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 Replies: 8 / Views: 1,698 |
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Pillar of the Community
Canada
1442 Posts |
I've noticed that less than 5% of coins sold for > 60% of trends. And probably < 1% sold at or above trends. Would this not suggest that trends is completely off? Why can't there be a realistic valuation metric :).    |
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Pillar of the Community
Canada
1923 Posts |
I think that these auctions and ebay sell prices help to set the prices in trends? |
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Pillar of the Community
Canada
1554 Posts |
 Trend prices are an estimate of retail pricing of the items listed, based on the dealer sales, wholesale prices, auctions results and precious metal prices. It assumes that coins are free of damage, problem-free and correctly graded, and that the buyer and seller have equal knowledge and motivation. The estimates contained in C.C.N. Trends are meant as a guide only, since exact values are set by buyer and sellers in fair negotiations. Just because a particular coin or grouping of coins sell below trend value for a particular auction doesn't mean this is will set the new trend price for that coin or group of coins. It would have to be indicative of proven sale prices over a period of time to prove what the real value is of a coin. This is how "trend" prices are set in the marketplace. I personally feel that the market downturn is not long term, however, there will be major changes in how collectors pick their coins as a result of more limited spending money. More so than ever, (key dates)scarce pieces, eye appeal, low mintage coins and high grade point will be KEY factors in this game. Glenn  |
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Valued Member
Canada
153 Posts |
Stock market is tumbling in June, maybe that's why.
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Pillar of the Community
Canada
650 Posts |
I would think you could expect that at an auction you would expect prices to be less than trends. I would be very reluctant to pay trends for anything at auction because of the final sale policy.Auctions draw bargain hunters.
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Pillar of the Community
 Canada
617 Posts |
When considering what I wanted to bid at auction, I had to take the 18% buyer's premium into consideration.
Therefore, my maximum bid was the most I wanted to pay divided by 1.18.
I think of trends as Manufacturer's Suggested Retail Price. It's what the retailers sell for to people who don't want to negotiate.
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Pillar of the Community
Canada
1051 Posts |
It's a buyers market, no question. In bullion markets, sometimes we talk about "weak hands" and "strong hands". Right now is a good time to define what you like, chase it down, and hold onto it.
As for Trends actually being off, yes...absolutely. Now is not a good time to start making big, quick adjustments though. As I have said before, a large drop in Trends tends to have the effect of frustrating dealers and collectors alike.
Edited by 1cent
06/26/2011 03:18 am
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Pillar of the Community
Canada
1554 Posts |
One Cent: You took the word's right outta my mouth, it really is a buyer's(collectors) market. In the past 10 years I've never seen so many nice Key date pieces soo affordable at prices worth going into a little credit card debt for! >>>>>>>>>It's a buyers market, no question. In bullion markets, sometimes we talk about "weak hands" and "strong hands". Right now is a good time to define what you like, chase it down, and hold onto it. Glenn  |
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Pillar of the Community
Canada
1923 Posts |
I agree with trends being out to lunch as glenzy1 has mentioned there have been coins go up for sale in the last 10 years that we all just dreamed of having a chance to bid on. I think 1cent also makes a very good point and I agree to buying those hard to get coins now while they are avalible at a low cost in the auctions and ebay. I also think it will be short lived and things will change again when the stock market evens out, its been a rough and rocky road the last few years. I to do expect to pay less for a coin at an auction as well because of the 18% premium by the auction house but this also only "HELPS" to determin the prices in the future of trends for the coin as prices go up or down for said coins. I really hope things change for the good and not the bad but what ever way it goes I'm still looking for those hard to find gems and spending my money happy hunting. |
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Replies: 8 / Views: 1,698 |
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Posted 06/25/2011 8:54 pm
