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 Replies: 48 / Views: 7,578 |
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Pillar of the Community
Canada
1554 Posts |
 HMMMMMMMM, Lately I'm finding that prices on the open Market don't seem to jive with trend prices. When I say trends, I refer to the Canadian Coin News Trends as well as the Charlton Catalogue. When compared to the sale prices of recent auctions (over the past year) on the Internet, Torex and E-bay sales, the trend prices seem way off. After all, isn't the old saying that a coin is worth only what one is willing to pay for it? So with that in mind, has anyone ever seen a recent E-bay auction where a half dollar or quarter in high grade ever sold for $10,000.00. But anytime of day when you browse E-bay you see hoards of them for sale and never any offers? I feel Trend prices across the board should be sliced in half for all Canadian Decimal coinage. This would not only encourage newbies to join the sport, but would also entice sales of high end coins among buyers/sellers. With these tough economic times, even Key dates and high grade pieces have sold for far less than they would have a mere 3 years ago. I think Mike Findlay of C.C.N. has done the right thing by dropping prices overall in trends, however, did not go far enough. With my point of view being expressed in this long dwelled over matter, what is your opinion on this? Do you feel Canadian coin prices are way too high , just right or perhaps too low? Don't be shy, slug back a few cold beer and let it all hang out Dude! Glenn  Edited by glenzy1
04/24/2011 6:54 pm
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Pillar of the Community
Canada
1733 Posts |
I think the prices are overinflated in trends and a last gasp to keep the dealer inflated prices high as possible. I don't even dream that I'm a dealer, but I continue to have a loyal following of "can you get me ...." because I shop carefully and worked hard to form relationships with other realistic collectors. The fact is anyone knowledgeable has avoided dealer prices ALL the way along and the advent of the internet has just made apparent that the reality does not jive with trends prices all the more obvious. By the same token, an ebay auction for a raw coin by some guy like asyn who declares a VF30 to be an MS64 is hardly reflective of reality. |
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Valued Member
Canada
55 Posts |
I think ebay is partially responsible for this downward trend in coin prices. Days are gone when there was only one coin shop 40 miles away within reach, and you pretty much had to pay what he was asking. Now I can go online and see dozens or even hundreds of the same coin in various grades. The 'rare' coin doesn't seem so rare now! And I can wait till I get the coin at the price I want BELOW trends. If I get outbid on one coin, no worry, a quick search on ebay shows another dozen newly listed. Except for high end one of a kind must have coins, why would anyone bid near trends for something? It has become a buyers market. Everyone selling on ebay has become an instant 'dealer' and there are many from which to choose! |
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Pillar of the Community
Canada
1166 Posts |
I've noticed the same thing. Totally unrealistic! The only time I hear Trends mentioned is when a dealer says I'll give it to you for 20% off Trends. Thanks but no thanks. I'll just go to ebay, wait for an auction and buy it for 75% off Trends. |
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Valued Member
Canada
183 Posts |
Well go and buy a 1890 fifty cent or 1921 five cent or fifty cent, 1945,1947 and 1948 silver dollar,or any pre 1967 silver dollars below trends and BV,you are doing good.Maybe go buy silver rounds below $45.00 a troy ounce. Good-Luck and happy hunting.
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Valued Member
Canada
497 Posts |
I find Trends overpriced for most of the coins I buy, and unless it's a real tough item I aim for about 60% of Trends. I find the dealers who don't budge much off trends just don't sell much and some of these dealers complain Trends is too low and really complain when Mike lowers prices in Trends. They're living in their own special world. I think the hobby is in a downturn and with the exception of pressure from bullion prices and extremely high end coins, most coin prices in Trends should be lowered.
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Pillar of the Community
Canada
902 Posts |
Trends is only a guide to prices, not to say that is the price you should pay.
I am happy when I can get something for 50% of trends.
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Pillar of the Community
 Canada
617 Posts |
It seems to me that trends is the price that is about 2x the amount that a bricks and mortar coin dealer would pay for a coin, which he will then mark up 100% and try to sell. Out of that markup, the store owner will have to cover rent, utilities, staff costs (if any), inventory carrying costs etc.
Of course, dealers operating out of their homes can get by selling for less, as well as the non-dealers who are trying to get rid of their extras.
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Pillar of the Community
Canada
1442 Posts |
Overall trends prices ARE way too high. I'm finding this even for the keys. As an example of some recent shopping, I bought: 5c 1926 far 6 EF40 ANACS $230 (Trends $800) 10c 1875 VF20 ICCS $650 (Trends $1500) 25c 1875 VG raw $300 (Trends $600) 25c 1880 wide 0 F12 raw $120 (Trends $550) 50c 1890 G $630 (Trends $1000) 50c 1899 VF30 ICCS $1350 (Trends $1800) The ONLY coins I was willing to pay trends, I consider unique and almost unobtainable: 5c 1965 large beads EF40 ICCS $1000 (Trends $1000) 25c 1936 dot-bar EF40 ICCS $890 (Trends $800) That being said, if a coin is difficult to get, its difficult to get. I consider getting 30-50% off trends on those a good buy. Those should hold their value pretty well. But for the run of the mill stuff, of which there is 10-50 posted on ebay at any given time (that includes the 1948 dollar lol), why anyone would pay more than 50% of trends is beyond me. There are many deals to be had for the discerning buyer. |
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Pillar of the Community
United States
629 Posts |
I think that most of us have been subscribers to a magazine that shows trends of our coin holdings. In my mind, these prices are there to give a value to the coins. It's just a written amount that is used as a guide. If I buy a coin for 25% of trends, I feel like I got a good price. If I pay full Trends then I either need it or I am speculating on the future. In either case, I need to somehow value my coins and Trends is the best way that I know how to. None of us want to spend retail for anything but a retail has to be established. So I think the trend prices are realistic.
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Valued Member
Canada
272 Posts |
IMO trends prices are way too high, however if you look at the junk they are selling on E Bay there prices are way too high also.
For example you can bid for a coin for .99 cents but the shipping is $35.00 whats that all about.
As a professional coin collector (now retired) I found if I purchased a coin for a dollar and trends listed it for $1.50 I would try and get $1.25 for it and in most cases thats what I got, I am talking common coins here.
In most cases a coin collector will pay trends or charlton prices for the coin they want, I never had a problem selling at trends.
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Valued Member
Canada
55 Posts |
Neweden. Some ebay sellers were selling $35 coins for 99 cents + $35 'shipping' because ebay only charges the seller fees based on the sale price of the item. Recently however, ebay started charging fees based on the selling price INCLUDING shipping. |
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Valued Member
Canada
371 Posts |
I agree that the vast majority of trends prices are too high, but even if Michael Findlay drastically lowers trends prices across the board, this will probably not solve the problem completely. Then people will want to get a discount from these new prices, and where will it end? To be honest, I'm not completely sure how this problem could be resolved.
The only coins that I think are priced correctly are some of the key date date coins such as the 1889 10 cents, 1890H 50 cents, 1921 5 cents, 1875H 25 cents...
Also, Newfoundland 5 cent coins from 1865 to 1888 and the 1946c are very underrated as it is, so the trends prices do not need to lowered at all.
IMO the most overrated coin is the 1948 dollar. There are like 18000 of these floating around out there, and yet they seem to sell ok at slight discounts. This doesn't make any sense to me, but I suppose everyone needs to fill that hole:)
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Valued Member
Canada
496 Posts |
I think trends should only be a guide. I collect tokens and would gladly pay 2-3 times trends for some and wouldn't give you half for others. Those that collect decimals probably feel the same about high grade coins in their series. Glenn
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Pillar of the Community
Canada
838 Posts |
I'm afraid not much thought goes into trends pricing. It seems like there's an unwritten formula:
today's trends = yesterday's trends +/- small tweaks
Over time, this gets way off base. Someone (not me) ought to put in the actual research to tabulate and average what coins are going for in a variety of forums. And if a coin is too insignificant to worry about (say 1921 Canadian cent in VG) then a standard "junk tray" price should be given. All this block pricing is stupid, IMO.
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Moderator
 Canada
10456 Posts |
Trends is only a guide, which serves the collecting community well when shopping for coins VF to MS-63. You learn from auctions and coin show bourses, the difference between retail value (Trends) and market value. When buying higher grade coins, then trends is irrelevant, because you trust your eyes, not the TPG grade or a price guide. A coin with fantastic eye-appeal, in a coin auction, will often exceed trends value. For example, try to buy a large or small cent, that is spot-free, and 100% red for trend price at an auction, and you will lose the bidding war. Also, the comments about ebay are very true. Supply is in abundance to the collector, from anywhere in the world. Your VF-20 coin has to compete with several others online at the same time. It is like being at the world's largest coin show. That is where, as a good seller, having good photos help in realizing better prices for your coins. Lastly, Ugly your comment made me chuckle. I have been banned from bidding on asyn's ebay auctions, because I left him neutral feedback and called his grading 'generously optimistic'."Discovery follows discovery, each both raising and answering questions, each ending a long search, and each providing the new instruments for a new search." -- J. Robert OppenheimerContent of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_USMy eBay store
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Replies: 48 / Views: 7,578 |
Posted 04/24/2011 8:19 pm
