Price guides

Discussion in 'US Coins Forum' started by theflamingo, Dec 23, 2013.

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  1. GDJMSP

    GDJMSP Numismatist Moderator

    Yeah sometimes. But just like all of the price guides the Numismedia values listed on Heritage are often off in either direction, too high or too low, even their listed wholesale values.

    But my comment was specifically directed to MadMartigan's comment regarding his use of what Numismedia calls their FMV.

    For example, I just looked up an 1885-CC Morgan in MS64 on Numismedia. Their FMV for that coin is listed as $920. Recently completed sales on Heritage show that coin selling for $763 pretty consistently. That's a significant difference and it is typical of what Numismedia calls their FMV. So anybody that uses Numismedia FMV as their buying guide is going to end up having their dealer just love them.

    My intent was to point out to MadMartigan that he needs to change what he is doing when buys coins.
     
    GDJMSP, Dec 24, 2013
    #21 + Quote Reply
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  3. superc

    superc Active Member

    Actually I prefer using numismedia as a price guide when buying off Ebay as opposed to using the Redbook. I put it on one browser tab and Ebay on the other. A quick price check is thus accomplished before considering whether or not to bid. I try not to ever bid more than 80% of the numismedia price. I lose a lot of auctions, but I am usually pretty happy when I win, which happens enough to satisfy me.
     
    superc, Dec 24, 2013
    #22 + Quote Reply
  4. GDJMSP

    GDJMSP Numismatist Moderator

    OK, but I'm curious, which Numimedia price is that you use ? They have about 6 different ones for every coin.
     
    GDJMSP, Dec 24, 2013
    #23 + Quote Reply
  5. treylxapi47

    treylxapi47 Well-Known Member Dealer

    I also use numismedia when buying off of eBay for the most part. I also adhere to the 80% rule. I shoot for 70-75% below numismedia FMV and after about 60-70 coins I've maintained about 81% back of those values on an average basis.

    Rarely do I pay more than that for the coin, unless it's not likely to be seen in a similar state for some length of time.
     
    treylxapi47, Dec 24, 2013
    #24 + Quote Reply
  6. MadMartigan

    MadMartigan Active Member

    Its a good jumping off point, my dealer prices things pretty fairly and normally well below numismedia but if you need a quick FMV and can check on your phone while in the shop it gives you a great jumping off point. Who is going to be going through heritage auctions and ebay auctions while at a coin shop trying to gauge a value.
     
    MadMartigan, Dec 24, 2013
    #25 + Quote Reply
  7. BooksB4Coins

    BooksB4Coins Newbieus Sempiterna

    If using a phone to check numismedia, it would not be that much more difficult or time consuming to check Heritage, especially if opened and signed in before walking into the shop.
     
    BooksB4Coins, Dec 24, 2013
    #26 + Quote Reply
  8. BigTee44

    BigTee44 Well-Known Member

    Does HA have an app?
     
    BigTee44, Dec 24, 2013
    #27 + Quote Reply
  9. superc

    superc Active Member

    I usually start with this page.
    http://www.numismedia.com/fmv/fmv.shtml
     
    superc, Dec 24, 2013
    #28 + Quote Reply
  10. BooksB4Coins

    BooksB4Coins Newbieus Sempiterna

    Now that you mention it, I don't know and never thought to look, but this may be worth looking into.

    Actually, a quick google search shows one available for the iPhone, but I didn't notice one for Android.
     
    BooksB4Coins, Dec 24, 2013
    #29 + Quote Reply
  11. Lehigh96

    Lehigh96 Toning Enthusiast

    Yes, they do, I have it on my iPhone.
     
    Lehigh96, Dec 24, 2013
    #30 + Quote Reply
  12. MadMartigan

    MadMartigan Active Member

    Ohhh that might be a nice app to get then too. Going to get a nice coin for my 7070 tomorrow with some Christmas cash so might be good to have that. Was thinking half cent, capped bust half or 20 cent piece.
     
    MadMartigan, Dec 26, 2013
    #31 + Quote Reply
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