Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
How to determine the market value of an ancient coin
>
Reply to Thread
Message:
<p>[QUOTE="Cherd, post: 24484587, member: 24754"]I think that you've accounted for most of the important variables, but distilling it down to an equation that can be solved by plugging in values is probably an overly systematic approach. In short, it's more art than science.</p><p><br /></p><p>And from the perspective of dealers, it is probably even more simple than that (little science, some art, and mostly bottom line). In short, I'd guess that they:</p><p><br /></p><p>1. Do whatever they can to get the coins for as cheap as possible</p><p>2. Make a rough guess at what they are worth</p><p>3. Tack-on a liberal safety margin just in case they underestimated</p><p>4. Test the waters with inflated prices</p><p>5. Discount the asking price and entertain offers until they sell.</p><p><br /></p><p>I suppose that metal prices would represent a kind of "floor" in extreme cases, but I don't think that people really take this kind of thing into account very often with ancients (Pay calculably more for a gold coin that weights 4.6g as opposed to 4.5g).</p><p><br /></p><p>I tend to approach ancients in a fashion that is similar to modern "Type" collectors, where type is typically in reference to a person (bust of emperor for instance). The only thing that I care about is getting the best condition, best eye appeal coin that I can of that person, therefore, the significance of a specific reverse is unimportant to me (These would be analogous to modern coin "Key Dates" that are only important to "Set" collectors).</p><p><br /></p><p>I then determine prices (that I will pay in this case) by putting together a data set of previous sales for coins that I find to be acceptably pleasing in different grade ranges (I buy slabbed coins). A linear cluster typically develops at the lower end, and then there are outliers that trend above that line. I remove the outliers, and the linear region is documented as the "Range". For instance, here is an example for Domitian Denarii graded AU where I determine my acceptable range to be $250-500 depending on how much I like the coin.</p><p><br /></p><p>[ATTACH=full]1549702[/ATTACH]</p><p><br /></p><p>This probably doesn't help much with your specific inquiries, but it's a type of "pricing" process from a different perspective <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="Cherd, post: 24484587, member: 24754"]I think that you've accounted for most of the important variables, but distilling it down to an equation that can be solved by plugging in values is probably an overly systematic approach. In short, it's more art than science. And from the perspective of dealers, it is probably even more simple than that (little science, some art, and mostly bottom line). In short, I'd guess that they: 1. Do whatever they can to get the coins for as cheap as possible 2. Make a rough guess at what they are worth 3. Tack-on a liberal safety margin just in case they underestimated 4. Test the waters with inflated prices 5. Discount the asking price and entertain offers until they sell. I suppose that metal prices would represent a kind of "floor" in extreme cases, but I don't think that people really take this kind of thing into account very often with ancients (Pay calculably more for a gold coin that weights 4.6g as opposed to 4.5g). I tend to approach ancients in a fashion that is similar to modern "Type" collectors, where type is typically in reference to a person (bust of emperor for instance). The only thing that I care about is getting the best condition, best eye appeal coin that I can of that person, therefore, the significance of a specific reverse is unimportant to me (These would be analogous to modern coin "Key Dates" that are only important to "Set" collectors). I then determine prices (that I will pay in this case) by putting together a data set of previous sales for coins that I find to be acceptably pleasing in different grade ranges (I buy slabbed coins). A linear cluster typically develops at the lower end, and then there are outliers that trend above that line. I remove the outliers, and the linear region is documented as the "Range". For instance, here is an example for Domitian Denarii graded AU where I determine my acceptable range to be $250-500 depending on how much I like the coin. [ATTACH=full]1549702[/ATTACH] This probably doesn't help much with your specific inquiries, but it's a type of "pricing" process from a different perspective ;)[/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
>
Coin Chat
>
How to determine the market value of an ancient coin
>
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...