what % of SMR is "real" price?
shu4040
Posts: 982 ✭✭✭
Since SMR seems too high for most items, what would say is a far discount %? I know there is the VCP, but i'm not a member.
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Get a VCP membership or do a past auction search on Ebay. Those are going to be your "right now" prices.
WTB: 2001 Leaf Rookies & Stars Longevity: Ryan Jensen #/25
An older but useful thread on this issue...
<< <i>Whatever someone is willing to pay. >>
Agreed. Market price is set by "people" and their ability+willingness to pay $$$, not a "book value" or a "website." However, these other pricing tools may be useful to start a conversation on value. Meatloaf
<< <i>Since SMR seems too high for most items, what would say is a far discount %? I know there is the VCP, but i'm not a member. >>
What sport/era?
SMR should be considered nothing more than a guide and I use the term "guide" very loosely. The following example should tell you all you need to know about the validity of data contained throughout SMR pricing.
I recently lucked out and had a certain vintage (highly collectible) card come back as a PSA 8.5. It just so happens that it is the ONLY PSA 8.5, and just to add some very nice frosting, there are no 9s or 10s. Needless to say, I am thrilled to own the card. NOW>>>BEFORE the card even existed, SMR had it's value as $275.00. Now I ask you, who at PSA made the decision that a non-existent card should have that exact value? Why not $500, or $1,000.00??? After all, I own the highest grade card on this planet, it's a 1 of 1, surely it's value is more than $275.
Point is SMR is just a hodge-podge of guess work, no more, no less. While VCP is not the end all, be all, it provides recent, real time data with which to make a more viable decision when trying to bid on or purchase cards of interest. VCP doesn't cover everything, and perhaps not each and every sale, but it is light-years ahead of SMR in terms of what the market will bear in terms of certain cards.
I expect my PSA 8.5 will sell for at least 5 times SMR...I'll know in the near future.
Bottom line is a card will sell for whatever a ready, willing able buyer will pay. ECON 101.
<< <i>my very short 2 cents on SMR...
SMR should be considered nothing more than a guide and I use the term "guide" very loosely. The following example should tell you all you need to know about the validity of data contained throughout SMR pricing.
I recently lucked out and had a certain vintage (highly collectible) card come back as a PSA 8.5. It just so happens that it is the ONLY PSA 8.5, and just to add some very nice frosting, there are no 9s or 10s. Needless to say, I am thrilled to own the card. NOW>>>BEFORE the card even existed, SMR had it's value as $275.00. Now I ask you, who at PSA made the decision that a non-existent card should have that exact value? Why not $500, or $1,000.00??? After all, I own the highest grade card on this planet, it's a 1 of 1, surely it's value is more than $275.
Point is SMR is just a hodge-podge of guess work, no more, no less. While VCP is not the end all, be all, it provides recent, real time data with which to make a more viable decision when trying to bid on or purchase cards of interest. VCP doesn't cover everything, and perhaps not each and every sale, but it is light-years ahead of SMR in terms of what the market will bear in terms of certain cards.
I expect my PSA 8.5 will sell for at least 5 times SMR...I'll know in the near future.
Bottom line is a card will sell for whatever a ready, willing able buyer will pay. ECON 101. >>
Well said!
Meatloaf
But if we could pay someone to watch every sale on this earth for every card" My quote So ill allow it.
VCP. They dont do it by the min but they are also a rough GUIDE. SMR, Beckett, VCP. They are all the same, just a guide. Judge the item for yourself and set limits.
then again, many low pop cards call sell for 10 to 15 x SMR....
on average 50-60% of smr is about right...
vcp is a great investment.....I'd recommend to everyone....
Ebay Store:
Probstein123
phone: 973 747 6304
email: rickprobstein1@gmail.com
Probstein123 is actively accepting CONSIGNMENTS !!
BIN $95.00 SMR $115.00 !!!!!!!!!! when the card only realistically sells for $70.00
I know in vintage FB SMR was so far off low that it was a disaster for anyone using it. A SMR might be $400.00 and the card might sell routinely for $2000.00. Sellers that offer to buy your card at 65% of SMR...could actually be offering you 15% or value.
VCP doesn't track off ebay & private deals and I believe doesn't track BIN. Maybe they do now. In any case at least it is an idication of what someone is willing to pay for a card.
In my eyes a nice high end card is worth over vcp. Most ebay BIN are 2x or over vcp.
All the factors mentioned by knowledgable people in above comments are right.
Research what you are selling or buying. When I sell (not often) I always price aroung vcp.
