How do you determine value for purchasing?

sayheywyo

I'm sure it's been asked a million times. It appears pricing is all over the place. I have Red Book, Greysheet, eBay completed sales and PCGS that I currently use to make a decision on how much I'm willing to pay for a certain coin. I understand condition, eye appeal, common vs semi & key dates. Still, asking prices can fluctuate a few hundred on coins. I don't mind "overpaying" if I like the dealer and the coin. The end game for my purchases is to just pass them along. Are there any strategies you currently use for purchases?

emeraldATV

Maybe this can help.
When I was selling printing, the value of communication was priceless, and adding good ethics into the mix would be a good starting point.
Auctions also can guide you.

ifthevamzarockin

@sayheywyo said:
I have Red Book, Greysheet, eBay completed sales and PCGS that I currently use to make a decision on how much I'm willing to pay for a certain coin.

It sounds like you are doing things right.

sedulous

@emeraldATV said:
Maybe this can help.
When I was selling printing, the value of communication was priceless, and adding good ethics into the mix would be a good starting point.
Auctions also can guide you.

In addition, dealers tend to use CDN, eBay sales, and comps (completed sales and what the coin sells for) to determine their own buy, and what they will later sell it for, pricing. As @emeraldATV stated, great dealers will be transparent with their practices and look to help you not get margin from you.

sayheywyo

Thanks for the replies. I have found that buying in person from a dealer/weekend warrior vs eBay tends to result in better deals. I guess what I struggle with is the hi-low difference for buying a coin I like. Such as: Redbook (600), CDN (450), PCGS (650) and a grade lower has completed sale at 450..... asking price for coin is 540.

JWP

You can look at other forum listing, Ebay, Grey sheet (if you have access to ot), Redwood (may not be the best choice), or other coin value apps that are on line. Hope this gives you other options.