I agree in theory, but not necessarily in practice. Auctions are definitely an accurate (and sometimes the only) way to price high ticket coins. For average collector coins, a price guide like NumisMedia is a reasonable and practical way to asses value. I see dealers all the time pulling out the latest Greysheet to price an item for sale. People use BIN on
and members here on CCF use NumisMedia to price out trades.
Quote:I hear this a lot on CCF, and while I don't dispute its accuracy, I find this is unworkable in practice. For starters, there are so many search parameters for a particular coin. An 1892
Barber dime might also be "1892 Liberty Head Dime," "1892 Liberty dime," "1892 dime," "1892 silver dime," etc., not to mention typos. That coin might be listed under the
Barber dime category, or Dimes, or just Coins & Paper money, or not even have a category listed. Then if you're like me and you keep a want list, you'll have to make all those various searches for every single coin on your list. I have 43
Barber dimes on my want list alone, not to mention other series. Even if I only used two or three search parameters per coin, the time it would take adds up significantly.
Plus, are you going to calculate the average price of the last 5 sales? 10? 20? That's a lot more time doing math for each coin on your list. So to me,
ebay sold listings, while accurate, are time consuming, unwieldy, and impractical. I use NumisMedia or
Coin World Coin Values for U.S. coins, Coins and Canada for Canadian coins, and Numista for everything else.