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Ohio Appraiser? Newbie...and...Very Sorry
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<p>[QUOTE="Bacchus, post: 41088, member: 759"]Another thought, just to connect a couple dots suggested here: The <i>Red Book </i>and <i>Photograde </i>are good suggestions if you want to do an evaluation or preliminary ballpark evaluation yourself. You use <i>Photograde </i>to assess the condition, or grade, of each coin. Once you have determined a grade, you go to the <i>Red Book </i>and look up an approximate market value.</p><p><br /></p><p>Beware that on some of the rarer coins slight deviations in condition can mean big differences in market value. Someone offering you money for a coin can undergrade it for its actual condition as well as underprice it for its actual condition. For example, if a MS-67 coin has a market value of $600, and a MS-65 coin has a market value of $400, a shifty buyer might tell you that your MS-67 coin is only a MS-65, but he is offering you the great price of $450, $50 over a MS-65's value. In reality he is paying you $150 less than the MS-67's value.</p><p><br /></p><p>Complicating this is that published market value prices are just a guide. You also need to be aware of whether the prices are wholesale or retail. And, there is some subjectivity in grading.</p><p><br /></p><p>So don't expect absolutes, but you can arm yourself with a lot of knowledge.[/QUOTE]</p><p><br /></p>
[QUOTE="Bacchus, post: 41088, member: 759"]Another thought, just to connect a couple dots suggested here: The [i]Red Book [/i]and [i]Photograde [/i]are good suggestions if you want to do an evaluation or preliminary ballpark evaluation yourself. You use [i]Photograde [/i]to assess the condition, or grade, of each coin. Once you have determined a grade, you go to the [i]Red Book [/i]and look up an approximate market value. Beware that on some of the rarer coins slight deviations in condition can mean big differences in market value. Someone offering you money for a coin can undergrade it for its actual condition as well as underprice it for its actual condition. For example, if a MS-67 coin has a market value of $600, and a MS-65 coin has a market value of $400, a shifty buyer might tell you that your MS-67 coin is only a MS-65, but he is offering you the great price of $450, $50 over a MS-65's value. In reality he is paying you $150 less than the MS-67's value. Complicating this is that published market value prices are just a guide. You also need to be aware of whether the prices are wholesale or retail. And, there is some subjectivity in grading. So don't expect absolutes, but you can arm yourself with a lot of knowledge.[/QUOTE]
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Ohio Appraiser? Newbie...and...Very Sorry
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