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<p>[QUOTE=&quot;medoraman, post: 1318086, member: 26302&quot;]...and there lies the problem with price guides. How do you handle the variability? Every coin is unique, and every sale of every coin is unique. There was a Judea Capta bronze at an auction earlier this year. These coins are not horribly rare, and examples in good or better condition as the auctioned piece sell regularly for $5,000-10,000. This piece was estimated at $5000, and sold for over $100,000. How do you put that in a price guide? What is another example of that coin worth, $5,000 or $100,000? All it takes is 2 bidders who HAVE to have a coin to make an auction go crazy. Knowing that, how much good are auction results? What most people do is throw out the top and bottom 25% of results to form a baseline, but there is still bias.</p><p><br /></p><p>If there is enough data, doing this can help get a baseline, but everything still will boil down to a coin is what someone is willing to pay for it, what is it worth to you? Many people, though, skip this whole thought process and just rely on a price guide, and will buy a coin if under the guide price, but not buy it if over. In doing so they make sure they buy common coins not in the top conditions. knowledgable collectors will pay over price guides if the coin is a superlative example, as its worth it.[/QUOTE]</p><p><br /></p>

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