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<p>[QUOTE=&quot;Kryptonitecomic, post: 1052491, member: 26784&quot;]I saw my name thrown around a few times and I actually agree with the assessments made about how I came up with my price guesses if you will. Certainly there were some nice coins won for bargain prices in this thread and there were some monster coins that sold for even more monster prices. In most examples based solely on current market conditions people overpaid or underpaid according to what I think the market would support but as mentioned these coins weren&#039;t all bought in today&#039;s market which adds to the swings in price guesses.</p><p><br /></p><p>I personally don&#039;t know the basal or book value of a lot of the coins I bid on and win at auction I simply use my memory to determine what similar coins have sold for and I base my bids on that knowledge and I win some and I lose some. Most of my prices paid guesses were coming from the seller side of me vs the collector side and as pointed out.....they will be much lower due to that fact. As a collector I will pay just about anything for the right coin but as a seller I have to buy coins at a price where their is still profit to be had.....so yes some of my coins posted were tricky in the sense that I knew I underpaid for the coins <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" /></p><p><br /></p><p>While the methodologies used in this thread may be different for every collector I don&#039;t think there are any right or wrong ways to come up with a price. It&#039;s very very simple and I will outline below:</p><p><br /></p><p>#1 As a collector you pay whatever you feel comfortable paying and not a penny more. You will never be upset with yourself even when it comes time to sell...you paid what you wanted to pay and nobody can tell you that you paid too much if you could afford the coin and you enjoy having it in your collection. Note: this will not be the philosophy of an investor as paying too much means losses down the road.</p><p><br /></p><p>#2 As a seller/dealer you pay below full retail price so that there is still some meat left on the bone when it comes time to sell. To be successful at this you better have a pretty good idea of current market conditions so you don&#039;t end up losing money by overpaying someone elses full retail price.</p><p><br /></p><p>#3 We all have a choice on what we are willing to pay based on what we like....one collector may value a coin at $100 and the next may value it at $500....neither is wrong if it&#039;s for their own personal collection.[/QUOTE]</p><p><br /></p>

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