Question about VCP average

gumbyfan

<< <i>PSA 5 Average: $14.99

9/28/08 eBay Image justcollectcards iofferings 1 $14.99
4/8/08 eBay Image mykeskardz isellhomeszach 4 $26.00

PSA 6 Average: $64.77

7/3/07 eBay $64.77
5/16/07 eBay $184.72
10/20/06 eBay $179.50 >>



I snagged the above from a VCP help thread. I'm confused by what VCP calls an "average". Based on the above, doesn't something appear to be off?

Based on my simple math skills, I would calculate that the PSA 5 Average should be $20.50 and the PSA 6 Average should be $143.00.

What am I missing here?

KbKards

If there are no recent sales then the last price is the average price.

FavreFan1971

<< <i>If there are no recent sales then the last price is the average price. >>



What KB said.

gameusedhoop

To further explain:

Avg is the average of all sales in the last year. If no sales in that time frame the default is the last sale no matter how old.

gumbyfan

Got it.

Why wouldn't they just average all sales?

In the example above, it may inaccurately deflate the perceived value of a card.

gameusedhoop

Financial times are different and pops may be quite different? Just a guess though? I imagine that is why they have the entire track available too. For a card like a 89 UD Griffey, that is heavily sold the avg should be fine. For a low pop that is seldom seen the advanced info is greatly appreciated.

LodiBrewFan

Only recent sales should be used when attaining a value. What this card sold for 5 years ago is more than likely about three times what it is worth today.

thunderdan

<< <i>

<< <i>PSA 5 Average: $14.99

9/28/08 eBay Image justcollectcards iofferings 1 $14.99
4/8/08 eBay Image mykeskardz isellhomeszach 4 $26.00

PSA 6 Average: $64.77

7/3/07 eBay $64.77
5/16/07 eBay $184.72
10/20/06 eBay $179.50 >>



I snagged the above from a VCP help thread. I'm confused by what VCP calls an "average". Based on the above, doesn't something appear to be off?

Based on my simple math skills, I would calculate that the PSA 5 Average should be $20.50 and the PSA 6 Average should be $143.00.

What am I missing here? >>



Craig, this is why it's important to also look at trend, meaning all past available data--not just the VCP average. If the card's pop is being blown out of the water by the likes of 4SC, for example, the average might be too low as the card may have lower to go with every new addition to the population in a particular grade.