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<p>[QUOTE="dougsmit, post: 934212, member: 19463"]Yes, if you have $600 to spend on their services and only collect high end coins offered by major auction houses, Coin Archives is a great resource. If you collect something that has not sold in the last few months (where they cut off the free listings) or if you are interested in the 99% of ancient coins that are beneath the notice of major auction houses, searching there can be less fruitful. A bit better is acsearch but most of their listings are still not what beginners are likely to be considering. </p><p> </p><p>The problem with a price guide is that ancients do not grade easily. Modern coins fit to a degree into the Sheldon 70 (or is it 700 now?) but 99% of ancients have a stituation (damaged, cleaned, artificially toned etc.) that would cause them to be body bagged by standards used for modern coins. How much each of these factors applies to price is very much a hard thing to predict acccurately. Every auction of ancient coins includes many coins that sell for substantually more or less than the auction house suspected based on their years of experience. Every day very similar coins sell for very dissimilar prices depending on venue and chance of who shows up at the sale. </p><p> </p><p>This discussion has suggested several potential guides but the skill to use those guides effectively is a long shot from opening up the 2011 Red Book. Perhaps this is also the situation in US coins in that reference since it lists every cent as having left the mint worth 20 cents or more. By that standard, a fudge factor of 2000%, perhaps we could have a workable price guide for ancients if we could only find agreement on the subject of standards for grading them.</p><p> </p><p>A question: What is the mean time between transactions for common and popular US coins? How often is a MS 1909s VDB cent sold? Daily? Hourly? Three a second? This statistic would seem important in keeping the book value of such coins current.[/QUOTE]</p><p><br /></p>
[QUOTE="dougsmit, post: 934212, member: 19463"]Yes, if you have $600 to spend on their services and only collect high end coins offered by major auction houses, Coin Archives is a great resource. If you collect something that has not sold in the last few months (where they cut off the free listings) or if you are interested in the 99% of ancient coins that are beneath the notice of major auction houses, searching there can be less fruitful. A bit better is acsearch but most of their listings are still not what beginners are likely to be considering. The problem with a price guide is that ancients do not grade easily. Modern coins fit to a degree into the Sheldon 70 (or is it 700 now?) but 99% of ancients have a stituation (damaged, cleaned, artificially toned etc.) that would cause them to be body bagged by standards used for modern coins. How much each of these factors applies to price is very much a hard thing to predict acccurately. Every auction of ancient coins includes many coins that sell for substantually more or less than the auction house suspected based on their years of experience. Every day very similar coins sell for very dissimilar prices depending on venue and chance of who shows up at the sale. This discussion has suggested several potential guides but the skill to use those guides effectively is a long shot from opening up the 2011 Red Book. Perhaps this is also the situation in US coins in that reference since it lists every cent as having left the mint worth 20 cents or more. By that standard, a fudge factor of 2000%, perhaps we could have a workable price guide for ancients if we could only find agreement on the subject of standards for grading them. A question: What is the mean time between transactions for common and popular US coins? How often is a MS 1909s VDB cent sold? Daily? Hourly? Three a second? This statistic would seem important in keeping the book value of such coins current.[/QUOTE]
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