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<p>[QUOTE="dougsmit, post: 1223284, member: 19463"]The one thing that I am least 'in touch with' is the coin market. I make no sense out of the prices asked and received. I go to a show and see two dealers with substantially equal coins with one priced ten times the other. I see people selling severely damaged coins completely ignoring the problem while I see others downpricing for a coin having a normal degree of edge cracks. In the hobby we have to look at a coin and decide what we will pay. Condition seems to make a major difference in price but who has a coin and the venue selling it makes a greater difference. I hate the price question since someone will have no trouble finding an example at half or double any guess I'd make.</p><p><br /></p><p>A quiz: The three coins below sold within two years (a decade ago) for $35, $45 and $195 (I'm not telling which is which). How would you grade them? If they were to appear on the market today what would be the 'fair market' price?[/QUOTE]</p><p><br /></p>
[QUOTE="dougsmit, post: 1223284, member: 19463"]The one thing that I am least 'in touch with' is the coin market. I make no sense out of the prices asked and received. I go to a show and see two dealers with substantially equal coins with one priced ten times the other. I see people selling severely damaged coins completely ignoring the problem while I see others downpricing for a coin having a normal degree of edge cracks. In the hobby we have to look at a coin and decide what we will pay. Condition seems to make a major difference in price but who has a coin and the venue selling it makes a greater difference. I hate the price question since someone will have no trouble finding an example at half or double any guess I'd make. A quiz: The three coins below sold within two years (a decade ago) for $35, $45 and $195 (I'm not telling which is which). How would you grade them? If they were to appear on the market today what would be the 'fair market' price?[/QUOTE]
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