I'm getting my inventory up to date and in order. I'm doing this partly to get my insurance info current. I want to use retail values since if I have to replace items that's what I'm most likely to have to pay. I don't use the Red Book values since they are out of date by the time the book hits the market. I don't use CDN; it's not retail. Auction results are probably reasonable BUT have problems: -- can't find all coins -- all results are not recent -- searching is a real chore Up 'til now I've used Coin World. -- its coin listings are complete for my purposes -- it's easy to use -- on the down side many grades have to be interpolated (there are prices for XF-40 and AU-50 but XF-45 is sort of a guess. HINT: It's NOT halfway in the middle.) I'm considering using Numismedia. -- it has all the intermediate grades -- but more difficult to use Any other suggested pricing sources?
I would say either Coin World or Redbook. What is more important is the listing of what you hold than the pricing source. An insurance firm will work with you if you simply have a good listing of what you own and from what source you acquired your pricing information. Me? I simply put them in a SDB and do not carry insurance. I figure the risk is minimal for coins stored in the SDB.
As long as the insurance company knows roughly what you have at risk, all they care about right now is that the premium they calculate is right. Assigning a more accurate value in the event of a claim can be done later, as long as the dates and grades are known, particularly since values change with time.
I've noticed the folks on Antiques Roadshow often will give a price estimate for an item, and then add an additional higher (20%-30%) value estimate "for insurance purposes." Would the same be true for coins?
I use retail, the higher of CW Trends or TPG Market Value or my own estimate if not available in either of those 2. The at max function in my excel spreadsheet does this well.
No, 25% over the amount that he would pay the noob off the street (you know, the guy who depends on Antiques Roadshow for what his item is worth) which is usually a decent percentage back of bid.
That probably WOULD be a fair price. Except for rare or popular stuff that he can move fast (and which he doesn't already have a sufficient stock of), most people would be lucky to get 25% back of what he will try to sell it for.
