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 Replies: 20 / Views: 3,303 |
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Pillar of the Community
Canada
1554 Posts |
Poll Question
 Howdy, lately prices realized on Canadian coins regarding live auction and internet sales have been have been varying drastically, like never before. So the Poll below gives the reader/Collector/Dealer some simple choices: "pick the answer that suits the way You feel today about the Trend value$ of Canadian Coins!" Glenn 
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Pillar of the Community
Canada
3692 Posts |
Last issue I have is from April/May. Trends rose on that issue mostly because of metal values. Now that they have died down a bit, who knows? Personally, I think that they're a tad high but that's because I'm one buying. If I were selling I would say they're not high enough!
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Pillar of the Community
Canada
1442 Posts |
I'd say > 95% of coins sell at 40-50% off trends on a regular basis now, when in auction format.
What I'd like to know is...who are the fools buying at the prices that trends determines the values from?
Coin shows? Stores? If so, I have to start going to these things to sell my coins :D....
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Pillar of the Community
Canada
576 Posts |
I buy a lot and I sell a lot. I think I have a good idea of prices in general. Certainly, the market is soft now. Some recent auction wins on ebay: five separate 1891 SDSL large cents, from VG to EF. Highest price paid? $36. I've never had trouble getting the 1891 varieties and have never understood why they're priced as high as they are. Another auction win on ebay recently: an 1896 FAR 6 large cent in VF. Price? $1.50. I've recently got a bunch of coins back from ICCS. A group of Victoria large cents mainly. Most MS-62 and MS-63. All won by auction on ebay over the last six months or so. Highest cost - $32. On and on it goes. I've made some great acquisitions at flea markets and estate auctions as well. Trends prices are too high but they do allow me a means of comparison. I try to sell at around 50% of the trends listing. If coins actually were priced where they should be I'd have no room to discount. |
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Pillar of the Community
Canada
2301 Posts |
There are coins that you can get every day at less than Trends.....but there are coins you will never see knowingly change hands at less than Trends.
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Pillar of the Community
Canada
902 Posts |
Key dates almost always go for trends or higher.
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Pillar of the Community
United States
629 Posts |
To me Trends is like retail - it is a way to give value to your collection. I think that values should remain the same, the market will find pricing levels on it's own.
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Pillar of the Community
Canada
1923 Posts |
tamarin, I think what you say is probably pretty close for variety coins graded VG - EF a person can pick them up for cheap. But for mint state variety coins you are not going to get to many that cheap unless the seller has no knowlegde of the grade or what they might have.
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Pillar of the Community
Canada
838 Posts |
Quote:
To me Trends is like retail According to CCN, Trends (supposedly) reflects the transaction price between knowledgeable buyers and sellers, with equal motivation. I feel retail is for "suckers", especially in this market. After all, what do I do when I want to price a coin for purchase? I look at E-Bay recent sales. Therefore, in my opinion, Trends should do nothing more than should reflect the (recent) average market price. In theory, this is the total volume of sales of a given coin date/type at a given grade divided by the number of sales. This should be almost automatable using E-Bay sales, which seed databases, and in turn are fed into some kind of a weighted average. It wouldn't be rocket science to create this kind of dynamic, accurate "Trends" for Canadian coins. I don't think this means Trends should go down or up by any fixed proportion. They are likely completely out of whack and trick the market into behaving the way it does. If Trends/Charlton/Price guides had never existed, I don't believe the market would have found those values on its own. Why people feel the need to rig up the Trends prices is beyond me. If we want inflated prices, let's be honest and not call them "Trends". A retailer can put whatever price tag they want on a coin (and watch it collect dust for 5 years). A collector can believe whatever pipe dreams they want about their coins (and have their surviving family liquidate it for next to nothing). But what matters to most of us is recent realized transaction prices. Edited by bibd
07/08/2011 5:52 pm
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Pillar of the Community
Canada
1442 Posts |
Agreed...Trends simply does not reflect "reality". However, I disagree about the use of ebay to set prices. There are too many interfering factors on ebay, mainly: 1. Sellers with low feedback vs high feedback. 2. Sellers with crappy pictures (98%) vs excellent pictures of coins (2%). 3. Sellers from US or some God-forsaken country, vs sellers in Canada. 4. Coin raw, vs US TPG, vs ICCS. These factors affect the prices a bit too much. However, big auctions like Torex, Geoffrey Bell, or other CNC auctions SHOULD be used to adjust trends. In the recent Torex, many "high end" coins simply didn't sell for even the starting bid of 50% off trends. Some of these coins haven't been "touched" over and over and over. You see them being relisted in auction after auction with the same starting bid and "estimated value" in the hopes someone will bite. That's where I think serious progress can be made. However...adjusting Trends prices down makes no one happy. So we'll essentially have two parallel price structures. |
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Pillar of the Community
Canada
576 Posts |
Papeldog, you're right. Mint state variety coins are tough to come by. If using ebay, the two things that have brought me the best buys on high grade material are: 1) buying from an American seller 2) buying Buy It Now. On the latter, it pays to keep going back to Buy It Now for new listings. It is amazing what sometimes shows up. Trends are useful as a guide but heartbreaking when it comes time to sell. Most buyers simply want large discounts. |
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Pillar of the Community
Canada
1923 Posts |
I love buy it now I got a 1881 single serif N for $ 8.95 buy it now its one of the rarest Canadian large cent only 6 or 7 known (loving every minute of it)
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Pillar of the Community
Canada
576 Posts |
Buy It Now is a great place to watch. One of my best scores was a few years ago when I got an 1893 Round Top 3 ten cents in VG for less than ten dollars. I paid more for shipping than I did for the coin. I didn't want to take any chances.
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Pillar of the Community
Canada
902 Posts |
Keep those polls coming Glenn.
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Valued Member
Canada
372 Posts |
With the planitary CRASH looming around,everything is going to take a dive.North America and Europe are in worst shape than we know.Your retirement plan will shrink,,your house value will melt,your job will be your most important possession.The least of your problem is going to be your coin collection.Trend is going to decrease a lot.Hope you don't have to sell it.Sorry for bursting your bubble.  |
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Pillar of the Community
Canada
1442 Posts |
AAAAAAAAAAAAAAAAA!!
Are you stocked up on guns and ammo, and a 50 year supply of cans of beans? :)...
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Replies: 20 / Views: 3,303 |
Posted 07/08/2011 10:40 am
