The price for it was $235 and he was willing to pay me $63 for it. Last time I was really into coin collecting was in 2002 and dealers were definitely paying more back then. Thanks for all your feedback :) |
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Pillar of the Community
Canada
586 Posts |
My dealer gave me a small booklet that he said he uses to make offers. It really is a small booklet with very cheep quality paper to the pages. I'll post again if I can think of the name.
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Pillar of the Community
710 Posts |
Is that the "Charlton Coin Guide"? It's a thin book with dealer (very low) dealer buying prices.
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Pillar of the Community
Canada
1051 Posts |
High coin prices are just like high stock market prices - everyone thinks they are winning, so it's in the best interest of all. There's little incentive for price guides to try and track reality. As with anything else, real sales data is the most current reflection of what things are *actually* selling for. Some rare items will still command full trends (and sometimes even more), some items (1960's+ PL small denominations coins) may only be worth a few percent of their published "value".
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Valued Member
Canada
324 Posts |
Looking at historical ebay sales is a great way to determine actual market value. Its a more arduous process but its also the most accurate IMO. |
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Pillar of the Community
Canada
586 Posts |
Yeah, that sounds like the book. Didn't realize it was the Charlton. Thx
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Pillar of the Community
Canada
5588 Posts |
I think that he's talking about the Canadian equivalent of the "grey sheets". I didn't know that we still had them, but the dealers up here DO have a cheap-paper buyers price sheet. Don't think that it's Charlton.
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Pillar of the Community
Canada
2519 Posts |
Is it the book with a list of prices for RCM stuff (PL sets, SP sets, proof sets, single coins by denomination, etc)? It's called the Canadian Coin Dealer Newsletter, if I remember correctly. |
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Pillar of the Community
Canada
3733 Posts |
and I wish anyone luck in buying from ebay at 70% of trends, there are very few sellers who sell that cheaply..when you figure fees on top of everything. I sell and I use trends as a starting point. I too prefer to use ebay sold prices as a guideline to actual prices realized.. |
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Pillar of the Community
 Canada
5394 Posts |
Okie , you are talking about Mike Findlay's (CCDN) Canadian Coin Dealer News Letter. Comes out rather infrequently, about 3 to 4 Times a year .
Canadian Coin current Market , with a few notable exceptions is shall we say ............to be polite..........not the best!
In speaking to a couple of prominent BC dealers, pedestrian stuff (ICCS certified) about 30 to 35 per cent is all you are going to get . IF and that is a big IF they even want it. There are some notable exceptions.
There is so much stuff around right now you can just pick and choose, being very fussy while you are at it!
To say that Cash is King in this market is quite true!
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Replies: 19 / Views: 7,090 |
Posted 11/09/2017 4:15 pm
