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<p>[QUOTE="Vess1, post: 5369391, member: 13650"]In the end, values are whatever someone is willing to pay you for it at a given place and time, largely based on how popular, desirable and unique the coin is. Dealers can buy at wholesale, far below the average "deal" a collector sees. This argument goes round and round every year and most certainly you can only hope to nail down a range for a price on most coins. </p><p> I try to pick conservative values relative to prices paid on my documentation and I will pick a single number for sake of simplicity. In the future, it may be worth more or less but at least a non-collector could look at my spreadsheet and realize something is worth $300 and not $50 or $1k.</p><p><br /></p><p> I think a lot of times people inherit a collection not knowing anything about it and then they have no idea what it's actually worth and they get screwed. Or they think they're rich. The collectors life work is basically thrown away if it gets sold cheap for pennies on the dollar because somebody didn't know what it was worth. Basically expensive coins are GIVEN AWAY FOR FREE because people want to sell a whole set off and be done with it so give me whatever money you want to give me even if I'm getting royally screwed. All they know is "they got some money for it." But you see this happen with everything. Vehicles, guns, all kinds of toys.</p><p> If you want a true value, list a coin you're wondering about on ebay. Put a high price on it with make an offer. You don't have to sell it. See what offers you get if any. Then take off 12% that goes to "the house". It'll still be more than a dealer will give you but requires work.</p><p> So the same coin basically has many different values. List it here. Offer to a dealer. List on ebay. Sell at a yard sale. Go to a pawn shop. Pick your best option and go with it. The more common it is the harder it'll be to sell. The more expensive it is the harder it'll be to get all of the money back out of it. You may have a highly desirable coin that's worth $10k that was given to you for free. How large is the available pool of people who not only can buy that coin, but want to buy that coin, AND want to buy it right now. You probably have to end up selling it for less if it needs to be sold right now, just like a house.[/QUOTE]</p><p><br /></p>
[QUOTE="Vess1, post: 5369391, member: 13650"]In the end, values are whatever someone is willing to pay you for it at a given place and time, largely based on how popular, desirable and unique the coin is. Dealers can buy at wholesale, far below the average "deal" a collector sees. This argument goes round and round every year and most certainly you can only hope to nail down a range for a price on most coins. I try to pick conservative values relative to prices paid on my documentation and I will pick a single number for sake of simplicity. In the future, it may be worth more or less but at least a non-collector could look at my spreadsheet and realize something is worth $300 and not $50 or $1k. I think a lot of times people inherit a collection not knowing anything about it and then they have no idea what it's actually worth and they get screwed. Or they think they're rich. The collectors life work is basically thrown away if it gets sold cheap for pennies on the dollar because somebody didn't know what it was worth. Basically expensive coins are GIVEN AWAY FOR FREE because people want to sell a whole set off and be done with it so give me whatever money you want to give me even if I'm getting royally screwed. All they know is "they got some money for it." But you see this happen with everything. Vehicles, guns, all kinds of toys. If you want a true value, list a coin you're wondering about on ebay. Put a high price on it with make an offer. You don't have to sell it. See what offers you get if any. Then take off 12% that goes to "the house". It'll still be more than a dealer will give you but requires work. So the same coin basically has many different values. List it here. Offer to a dealer. List on ebay. Sell at a yard sale. Go to a pawn shop. Pick your best option and go with it. The more common it is the harder it'll be to sell. The more expensive it is the harder it'll be to get all of the money back out of it. You may have a highly desirable coin that's worth $10k that was given to you for free. How large is the available pool of people who not only can buy that coin, but want to buy that coin, AND want to buy it right now. You probably have to end up selling it for less if it needs to be sold right now, just like a house.[/QUOTE]
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