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Why is there such a difference in prices with price guides?
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<p>[QUOTE="GDJMSP, post: 2717742, member: 112"]Yes, that is a piece of the explanation, but only a tiny piece. The real issue, or problem, with price guides, and I mean all of them, is the sources they use to establish the prices. In most cases the sources turn out to be nothing more than dealer asking prices. </p><p><br /></p><p>So why is that a problem ? It's quite simple, it's because dealer asking prices can vary by as much as 100% or more. In other words dealer A may be asking $300 for a coin while dealer B is asking $600 for the very same coin. And if you ask the same 2 dealers about another coin that situation may reverse, A may be asking double what B is asking for that particular coin.</p><p><br /></p><p>Once you understand this, it's quite easy to understand why price guides differ so much from each other. This guide asks that group of dealers what their asking prices are, and that guide asks a different group of dealers what their asking prices are. So of course the values put into the price guides are going to be grossly different - since each guide is using a different source or sources.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 2717742, member: 112"]Yes, that is a piece of the explanation, but only a tiny piece. The real issue, or problem, with price guides, and I mean all of them, is the sources they use to establish the prices. In most cases the sources turn out to be nothing more than dealer asking prices. So why is that a problem ? It's quite simple, it's because dealer asking prices can vary by as much as 100% or more. In other words dealer A may be asking $300 for a coin while dealer B is asking $600 for the very same coin. And if you ask the same 2 dealers about another coin that situation may reverse, A may be asking double what B is asking for that particular coin. Once you understand this, it's quite easy to understand why price guides differ so much from each other. This guide asks that group of dealers what their asking prices are, and that guide asks a different group of dealers what their asking prices are. So of course the values put into the price guides are going to be grossly different - since each guide is using a different source or sources.[/QUOTE]
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