NLH
edwardjulio
Posts: 1,202 ✭✭✭✭✭
NLH
End Systemic Elitism - It Takes All of Us
ANA LM, LSCC, EAC, FUN
0
edwardjulio
Posts: 1,202 ✭✭✭✭✭
Comments
Perhaps they are using some combination of an algorithm and historical sale data. In some instances it may be reasonable to assign, say a 10 or 15% premium based on data from other coins in the series.
Nothing is as expensive as free money.
Example?
Also in the Registry inventory "CAC" appears next to my coins that have been stickered at CAC. I should have the option of wanting that to appear or not.
Great transactions with oih82w8, JasonGaming, Moose1913.
Price guide values are “guides”. It’s not especially unusual for market participants to come up with ballpark values for newly graded coins that are now Pop 1. Likewise, people come up with values for coins that haven’t traded publicly in many years, if ever.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
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End Systemic Elitism - It Takes All of Us
ANA LM, LSCC, EAC, FUN
To give an indication of what they feel such a coin should list for in their guides. Let’s say one of the coins with a zero population were to get graded - why would it be any easier or different to publish a price for it then, just because it had been graded? Answer - it wouldn’t be any easier or different. We’re dealing with “price guides”, not necessarily prices realized.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
How realistic are the cac retail guide prices? I can maybe see an exception "liner" coin going for retail guide prices, but those are outliers and not at all common..
I'm OK with them taking educated guesses on the 0 pop coins below what's been beaned. I would be more curious if they showed a price for a 0 pop if it was in a top pop slot. Currently, if none have been traded I'm seeing $0 which is good.
https://pcgs.com/setregistry/showcase/2819
Might be of considerable interest to someone who has a PCGS/NGC coin that he knows has never been submitted to CAC.
Coinlearner, Ahrensdad, Nolawyer, RG, coinlieutenant, Yorkshireman, lordmarcovan, Soldi, masscrew, JimTyler, Relaxn, jclovescoins, justindan, doubleeagle07
Now listen boy, I'm tryin' to teach you sumthin' . . . . that ain't no optical illusion, it only looks like an optical illusion.
My mind reader refuses to charge me. . . . . . .
Is there an independent third party that audits the price guide?
Great transactions with oih82w8, JasonGaming, Moose1913.
Price guides are based on market assessments by people involved in the business. Actual prices realized on similar items often are used in such assessments. As we all have seen though, often a specific coin may sell for moon money or conversely, much less than estimated. This is especially true in auctions. Eye appeal, individual collections and testosterone all play a part in final prices....
Cheers, RickO
Their prices from what I have seen based on the CAC bid in the sheet which is basis calc CPG, a fair price for collectors to pay. I find the CAC Market report excellent resource, highly recommend. I sat there with highlighter reading, studying their articles.
CPG for a coin based on CAC or non CAC bid in the sheet depending on coins CAC status. The CAC bid can be considerably greater for scarce, high grade coins. There are many on bourse trawling pick off this material which will CAC. In going thru a wholesalers material at recent show could hardly find a B coin so picked off or what?
Understanding algorithm relationships in the sheet and knowing bid gives one an edge Buying, bidding and pricing. Or one could just use their own system of bid plus their pct depending on whether coin A - PQ, B - solid quality, or C - average quality.
Yes, the market
If grading is nuanced and subjective, pricing involves an additional level of complexity. As has already been said, the actions of people are only sometimes rational.
Probably a more realistic price guide would be JA buy price since that is the main purpose of identifying such coins.
Not really.
Great transactions with oih82w8, JasonGaming, Moose1913.
JA buy price (CAC bid) is wholesale. Have some sell me at that?
For FMV refer you to CAC Market Report.
His so-called “wholesale” price is often higher than many other buyers would pay. I’m sure there a a great many coins you wouldn’t buy at his buy price.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Is there a price guide anywhere that is audited by a 3rd party?
"Independent" is really superfluous. Price guides are generally not published by the people buying or selling the coin.
What would we be auditing it for? Guessing how accurate the guesses are?
All comments reflect the opinion of the author, even when irrefutably accurate.
I'll just leave it as a question.
Great transactions with oih82w8, JasonGaming, Moose1913.
The answer to your question is no.
Market realized prices are the only data points that matter.
I would blow him outta the saddle with the prices he posts for Barber Halves!
Do you know that for a fact?
Great transactions with oih82w8, JasonGaming, Moose1913.
That’s just peachy, but doesn’t contradict what I posted. 😉
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Yes, I can't figure out who he sells those generic Morgan $s to at more than his bid price.
All comments reflect the opinion of the author, even when irrefutably accurate.
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End Systemic Elitism - It Takes All of Us
ANA LM, LSCC, EAC, FUN
Yes
It would be a pointless exercise for anyone to invest time in doing, due in part to the fact that price guides are a snapshot in time.
Your missing the point. This company offers stock. That's why I was wondering.
Great transactions with oih82w8, JasonGaming, Moose1913.
There's a phone number listed on their website. You could call them if you have a question.
Those are not necessarily his prices. Any exchange member can post prices. JA is not necessarily the high bid in any particular market segment. Those are, however, either the highest bids received from exchange members or estimates based on the greysheet price for non-CAC material.
All comments reflect the opinion of the author, even when irrefutably accurate.
Well, I will pay more for many dates/grades above what he posts are the retail values so to me that says it all!