CoinManage 2009 provides pricing pursuant to grade. Regular updates can be acquired. This is the software that I use.
I checked out this product's website. It says that coin value updates are provided twice yearly, but it doesn't say whether there's a cost. Is there?
Yes - but you do not have to do every update. I average about once a year. I really like this software. Keep in mind the prices you get are about like the red book - in some cases they maybe accurate and some cases not very accurate.
Best Coin Values on the web? Who has the best coin valuations on the web in your experience? It sounds like Coin Elite is a little off. I'm asking, because I've developed a website that allows people to catalog their collections (coin collections included). Soon we would like to add valuation as a feature for the site, and we're trying to figure out the best source for coin values. Thanks for your help!
I don't feel there is a best. Most are just a rough guide. There may be problems using any of these on your site. Sounds like a cool project.
I use Collector Assistance Plus with the Grading assistance program. Coin values can be subscribed to quarterly or annually, although the values appear to be close to red book. It does allow you to place a manual value. Here a link http://www.wizardcoinsupply.com/_search.php?page=1&q=software
Nope, not 'for profit'. Just for fun. But we're having a really hard time getting people to use it. I think the hours it would take to load a collection are a little scary for some people. I'm going to work on a way for people to potentially transfer their collections that they have stored in excel, etc... straight over to our database. Might lower the barrier to entry for some people.
I'm thinking that most coin collectors will never post what they own on an internet based site like this. It's a security thing for many and that may be why it's hard to get folks to use it.
There is no collection software made by anybody that has accurate prices. The only way to get accurate prices is to look them up from auction and price them yourself. But it is a monumental job because the prices change so drastically over the course of a year.
I created an access database for my collection. Whenever I buy or sale a coin and enter it into the database - it automactically updates the value of the other coins in my database of the same grade, date and mint mark to this new value and tags them with the date of valuation.
But doesn't that present you with a problem since not all coins of the same grade are worth the same amount of money ?
I don't see it as a problem since the original acquisition data and notes about the coin are also retained in the record. It's just a valuation based on a known method of determination that requires no additional data input.
But if your database has a formula plugged in that calculates the total value of your collection, as I suspect it does, then you are ending up with an inaccurate total. That for me would for me would be a problem. If it isn't for you - OK.
Totally agree. Security is important for most collectors, and to varying degrees. The initial functionality we've included in the site regarding this is that you can make any item you add to the site "Private" to only you. Down the road we may add the ability to share collections with just friends, etc...
There are a lot of examples of online collections. Heritage has MyCollection, PCGS has the Set Registry and NGC has a registry too. As for pricing...I'd make a screen scraper that collects and mines past auction data from Heritage and eBay. On Heritage you can also collect PCGS Price Guide data, Numismedia Wholesale and Retail and other types of prices. It might be kind of interesting to see what kinds of correlations the analysis shows.
