DO YOU THINK THE NEW PRICING IN THE BOOK IS MORE REALISTIC IN THE MARKETPLACE

[Greg McDonald]

I get plenty of collectors wanting to sell their collections based on their buying price 5 years ago, based on their maccas 3 years ago, based on what bob at the pub said, based on what 'someone' the whoever that is said, based on the fact they made  the effort to travel from upper bum crack. All this does not change what the market is at but a lot think so lol.

Totally agree Shane.  Many years ago I was living in Sydney and got a call from a farmer in Inverell who had found an Arnotts tin biscuit tin half full of florins. I asked him to send me one of the worst and best coins from the 200 plus coins and a list of the dates.  Nothing later than 1923 and the two coin he send me were a VF 1915 London Mint and a 1911 florin in about the same grade.  Thinking this might be the Mother Lode I went to the bank and got an overdraft of $50,000 so that I could pay up front if we came to an agreement. It was a two day drive and a two day drive bank. We got to the property about 2pm. I sent about two hours looking through the collection only to realise that the two coins he has sent me were the only decent coins in the group.  During that time Jenny and I were not even offered a glass of water. 90% of what I looked through were so worn you couldn't even recognise the date of most of the coins.  When I explained most of these coins were flat discs and not coins, the best I could do was pay bullion value.  When he got the price he was quite insulted. When I asked what was the problem he replied "My bank manager said they'd be worth a lot more."
Did the bank manager offer a price to buy?  No!

[trout]

I have NO problem with the pricing of "Raw" coins in the book.
However I DO have a problem with dealers over grading coins and NOT mentioning them being cleaned, tooled etc.  
These are probably the same people Winging about the listed prices in the book.:angel:

[runway]

I get plenty of collectors wanting to sell their collections based on their buying price 5 years ago, based on their maccas 3 years ago, based on what bob at the pub said, based on what 'someone' the whoever that is said, based on the fact they made  the effort to travel from upper bum crack. All this does not change what the market is at but a lot think so lol.

I HEAR YOU :wavemulticolor:


Totally agree Shane.  Many years ago I was living in Sydney and got a call from a farmer in Inverell who had found an Arnotts tin biscuit tin half full of florins. I asked him to send me one of the worst and best coins from the 200 plus coins and a list of the dates.  Nothing later than 1923 and the two coin he send me were a VF 1915 London Mint and a 1911 florin in about the same grade.  Thinking this might be the Mother Lode I went to the bank and got an overdraft of $50,000 so that I could pay up front if we came to an agreement. It was a two day drive and a two day drive bank. We got to the property about 2pm. I sent about two hours looking through the collection only to realise that the two coins he has sent me were the only decent coins in the group.  During that time Jenny and I were not even offered a glass of water. 90% of what I looked through were so worn you couldn't even recognise the date of most of the coins.  When I explained most of these coins were flat discs and not coins, the best I could do was pay bullion value.  When he got the price he was quite insulted. When I asked what was the problem he replied "My bank manager said they'd be worth a lot more."
Did the bank manager offer a price to buy?  No!

GREAT analogy Greg:yahoo:

[PNC king]

https://www.sterlingcurrency.com.au/articles/my-review-2015-pocket-guide-australian-coins-and-banknotes?inf_contact_key=78930fed44a0103bb3b52aa9622b54a2044cc37b9465a1a836cbd1d6a647af81  a nice review from andrew

[nealeffendi]

but what I don't quite get is that I can go to maccas for raw coin prices (with all of the backdrop of the whinging) with a set reliability each year

then the slabbers buy  for way under the raw price in maccas - the so called 'inflated'

 then the same slabbing guys sell the same coin for say, 20 times maccas's valuation and nobody so much as sneezes

it is an unreal world once you cross the boarder to the slabbing game

and the real life contradiction is that once it is in an American slabb
people accept the incredibly inflated prices - without all the sooking and whinging - especially if they are selling

frankly I am sick of it all

If a coin sells for 20 times its macca's valuation then perhaps it is worth 20 times. The problem with any catalogue (not Greg's fault) is that it can only quote a few grades and even if they quote Unc, ChUnc and Gem there are probably a number of grades missed (aGem, Gem+ etc). With slabs a coin might be X$ at MS64+ (aGem), and 2X$ at MS65 but jump to 20X$ at MS66.

[robbiegal]

yeah
all true
it just bows my mind sometimes
because it should skew the over all price guides

[serial]

But then Neal what happens to that coins value when I get one graded ms67?

[PNC king]

but what I don't quite get is that I can go to maccas for raw coin prices (with all of the backdrop of the whinging) with a set reliability each year

then the slabbers buy  for way under the raw price in maccas - the so called 'inflated'

 then the same slabbing guys sell the same coin for say, 20 times maccas's valuation and nobody so much as sneezes

it is an unreal world once you cross the boarder to the slabbing game

and the real life contradiction is that once it is in an American slabb
people accept the incredibly inflated prices - without all the sooking and whinging - especially if they are selling

frankly I am sick of it all

If a coin sells for 20 times its macca's valuation then perhaps it is worth 20 times. The problem with any catalogue (not Greg's fault) is that it can only quote a few grades and even if they quote Unc, ChUnc and Gem there are probably a number of grades missed (aGem, Gem+ etc). With slabs a coin might be X$ at MS64+ (aGem), and 2X$ at MS65 but jump to 20X$ at MS66.

hence an online guide is the future

[trout]

Maccas book doesn't  price slabbed coins or grade rarities ,it never has.
Raw coins can be a gamble and that is why they are cheaper than the TPG coins.
The prices of raw coins has dropped and i think that the acceptance of the TPG coins has a bit to do with it as well as all the other  factors.

[markn]

If members have issue with Mr McDonald's book then I suggest they take it up with him directly with him rather than stirring the pot on this forum.  If the new member in question chooses to start his time on this forum in such a manner and continue with it then his time here is likely to be very short indeed regardless of who he/she happens to be in the numismatic industry.

[trout]

Has anyone got the new issue of Rennics yet and if so do the price estimates match the ones in the latest Maccas book??

[runway]

There is no new Rennicks guide since December 2013 49th Edition
Price estimate comparisons  are irrelevant anyway as discussed above

[runway]

New 26th Edition of Renniks available Oct/Nov 2015

[trout]

It will be interesting to see how Michael sees the Market and the pricings in the new edition :ok:

[kchan1111]

FWIW... One dealer is not stocking the new edition because they believe there are too many errors in it.

I don't know what those "errors" they are talking about... but if it's the updated prices they don't like then it is bit silly to just refusing to sell it.

:scratch_one-s_head: