Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
Do 21st Century Coin Collecting Methods Drive Prices Down and Hurt our Hobby?
>
Reply to Thread
Message:
<p>[QUOTE="TypeCoin971793, post: 3083741, member: 78244"]Those are what statisticians call outliers. And on the other side, there are coins that sell for waaaay below value. Just take a gander at the $50 or less thread. Being able to differentiate between the outliers and the sales that set a general trend for a market price.</p><p><br /></p><p>If it is cleaned/counterfeit/has deceptively-hidden damage and it still sells for a lot of money, they can be ignored (unless of course it is a rare variety). If it sells for way below the going rate, it might have had problems, was listed at a bad time, or had bad pictures. Those data points should be ignored. So when I go to eBay to determine value, I look at the listings of problem-free (or “market-acceptable”) coins with good pictures and use the middle 50% of sale prices to detwrmine the “going rate” for a coin.[/QUOTE]</p><p><br /></p>
[QUOTE="TypeCoin971793, post: 3083741, member: 78244"]Those are what statisticians call outliers. And on the other side, there are coins that sell for waaaay below value. Just take a gander at the $50 or less thread. Being able to differentiate between the outliers and the sales that set a general trend for a market price. If it is cleaned/counterfeit/has deceptively-hidden damage and it still sells for a lot of money, they can be ignored (unless of course it is a rare variety). If it sells for way below the going rate, it might have had problems, was listed at a bad time, or had bad pictures. Those data points should be ignored. So when I go to eBay to determine value, I look at the listings of problem-free (or “market-acceptable”) coins with good pictures and use the middle 50% of sale prices to detwrmine the “going rate” for a coin.[/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
>
US Coins Forum
>
Do 21st Century Coin Collecting Methods Drive Prices Down and Hurt our Hobby?
>
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...