2014 Australian Coin Values Book Smackdown - Who Will Come Out On Top?

[purplepennyhunter]

A very interesting article from Sterling and Currency.

[stevo1962]

It certainly is an interesting article and I must admit that I dont look at the pricebooks
much any more and usually try to find previous sales as a reference point. I also have been
using Bluesheet pricing more which seems a bit closer to the mark as it uses actual sales
figures to determine the prices listed

[trout]

It certainly is an interesting article and I must admit that I dont look at the pricebooks
much any more and usually try to find previous sales as a reference point. I also have been
using Bluesheet pricing more which seems a bit closer to the mark as it uses actually sales
figures to determine the prices listed

I don't use either book as a price guide either, they are both WAY off the mark :ok:
Bluesheet is FAR more accurate and up to date.

[nealeffendi]

I purchased my first McDonalds in years (from The Purple Penny) last month and I spent all of 5 minutes before sticking it away in my archive. My only disappointing purchase from them.The prices are way off, either too high compared to the market for most NCLT and average grade Pre Decimals or way, way too low for the Gem stuff.
So when I see an interesting prospect I google Numisbid and see past auction results to get an idea of the real price.
Blue Sheet is also on my toolbar, I'm a cheapskate so have not yet upgraded to a subscription, but I'm sure that will be better money spent than the $30 for the McDonalds.

[Fulvio]

I spent all of 5 minutes before sticking it away in my archive.

To be honest, I haven't even opened mine yet. But then I didn't buy it for the prices anyway.

It just isn't possible to have a paper reference that has any meaning whatsoever in the real world. The value of anything is basically what someone is prepared to pay, and that fluctuates day by day, if not minute by minute. So the only price of any relevance is the last sale. And no one person, or even team of people, can record, let alone publish, the volume of data necessary.

[nealeffendi]

I spent all of 5 minutes before sticking it away in my archive.

To be honest, I haven't even opened mine yet. But then I didn't buy it for the prices anyway.

It just isn't possible to have a paper reference that has any meaning whatsoever in the real world. The value of anything is basically what someone is prepared to pay, and that fluctuates day by day, if not minute by minute. So the only price of any relevance is the last sale. And no one person, or even team of people, can record, let alone publish, the volume of data necessary.

Disagree, the price on the day and at the venue can fluctuate tremendously, but the value follows a trend line. That might be a modestly rising/falling trend line or it can move very fast (like a market crash such as hit banknotes these past few years).
The last sale price is only relevant if it is a key item setting a new price point, otherwise it is either just a bargain if there was no competition or an overpay when 2 bidders get in to a pointless bidding duel as the underbidder could pick up a similar item at the next sale at fair value.
I'm sure Walters team would dispute the assertion that no team can record the volume of data.

[Nightparrot]

It certainly is an interesting article and I must admit that I dont look at the pricebooks
much any more and usually try to find previous sales as a reference point. I also have been
using Bluesheet pricing more which seems a bit closer to the mark as it uses actual sales
figures to determine the prices listed

Agreed although I do find the reference books useful for the relative value of coins e.g what is a 1922 1d worth compared to a 1924 1d. Just gives you some idea of relative rarity and value even if the actual figures are not useful.

[robbiegal]

isn't the blue sheet only for pcgs coins which is a different market place to the natural coin market ( I won't use the word 'raw' as I think it's insulting to coin collectors)

[Fulvio]

I'm sure Walters team would dispute the assertion that no team can record the volume of data.

They do a great job... as far as it goes. If you define a narrow segment of a market, sure you can set things up to document it. For example, I knew a guy 30 years ago who produced fantastic hand-drawn charts comparing BHP with Rio-Tinto. But there was no way he could have done that for the entire sharemarket. And there is no way Walter's team can cover the entire numismatic market either.

And I would also maintain that slabs are not representative anyway. PCGS have made a killing grading what, 24 million coins? Most of which are American, of course. That's a drop in the ocean of even serious collections, let alone all the casual collectors on ebay.

[nealeffendi]

isn't the blue sheet only for pcgs coins which is a different market place to the natural coin market ( I won't use the word 'raw' as I think it's insulting to coin collectors)

So use the Green Sheet. It covers the adjective defined unslabbed coins.

[dreamcatcher]

That's a good article and those of us who are active buyers and sellers know it absolutely correct.

However I wanted to see some hard evidence. I would have appreciated if the author included some examples from various segments of the market, a list showing the differences between true market prices and what the books are indicating!

[runway]

What is Bluesheet and Greensheet ?

[nealeffendi]

What is Bluesheet and Greensheet ?

They are interesting price (and information guides) that Walter (wwww) owns. You can find them for free on the web and get the basic version or pay for the comprehensive versions to get more details.

[robbiegal]

isn't the blue sheet only for pcgs coins which is a different market place to the natural coin market ( I won't use the word 'raw' as I think it's insulting to coin collectors)

So use the Green Sheet. It covers the adjective defined unslabbed coins.

tried and got
green sheet -
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You need a silver membership or higher to access the Green Sheet. You can subscribe by clicking here.
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You need a gold membership or higher to access the Red Sheet. You can subscribe by clicking here.
blue sheet - Subscription Required

[nealeffendi]

Robbiegal, although it says subscription required (blue sheet) all you need to do is click the blue arrow at the top right hand corner and it will take you to a level of pricing for most grades.