:hail: I know coins are valued according to demand and availability, grade and age, etc... :rolling: What I need to know now, it more about... There are many books and websites giving value of coins, do they all give the same? If I want to observe the evolution of the value of some coins, what time of the year should I note the current values? ..if there's any time better than another... I mean do they upgrade values many times a year, or usually once? More about how it works if you can and how I should analyze this. Thanks Max
Max,there are many catalogues,but prices generally vary from country to country.For example,a silver Canadian 50c. coin may fetch $3 in New Zealand,but the same coin could fetch a much higher price in Canada,as the demand for the coin from Canadian coin collectors may be very strong. It is always a supply & demand factor that influences pricing. Aidan.
Max - If you do a search for threads discussing price guides you'll find out exactly what you want to know. But the bottom line is they are all pretty much meaningless. However, if you want to know what the current wholesale values are for a given coin in a given grade you can use the Grey Sheet. But even that is just a guide - the numbers are not carved in stone. If you want to know retail values, then you need to use realized auction prices. You can find just about whatever you want - Right Here
The more this hobby gets going, the more opinions there will be as to the value of any coins. You'll notice that not long ago there were few books on coins around. Now, as with any hobby, as the popularity increases, so does the books, magazines, web sites, etc. As and if the hobby starts to slag, so does the amount of these documents. The prices of coins are purely up to who wants them, how many want them, how many were made, how many may still be out there, possible future of the hobby and just a lot of guess work. For example the 2007 Red Book came out months ago with prices that were outdated by the time the first issue was baught. For prices I don't think anyone really knows what some coins are worth today, tomorrow or a few years from now. Stamp collecting fizzeled back when I was a kid. Beany babies just went down the drain. Hardly any one is selling those little Hot Wheel or other brand cars any more. And remember baseball and football cards. My son used to have thousands of them worth millions to him. Now I think he gave them to someone for nothing. I'm still waiting for the antique roadshow to explain coins.
I use coin books as a Basis for it's value if the book says $60.00 it may realize about 50.00 or $70.00 (just an example) - if the book says $60.00 you know it is worth more than $20.00 (do you see what i mean ?) If i really want to know what a coin will realize i will go to ebay and search their completed auctions. This to me is the most accurate method.
