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Coin Pricing(2008 ASE error VS. "07" Rev. PF Plat)
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<p>[QUOTE="modernman, post: 377085, member: 11789"]I recall reading that Modern Coin Mart or Gainesville Coins had the ASE 08/07 variety for $69 or $99 initially. The price had gone up to $150 by the time I knew about the coin and ordered by my "gut feeling."</p><p> </p><p>Those 2 retailers have both raised their prices repeatedly as the demand for the coins have escalated and their supply has diminished. If the retailers suddenly decided to bump up their prices, the ebay-ers would immediately ratchet up their buy it now prices, and bidders would probably bump up their bids.</p><p> </p><p>So who sets the "anchors" for the prices? If the Red Book publishes a $500 price, but the retailers maintain a $800 price, what is the true price? </p><p> </p><p>I'm guessing the 95-W's price is anchored by the PCGS Price Guide and the Red Book. In a few years we'll have a better idea of the value of the 08/07 variety, but for now we're drifting asea with no anchors.</p><p> </p><p>There are some ebay-ers that are throwing out ridiculous asking prices (e.g. $5,900 for a 08/07 PCGS MS70 FS). What if someone pays that price? Will the anchor be set?[/QUOTE]</p><p><br /></p>
[QUOTE="modernman, post: 377085, member: 11789"]I recall reading that Modern Coin Mart or Gainesville Coins had the ASE 08/07 variety for $69 or $99 initially. The price had gone up to $150 by the time I knew about the coin and ordered by my "gut feeling." Those 2 retailers have both raised their prices repeatedly as the demand for the coins have escalated and their supply has diminished. If the retailers suddenly decided to bump up their prices, the ebay-ers would immediately ratchet up their buy it now prices, and bidders would probably bump up their bids. So who sets the "anchors" for the prices? If the Red Book publishes a $500 price, but the retailers maintain a $800 price, what is the true price? I'm guessing the 95-W's price is anchored by the PCGS Price Guide and the Red Book. In a few years we'll have a better idea of the value of the 08/07 variety, but for now we're drifting asea with no anchors. There are some ebay-ers that are throwing out ridiculous asking prices (e.g. $5,900 for a 08/07 PCGS MS70 FS). What if someone pays that price? Will the anchor be set?[/QUOTE]
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Coin Pricing(2008 ASE error VS. "07" Rev. PF Plat)
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