Settle an argument: What do vintage collectors use to price cards at shows?

I hate polls, so I'm just gonna ask the question and you all can answer. Say you're set up at a card show selling vintage. What are most of your customers using as a guide to determine what they are willing to pay for a card?
1) SMR
2) Beckett
3) They know the prices by heart
4) Something else really cool that I don't even know about
Edit- We are talking about raw cards here.
1) SMR
2) Beckett
3) They know the prices by heart
4) Something else really cool that I don't even know about
Edit- We are talking about raw cards here.
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1957 Topps BB Ex+-NM
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In fact alot of dealers make money on these guys because they can take say a T206 Johnson PSA 1-2 with a good front and back damage, pop it and use Becketts price of lets say 1200 to start negotiations. Since these guys don't grade and it looks good on the front they might give 400 or 500 for it when it might only bring 200 to 250 on the bay.
More advanced collectors use a combination of what Ebay brings and SMR for whatever condition they think it might grade to base buying decisions on mostly hoping to get the card at a price 1 full grade below what they expect it too grade.
This is my philosphy in buying raw, I will pay up to one grade below what I think it might grade. Grading is a crap shoot so I am hoping to be right 50% of the time and it will work out.
At most shows I go to today and set up most of the action is on 25 and 50 cent boxes where people are trying to find cards to flip for 1 to 3 bucks on Ebay or trying to fill in sets.
I had a box like that and another box with pricing on the cards and it seemed 1 out 2 people would bring me a bunch of 50s and 60s EX condition HOFers and think they were 50 cents apiece (2 bucks for a EXMT condition 66 Stargell, your crazy!).
Also, don't try and sell NM or better commons at small shows, you will make alot of people mad. I was selling 69 BB and 71 FB, as I had alot of NM or better duplicate commons from my sets, and had at least 2 guys throw down their cards and tell me I was a moron for trying to get 2 to 4 bucks a card on them.
<< <i>I think Morgoth is pretty much right on. I rarely find good vintage at shows, most everything is VG range and they want waaaay too much for them. There is the occasional EX-MT card that someone thinks will grade a 9 haha. >>
that is true. I do find stuff already graded that people have no clue on though.
Past Knowledge is the most accurate. Everything else is a "guide"
I can go back 25 years and know the scarcity, demand, and value of most every type of card (especially the rarer "type cards"), you cant get that info from some book, at least not one Ive seen.
If your a newbie, then Auction Catalogs is the #1 way to learn.
<< <i>If your talking Vintage 1868-1941.... >>
Yeah I always have trouble determining the value of all the 1868 cards I find at shows.
Shane
But, I'm willing to guess most are still using Beckett or the Standard Catalog.
I don't have the patience to wade thru bins looking for a diamond up a goat's ass - but for those who do? Sometimes ya get real lucky - but the time it takes, way outweighs the benefit for the most part for me.
I think people pretty much people hit the nail on the head: it's not the guide they use but rather the OVERGRADING they're doing with respect to the reference tome of their choice which is the most disconcerting.
mike
Steve
I found maybe 1 in 10 guys use a standard catalog for pricing but it is so big I don't see many guys carrying it around as much as dealers do.
PSA has really hurt the junk vintage dealers as people can really see the difference between old NM and a PSA 7 card.
Post-war vintage...Beckett by far
Pre-war vintage...Nothing stands out more than another (Bekcett, annual SCD, SMR, prices memorized, etc.)
HP 12C?! You must be truly old school. Back in my day, we were using the HP 48 Series. If you didn't have one, you were left out in the cold. These ran about $200.00 to $300.00. The joke among my friends was that the 48 Series had so much memory, you could store an entire essay in there. Students, when permitted, were bringing them into the English finals.
/s/ JackWESQ