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<p>[QUOTE="satootoko, post: 51966, member: 669"]It depends on a lot of factors. There are many coins with Krause values considerably more than their true market <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie3" alt=":(" unselectable="on" unselectable="on" /> , others are pretty much on <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /> , and there are some that I would dearly love to get for double the amount listed in Krause <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie7" alt=":p" unselectable="on" unselectable="on" />. </p><p><br /></p><p>Like any other price guide, the Krause catalogs are merely "guides", and not "bibles". Also bear in mind that they are referencing retail prices that a dealer might be expected to sell the coin for; not wholesale prices that the same dealer would be expected to pay.</p><p><br /></p><p>The most accurate guide to true value - defined as what a willing buyer would pay a willing seller when both are in possession of the relevant facts - is the price obtained at a recent legitimate auction, conducted by a reputable house. </p><p><br /></p><p>Because of the changing marketplace, the price realized at a Goldberg autction this year is undoubtedly more accurate than the price realized at a 2003 Heritage auction.</p><p><br /></p><p>The biggest problem with using EBay prices as a "guide" is that "possesion of the relevant facts" element. The more EBay sales there are, the more likely it is that the average price will be close to true value.[/QUOTE]</p><p><br /></p>
[QUOTE="satootoko, post: 51966, member: 669"]It depends on a lot of factors. There are many coins with Krause values considerably more than their true market :( , others are pretty much on :) , and there are some that I would dearly love to get for double the amount listed in Krause :p. Like any other price guide, the Krause catalogs are merely "guides", and not "bibles". Also bear in mind that they are referencing retail prices that a dealer might be expected to sell the coin for; not wholesale prices that the same dealer would be expected to pay. The most accurate guide to true value - defined as what a willing buyer would pay a willing seller when both are in possession of the relevant facts - is the price obtained at a recent legitimate auction, conducted by a reputable house. Because of the changing marketplace, the price realized at a Goldberg autction this year is undoubtedly more accurate than the price realized at a 2003 Heritage auction. The biggest problem with using EBay prices as a "guide" is that "possesion of the relevant facts" element. The more EBay sales there are, the more likely it is that the average price will be close to true value.[/QUOTE]
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