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<p>[QUOTE="Heliodromus, post: 8280619, member: 120820"]What I do is keep my own database of coins in my collecting area, together with prices and sale dates. I normalize all prices into dollars adding in buyers fees.</p><p><br /></p><p>When preparing my bid limits for an auction I do the reverse, and figure out what my max bid should be in the auction currency given a max dollar price I'm willing to pay.</p><p><br /></p><p>e.g. If based on historical prices, etc, I think a coin is worth $100, and the auction is in UK pounds (1 UKP = $1.31) with a buyers fee of 20%, then I'll calculate my max bid as 100 / 1.31 / 1.20 = UKP 63.61, then maybe round up (and anyways probably allow myself to go an increment over my "limit" anyway).</p><p><br /></p><p>Google is great for currency conversions (all sorts of conversions actually) as well as math. e.g. If you want to know the current UKP to USD exchange rate then do a Google "search" for "1 UKP in USD". Or, if you want to know what 50 UKP would be in dollars with a buyers fee of 20%, then "search" for "1.2 * 50 UKP in USD".[/QUOTE]</p><p><br /></p>
[QUOTE="Heliodromus, post: 8280619, member: 120820"]What I do is keep my own database of coins in my collecting area, together with prices and sale dates. I normalize all prices into dollars adding in buyers fees. When preparing my bid limits for an auction I do the reverse, and figure out what my max bid should be in the auction currency given a max dollar price I'm willing to pay. e.g. If based on historical prices, etc, I think a coin is worth $100, and the auction is in UK pounds (1 UKP = $1.31) with a buyers fee of 20%, then I'll calculate my max bid as 100 / 1.31 / 1.20 = UKP 63.61, then maybe round up (and anyways probably allow myself to go an increment over my "limit" anyway). Google is great for currency conversions (all sorts of conversions actually) as well as math. e.g. If you want to know the current UKP to USD exchange rate then do a Google "search" for "1 UKP in USD". Or, if you want to know what 50 UKP would be in dollars with a buyers fee of 20%, then "search" for "1.2 * 50 UKP in USD".[/QUOTE]
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