VCP - gospel or guide?
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How often and under what circumstances will you pay more higher than VCP prices? How much higher?
I'm building a 1968 and a 1970 Topps set. I have lots of 1970s and 1960s to offer in trade.
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Comments
Most ebay sellers are listing prices at much higher BIN than vcp.
as much as 4X
I look at the trend vs actual number. are they going higher now than before?
I am willing to pay over vcp for a nice card. Never 2-3 x though. Unless item is so scarce a real pricing index could never have been
truely justified to begin with.
For me on a nice card I am willing to routinely pay 25% over
1948-76 Topps FB Sets
FB & BB HOF Player sets
1948-1993 NY Yankee Team Sets
People will pay what they want for a card regardless and that has become more prevalent since the Beckett bible thumping times of years gone by. I think it's useful to get an idea of values when building a set (when that set is somewhat new to the collector) or tracking higher end single card sales. I could care less what it says for 99% of items I'm looking for.
Using just the price grid without delving into the specific grade category and result in you making bad decisions about where to value a card.
"Molon Labe"
Since I only want clean, centered cards, I usually have to pay more than VCP.
-CDs Nuts, 1/20/14
*1956 Topps baseball- 97.4% complete, 7.24 GPA
*Clemente basic set: 85.0% complete, 7.89 GPA
<< <i>VCP is the best real time guide available PERIOD. However you must realize that sales prices on VCP include ebay and shipping fees. Also the seller will have to incur paypal fees....So the final price on VCP could include up to 10-16% in fees. Thus when people try to sell at or above VCP prices thru one on one transactions they are receiving a true premium for their cards. >>
Are you sure about the sales price includes shipping fees? I do not think it does-unless the item has free shipping.
<< <i>Are you sure about the sales price includes shipping fees? I do not think it does-unless the item has free shipping. >>
This is also what I think.
-CDs Nuts, 1/20/14
*1956 Topps baseball- 97.4% complete, 7.24 GPA
*Clemente basic set: 85.0% complete, 7.89 GPA
<< <i>
<< <i>VCP is the best real time guide available PERIOD. However you must realize that sales prices on VCP include ebay and shipping fees. Also the seller will have to incur paypal fees....So the final price on VCP could include up to 10-16% in fees. Thus when people try to sell at or above VCP prices thru one on one transactions they are receiving a true premium for their cards. >>
Are you sure about the sales price includes shipping fees? I do not think it does-unless the item has free shipping. >>
Sales prices in VCP do not factor in shipping costs. What I meant by my comment is if VCP is $10 for a card and I'm bidding on an auction with free shipping, I'll probably go $11 or $12 since the shipping is free. I figure most of the sales records in VCP also had a $2-$3 shipping fee tacked onto those auctions which aren't reflected in their pricing.
However on items I am buying for possible resale I find ebay's completed listings helpful, I do not use VCP as they charge for their information and I don't feel a need to pay for their opinion. If I was a full time dealer, I would pay for it though.
Joe
<< <i>...I do not use VCP as they charge for their information and I don't feel a need to pay for their opinion. >>
VCP is a database. They don't provide opinions.
TheClockworkAngelCollection
<< <i>
<< <i>...I do not use VCP as they charge for their information and I don't feel a need to pay for their opinion. >>
VCP is a database. They don't provide opinions. >>
Fxcuse me; I don't feel a need to pay for their INFORMATION.
I know how important it is to get things EXACTLY right.
Joe
it is both.
<< <i>I don't know how you can't call it gospel >>
For starters, for many years VCP didn't track any sales from ebay stores. We are talking about tens of thousands of retail sales that never made it to the database.
There are also glitches with ebay that result in inaccurate data on VCP.
For example, with fixed price listings with best offer, sometimes the completed listing will show the original price and not the actual negotiated sales price.
Another problem is with fixed price listings where there is a sale through markdown manager. If a seller puts a $100 card on sale at 40% off for 5 days, and somebody buys it for $60, the ended listing will show that it sold for $60 only until 5 days after the sale was started. After that, the listing will show that it sold for $100. It will likely be recorded as a $100 sale on VCP.
I can't fault VCP for ebay glitches but the bottom line is that you don't know if the information is accurate with fixed price listings. And over 90% of the listings on ebay are in the fixed price format.
Now, I don't do this as often as I did when I was younger, but I will also check to see if the VCP average value has gone up or down. I am currently minus about 3% due to the fact that I try to buy just very well centered cards.
I too, as many of you have done but won't admit, will go into each high & low listing to see why it is adnormal. In the past I have found qulifiers and poorly centered cards for the lower prices and well centered for the higher ones. Once I found the item listed was not even the same card, so of course, that would affect the average price.
So in my humble opinion, it is a very good guide!
<< <i>
<< <i>I don't know how you can't call it gospel >>
For starters, for many years VCP didn't track any sales from ebay stores. We are talking about tens of thousands of retail sales that never made it to the database.
There are also glitches with ebay that result in inaccurate data on VCP.
For example, with fixed price listings with best offer, sometimes the completed listing will show the original price and not the actual negotiated sales price.
Another problem is with fixed price listings where there is a sale through markdown manager. If a seller puts a $100 card on sale at 40% off for 5 days, and somebody buys it for $60, the ended listing will show that it sold for $60 only until 5 days after the sale was started. After that, the listing will show that it sold for $100. It will likely be recorded as a $100 sale on VCP.
I can't fault VCP for ebay glitches but the bottom line is that you don't know if the information is accurate with fixed price listings. And over 90% of the listings on ebay are in the fixed price format. >>
You are incorrect we do pick up the store sales or BIN's and yes the items that are on sale or marked down we get the price it sold for not the original listed
price. We do not capture every sale but do try our best to get as many as we can. We may not be perfect but do believe the data we provide gives you enough
data points to determine the value of the card.
<< <i>You are incorrect we do pick up the store sales >>
I'm not incorrect. You get them now but as I said you didn't get the ebay store sales for many years. This was when the ebay stores listings were in a different area, not mixed in with auctions.
<< <i>and yes the items that are on sale or marked down we get the price it sold for not the original listed price >>
That's often not possible. All you can grab is the price shown on the listing which is often not the actual price it sold for.
Anybody searching through completed listings on ebay will run into the same problem. It has nothing to do with VCP but rather a glitch in the ebay software.
Full thread: http://forums.collectors.com/messageview.cfm?catid=11&threadid=668821
<< <i>That is over 4 years ago and things are different now. >>
And yet the problems still remain.