Could we do a better price guide??

coynclecter

Regardless or how you use guides or if you use them at all, there seems to be a lot of dis-satisfaction with the one that is most widely used. The members of this board are probably best capable of proving the most accurate information on whats happening in the marketsplace. How about we ask DH and the Collectors Universe to come up with an "interactive" price guide. One where WE could provide the data, on-line through this forum in an application/database that could collect and process the information. Then we could each enter our transactions for the week and the price list would "average" or compute accordingly. (BTW, I know progammers in OC that coould do it easily)

Could we provide better information than the Greysheet?

kieferscoins

No. Manipulation and too many people with their hands into a project like that would mean it would fail.

Cameron Kiefer

Bunker

BAJJERFAN

I could bump the price of 1894 Morgans if I had a couple I was looking to sell.

Steve

I have tried to convince DH to create a revised price guide for PCGS slabbed coins using a range price for every coin and grade. The range would represent a "low" price which is what a seller could currently expect to get for his coin in the marketplace, and a "high" price which is what a buyer could expect to pay from a dealer in the marketplace. Of course the inbetween would represent the natural differences out there. Heritage currently has such a system but maybe this one could be better (ie) more accurate. David didn't seem to agree with my idea so I guess we will see more of the same price guide in which some people complain the prices are too high and some people complain the prices are too low. Steve

clw54

Just check eBay to see what they really go for.

JrGMan2004

Big problem with price guides is just that... they are guides, not rules...

It's like one quote from DS9 about the "Rules of Acquistions"

"They aren't exactly rules, more like guidelines. But who would follow the 'Guidelines of Acquistions'" -The First Grand Negus... ok not the exact quote, I can't remember it and I can't find the exact quote... but basically... it's a guideline to prices, not a set in stone this is the exact price that a dealer will pay and what a dealer will sell a coin for... some people don't seem to get that...

nederveit

How do you check historical sales information on e-bay?

nwcs

It would be easy if you have access to the data. It would be a simple OLAP cube probably. The problem is obtaining enough reliable data over time.

UncleWiggly

The best "current" price guide I use is Collectors Corner on the CCE. At least it gives you an idea of the dealer to collector price if the coin you are pricing is listed for sale. And there's allot of coins listed. But I do like the idea for a better price guide with input from forum members. I don't know if a honor system would work.


Jerry

poorguy

First, narrow down the list of sources providing information from anybody to just a select set of reputable dealers with some sort of legal ramifications if they would provide ficticious data. It would have to come from actual transactions with all the paperwork necessary. Then provide a user-friendly interface for users to access the data and a database system to store and manipulate the data. It's not that hard of a concept. It's just that "human" factor that throws it off.

roadrunner

Big problem with price guides is just that... they are guides, not rules...

Somewhat true, but in way too many instances, the price "guides" are not even in the ballpark. If our definition of "guide" is to be within 100% of the coin's value, then I agree that the guides are certainly accurate.

A project like this would likely not succeed. But I do recall back in 1988 when a rogue publisher put out the KCDR (Knowledgeable Coin Dealer Report). It was the only guide at the time that had relatively accurate seated liberty prices by date and grade listed.
They tried a Herculean task to cover every series and didn't do too bad a job on it.


roadrunner