Hi to all. I want to know if tThe prices that the coins are sold in ebay is much more

than the prices in the Krause katalog?

What do you think?

Thabk you.

 

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Depends on the coin and how many folks are willing to bid on it, the same happens at any auction You get 2 or 3 people after the same item and the price can exceed any guid price but if no one is realy interested then if the start price is low it can go for the proverbial song

 

Tough question, like De Orc said, it really depends on the
coin(s) in question, also in part on the seller of the coin(s). But just like he said, get two bidders who REALLY want something, and have their hearts set on winning.. and the price could very well exceed the list or market value if it is an auction.
Be it on ebay or any auction people can get caught up in the thrill of the bidding at times.
However some of the 'Buy it Now' coins on ebay range from very well priced to extremely over priced.

 

Some coins are just popular among bidders, often for historical events, while the bidders are not even collectors and hence unknowingly bid too much. There are coins that always get numerous bids and sold x2-x3 from catalog value. Sometimes there are opposite cases though. I got a coin about a month ago for $2 but it should be sold for at least $40 according to the catalog.

 

$2 dollar paid for a coin worth much more, nicely done. May I ask what type of coin it was? also, this was an auction I assume?

 

rexesq: It was a bid auction for soviet Russian 1/2 kop. from the 1920s. I guess there is a low interest in these.

 

That's the problem. If you are talking about Russian or Chinese coins, prices in Krause are totally outdated. I repeat, outdated. You cannot use Krause as a guideline.

 

gxseries: What makes you so convinced?

If they are, what should be used in this case? I see the prices on eBay reflect the catalog values, sellers probably also using the catalog. Prices on biggest Russian online auctions and forums also mention similar values to the catalog.

 

You aren't getting the point, Taxidermist. Catalog value may be used as a guideline but it only reflects a historical trend of what it was sold previously. It will not predict what it is worth tomorrow, next week, technically after the value is sent to the printing company for publication. In fact, Russian coin value have started to FALLEN except for the scarcer or rarer coins. Some catalog would have attempted to raise prices according but it's really all over the place.

The only weapon against it is you reviewing the prices often and make your own catalog. Catalog at best should be used for variety reference and scarcity. I know what I should pay and not according to what goes to book.

 

gxseries makes a very good point.
Also watching what similar coins sell for on ebay or wherever helps one know the current value of said coins at the time of the sale, but does little to tell one what the value will be in the near future.

 

I never attempted to use the catalog to predict a future value, i don't really care about that. I am always making a price research (not only on eBay) and it seems the coin, currently, is indeed sold for the values mentioned in the catalog. The price in a local shop is actually $10 higher than in the catalog, i showed the coin to a dealer after i picked it up.

Could you please explain what makes you think the catalog values for Russian coins in particular are wrong/falling/inaccurate?

 

I don't know what kind of catalog you are using but if it is a catalog made a couple of years ago, prices might not be too off. Prices started to shoot up more than a couple of years ago dramatically and it cooled off from last year. I'm sorry but I can't help you with the catalog value - I have been looking at this Russian coin market for more than 5 years and have been seeing fluctuations. You cannot expect prices of everything to keep going up and up other than rarities. For instance, it was impossible to get any 1870s Russian gold coin for under 1200USD a couple of years ago. Not necessarily true this year. Low grade and damaged coins were sold at insane prices - not any more.

 

gxseries: When i say "catalog" i mean Krause current year version, the "2010 Standard Catalog of World Coins - 1901-2000" one.

I am looking at soviet coins market prices (1920s to 1991) for the last year, i see rather stable prices while both buyers and sellers are heavily relying on Krause catalog from years 2009-2010 as a relative reference.

I undertsand that catalog value might be wrong or outdated, but no one here, including myself, mentioned future values of rarities or Russian imperial coins, especially gold ones. You are bringing up an unrelated topic no one is arguing about as it is already quite known and understandable. No matter how wrong the catalog values are for the soviet coin i mentioned, it is still sold for $30-$40 in XF grade, just as the catalog suggests.

 

How is it unrelated when I mentioned historical prices?