1948-76 Topps FB Sets
FB & BB HOF Player sets
1948-1993 NY Yankee Team Sets
Since I have VCP averages for PSA 7 on the 1955 Topps set as of two weeks ago handy, I did a quick little Excel study.
(all VCP PSA 7 average as of 10/17/2011)
1955 Topps – SMR higher than VCP average (PSA 7) : 183
1955 Topps – SMR lower than VCP average (PSA 7) : 23
Total VCP average for 1955 Topps set in PSA 7: $14,409
Total SMR average for 1955 Topps set in PSA 7: $16,620
So total SMR is higher than total VCP average by 15%. But that’s not the whole story. This kind of totaling weighs the pricier cards much more heavily than the commons. SMR seems to be a lot closer to VCP on stars and cards > $100, probably because they are the only values that actually get updated. These higher value cards are typically within 5-10% of VCP.
Looking at commons only, and excluding cards 1-30 and 176-210 (total of 132 cards of the 206 total), the VCP average for PSA 7 is $3,568, or $27 per card. SMR total is $5,555, or $42 per card. This is where SMR deviates from VCP most noticeably, at least for 55’s. And this is why 2/3 of SMR is a pretty good guestimate of the selling price for a 1955 Topps common, in this range. I excluded the low and high numbered cards, because there are some wide deviations on those, especially commons in the #200 to #208 range.
Some other interesting items:
* Most overvalued 1955 Topps by SMR: #170 Jim Pearce ($60 listed, $23 VCP average)
* Most undervalued 1955 Topps by SMR: #207 Billy Consolo ($60 listed, $141 VCP average)
* #’s 4 (Kaline), 8, 58, 81, and 155 (Ed Mathews) appear to be pretty dead on.
OK, rambling end. And my thanks again to MCMLVTopps for encouraging me to pony up the cash and join VCP earlier this year, bringing me out of the darkness
Chad
working on 1956 Topps in PSA 6-7
It appears you are enjoying VCP and getting more valid data with which to make buying/bidding decisions...at least it shows market values and trends. My thing with SMR is that simply put, nobody on this planet can, on a month to month, or issue to issue basis provide solid data when PSA has well over 67k Registered sets. I would not, and never have based any bid, BIN, or off eBay purchase with SMR data, it is just not the real deal.
I was blown away when I saw that PSA 8.5 card I have already with a "value", before it even existed.
GL in your collecting efforts. My second 55 Topps set is a straight PSA 7 set (oops, one PSA 7.5), and I'm now just 5 cards short of completion. The cards I need are easy to come by, I just haven't been able to pull the trigger on prices yet. I recently got the Clemente, so the tough one is out of the way.
Al
<< <i>Chad,
It appears you are enjoying VCP and getting more valid data with which to make buying/bidding decisions...at least it shows market values and trends. My thing with SMR is that simply put, nobody on this planet can, on a month to month, or issue to issue basis provide solid data when PSA has well over 67k Registered sets. I would not, and never have based any bid, BIN, or off eBay purchase with SMR data, it is just not the real deal.
I was blown away when I saw that PSA 8.5 card I have already with a "value", before it even existed...I will PM you with more info.
GL in your collecting efforts. My second 55 Topps set is a straight PSA 7 set (oops, one PSA 7.5), and I'm now just 5 cards short of completion. The cards I need are easy to come by, I just haven't been able to pull the trigger on prices yet. I recently got the Clemente, so the tough one is out of the way.
Al >>
SMR is a self-serving publication, first and foremost. They are pricing items that are 'created' by the same company publishing the price guide. Of course they are going to post high values! If they had SGC values listed, they would probably be half the equivalent PSA value, in order to further promote their product. I have no problem with them doing this, its their product and they should promote it. I am only surprised that they dont adjust those high # common prices up to their latest values, why undervalue any cards at all? OK, deja vu, I recall that you mentioned emailing Joe Oralndo about this exact topic earlier in the year, didn't you?
VCP saved me a lot of $$, just as you suggested. It also put the brakes on my buying, found I lost a lot more auctions
Congrats on the all 7's set, I'll probably never get there b/c I like some of my 6's just as much. Oh, and the money thing
Take care,
Chad
working on 1956 Topps in PSA 6-7
<< <i>Smr is complete waste of time... They should just eliminate it an lower the cost for a membership or buy Vcp and could raise the membership fee a bit. Atleast we would be getting something useful that we could actually use. >>
The SMR doesn't cost PSA anything, it generates crazy ad revenue, if they took it away I bet memberships would increase... I would love to see VCP rolled into a membership somehow.