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<p>[QUOTE="coleguy, post: 1077481, member: 9167"]I see where you're coming from, Eye, as far as trying to average out prices to come up with value. I've been asked by people in my community to appraise coin and other collections, and though I'm no professional appraiser, I believe I use the same basic methods they employee. Thats a matter of taking auction and retail results from many different venues and averaging the numbers. The problem is, thats not always an accurate value of an item. If there were a set value, there would be no need to average anything, nor would there be competing venues trying to sell the same things for different prices. I may average a piece at $500 because sometimes it sold for $600 and sometimes it sold for $400. But that doesn't mean one might not sell for $1000 or $50 on any given day. Value is based on buyer demand. Even the best expert in the field can't predict one day from the next with absolute accuracy what a buyer will do. So, in retrospect, yes, Ebay, Teletrade, Heritage, your local shop...are all viable resources for determining value on paper, but should never be used a sole means of placing a price on anything, unless you happen to be the IRS in which case I've said too much.</p><p>Guy[/QUOTE]</p><p><br /></p>
[QUOTE="coleguy, post: 1077481, member: 9167"]I see where you're coming from, Eye, as far as trying to average out prices to come up with value. I've been asked by people in my community to appraise coin and other collections, and though I'm no professional appraiser, I believe I use the same basic methods they employee. Thats a matter of taking auction and retail results from many different venues and averaging the numbers. The problem is, thats not always an accurate value of an item. If there were a set value, there would be no need to average anything, nor would there be competing venues trying to sell the same things for different prices. I may average a piece at $500 because sometimes it sold for $600 and sometimes it sold for $400. But that doesn't mean one might not sell for $1000 or $50 on any given day. Value is based on buyer demand. Even the best expert in the field can't predict one day from the next with absolute accuracy what a buyer will do. So, in retrospect, yes, Ebay, Teletrade, Heritage, your local shop...are all viable resources for determining value on paper, but should never be used a sole means of placing a price on anything, unless you happen to be the IRS in which case I've said too much. Guy[/QUOTE]
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