Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Best On Line Price Guide
>
Reply to Thread
Message:
<p>[QUOTE="GDJMSP, post: 3014954, member: 112"]A lot of folks think that is a good way to go, I strongly disagree with them. Ebay is a terrible resource to use to determine the value of coins because way, way, too many people buying on ebay grossly over-pay for their coins. So anyone who uses ebay's realized prices as a price guide will also grossly over-pay.</p><p><br /></p><p><br /></p><p><br /></p><p>I've posted the answer to that more times than I can count, but you're right I didn't say it here. The best <u>free</u> resource to determine the real world value of coins is to research the realized auction prices on Heritage and other <u>major auction houses</u>. But you need to understand that is not the same thing as saying any auction venue. Some of the other auction venues are just as bad as ebay is.</p><p><br /></p><p>When using realized auction prices as your resource to determine value, you also have to understand that no two coins are ever equal. Even when they are the same grade and both graded by the same TPG - no two coins are ever equal. Thus one may well be worth more than the other. So when using realized auction prices you must, stress must, be able to judge the coins. </p><p><br /></p><p>That said, if one is willing to pay for it, the very best resource for determining real world value of coins is the electronic dealer markets. There you can see what the current Bid and Ask for any coin in any grade is on any given day.</p><p><br /></p><p><br /></p><p><br /></p><p>You're correct, it is extremely common for dealer A to be asking as much as double what dealer B is asking for the very same coin. And in some cases even more than double.</p><p><br /></p><p>But one has to realize what that means. Which is - it depends on who you ask. In other words some dealers play the game differently. Some will give you straight, honest answers. And some will give you what they think are straight honest answers, but their answers are based on bad information. In other words, just because someone is a dealer, that doesn't necessarily mean that they really know what they are talking about. And still others will be looking to take advantage of you.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 3014954, member: 112"]A lot of folks think that is a good way to go, I strongly disagree with them. Ebay is a terrible resource to use to determine the value of coins because way, way, too many people buying on ebay grossly over-pay for their coins. So anyone who uses ebay's realized prices as a price guide will also grossly over-pay. I've posted the answer to that more times than I can count, but you're right I didn't say it here. The best [U]free[/U] resource to determine the real world value of coins is to research the realized auction prices on Heritage and other [U]major auction houses[/U]. But you need to understand that is not the same thing as saying any auction venue. Some of the other auction venues are just as bad as ebay is. When using realized auction prices as your resource to determine value, you also have to understand that no two coins are ever equal. Even when they are the same grade and both graded by the same TPG - no two coins are ever equal. Thus one may well be worth more than the other. So when using realized auction prices you must, stress must, be able to judge the coins. That said, if one is willing to pay for it, the very best resource for determining real world value of coins is the electronic dealer markets. There you can see what the current Bid and Ask for any coin in any grade is on any given day. You're correct, it is extremely common for dealer A to be asking as much as double what dealer B is asking for the very same coin. And in some cases even more than double. But one has to realize what that means. Which is - it depends on who you ask. In other words some dealers play the game differently. Some will give you straight, honest answers. And some will give you what they think are straight honest answers, but their answers are based on bad information. In other words, just because someone is a dealer, that doesn't necessarily mean that they really know what they are talking about. And still others will be looking to take advantage of you.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Best On Line Price Guide
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...