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Why do price guides overvalue everything?
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<p>[QUOTE="GDJMSP, post: 2878432, member: 112"]Two reasons: 1 - to sell their magazines and/or online guides, and 2 - to induce people to buy the coins and thus generate impetus for the hobby.</p><p><br /></p><p>Think about it for a minute, everybody wants to think, wants to believe, that the items in their collection are worth a lot. So that's what the guides give them. If you are trying to sell something then you have to give the buyers what they want - not what they don't want. And they don't want a price guide that says that the coin they paid $150 for is only worth $65.</p><p><br /></p><p>Same kind of thing applies when people consider buying a coin. They see the asking price, then look in the guide. The guide says the coin is worth more than is being asked. So they buy it thinking they are getting a bargain because of what the guide says.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 2878432, member: 112"]Two reasons: 1 - to sell their magazines and/or online guides, and 2 - to induce people to buy the coins and thus generate impetus for the hobby. Think about it for a minute, everybody wants to think, wants to believe, that the items in their collection are worth a lot. So that's what the guides give them. If you are trying to sell something then you have to give the buyers what they want - not what they don't want. And they don't want a price guide that says that the coin they paid $150 for is only worth $65. Same kind of thing applies when people consider buying a coin. They see the asking price, then look in the guide. The guide says the coin is worth more than is being asked. So they buy it thinking they are getting a bargain because of what the guide says.[/QUOTE]
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Why do price guides overvalue everything?
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