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<p>[QUOTE="DANIEL HENRIQUEZ, post: 2880884, member: 76821"]I have read all the above reasons and I agree with ALL of them yet, some points are major and others are minor. I have been collecting for over 40 years and have watched many prices change for many different reasons but, the main one nowadays is:</p><p> </p><p>-price such as Grey sheets or even the Red Bood (US Coins) both take their information from auctions. Now Grey sheet is more up to date because their information is within weeks of auctions and posted online and printed while the Red Book is printed this year from Last year's information. Either way though, these auction prices are realized from buyers that want that specific coin and will pay WHATEVER it costs to get it. Meaning, some of these prices are well above what the actual value is but, the NEW realized value is the price paid when the gavel hit the desk.</p><p> </p><p>So, in my purchasing of ANY coins, I use a formula that determines the "fair market value" according to 3 sources and then taking that amount and decreasing by 46%. This gives a truer value including equity should I purchase close to that value in the auction. Again, some people will pay any amount to get what they want thereby driving the actual value above to their frivolous achievement. I choose not to subscribe to their trash values.[/QUOTE]</p><p><br /></p>
[QUOTE="DANIEL HENRIQUEZ, post: 2880884, member: 76821"]I have read all the above reasons and I agree with ALL of them yet, some points are major and others are minor. I have been collecting for over 40 years and have watched many prices change for many different reasons but, the main one nowadays is: -price such as Grey sheets or even the Red Bood (US Coins) both take their information from auctions. Now Grey sheet is more up to date because their information is within weeks of auctions and posted online and printed while the Red Book is printed this year from Last year's information. Either way though, these auction prices are realized from buyers that want that specific coin and will pay WHATEVER it costs to get it. Meaning, some of these prices are well above what the actual value is but, the NEW realized value is the price paid when the gavel hit the desk. So, in my purchasing of ANY coins, I use a formula that determines the "fair market value" according to 3 sources and then taking that amount and decreasing by 46%. This gives a truer value including equity should I purchase close to that value in the auction. Again, some people will pay any amount to get what they want thereby driving the actual value above to their frivolous achievement. I choose not to subscribe to their trash values.[/QUOTE]
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