Math help please.
ChrisKK
Posts: 148
I was looking for additions to my 1970 set I came across this auction: auction now I know I have a PSA 9 graded card in my collection, Chris R. has one in his collection and with this one that would make three. Right? I could understand if the seller posted their auction before the POP report was updated, but since they have a scan the POP report must have been updated by now. Is this an attempt at creating a rarity? How accurate are the rest of their auctions?
How often do you believe the sellers claims?
Chris
How often do you believe the sellers claims?
Chris
0
Comments
It depends on the reputation of the sellers. There are some unscurpulous people that flat-out lie about the population figures and hopefully realize a greater price (it often works). Some simply make mistakes -- especially those that list dozens, if not hundreds, of auctions. Other times, there is a time lag. But if I had to guess in this instance, I would say it is a mistake. Luckily, most of the active collectors of sets know the true populations of cards and do not simply rely on a seller's claim.
When I am the buyer I often verify the sellers claim of actually how rare the card is. And knowing that I and many others do that, I make sure when I am the seller to be as accurate as I can, I usually look up the population minutes before I post the auction so I won't be caught w/ misleading figures. Although some pops can change during the run of my 10 day auctions..jay
Website: http://www.qualitycards.com
As far as "believing" seller's scarcity quotes, I ALWAYS check the pop report before I bid!
It is a "report" taken from the psa database.
The player search actually goes into the psa database and creates a report that is "real-time".
Wait until the next pop report update and I'll bet psa 9 #5 shows up (having been graded in the past few days).
I've found that this particular seller frequently misrepresents the population of cards on the pop report. He is excellent to deal with and very prompt on his shipping but I have no idea where he gets his card populations from. I've seen several auctions for 74's where he called auctions 1/1 and both myself and Scott Wetzel already had examples of the same card in the same grade in our sets. Then I check the pop reports and find that there are 4 examples listed there. I would like to know what he looks at to determine the card populations. And if the seller is someone on these boards - I'm not bashing because you are fantastic to deal with. I just double check all populations before I decide what to bid.
Wayne
JEB.
The listing in question now has a corrected note at the bottom stating the correct pop.
Fuzz