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#11
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How important is it to have 3 values in catalog?
On 5 Jul, 18:40, "Owen W. Linzmayer" wrote:
I've been looking at the new SCWPM Modern Issues 14th edition and it occurred to me that maybe it's unnecessary to include values for VG, VF, and UNC when in my experience all most collectors want are perfect UNC notes. It depends what you mean by modern notes. For notes 1961-1980 plenty are scarce and expensive (relatively speaking) in UNC, and some people will be happy to pay $15 for a VF rather than $80 for an UNC to save money. |
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#12
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How important is it to have 3 values in catalog?
For example Czechoslovakia P-17 is very very rare in high grade, it is not
even priced for Uncirculated. *It is the 100 Korun from 1920 with Slavia from an Alfons Mucha work, it is a very very popular note with Czech collectors, because of the design of the note, it was printed by ABNco, and was replaced in 1931, so that pristine examples are very hard to come by, but it is priced low in XF in the catalogue. * 17 100 kor 1920 .serie"H"VG 110.00, serie"Z" VF 450.00 17 100 kor 1920 serie"Ah" . . . . . repaired "VF" 320.00 17 100 kor 1920 serie"Aa-Az". . . .VG 80.00, VF 360.00 http://www.atsnotes.com/world/w-af.html Just at one dealer. I didn't check the catalogue price. I do agree that rare notes sell for much higher than the catalogue usually indicates. This is because the catalogue price is based on historical sales data rather than current market value. Go figure. *Slavia is even mis-described as a Pagan Priestess, which is farcical given that Slavia is a known and published Mucha work. *In a couple of years of looking, I have not been able to find a nicer than repaired VF for this note. Other notes from Czechoslovakia, for example P-20, the 10 Korun of 1927 are priced much lower than actual market value. *Generally when these are available, and NOT specimen cancels, the best examples come out of the Czech Republic. 20 10 kor 1927 /girls by Mucha . .VF 15.00, XF- 35.00 The Czechoslovakian notes are some of the best printed, and loveliest designed notes that ever circulated in Central Europe, many in fact were designed by Alfons Mucha, one of my favourite graphic artists. |
#13
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How important is it to have 3 values in catalog?
"noteworthy" wrote in message
17 100 kor 1920 .serie"H"VG 110.00, serie"Z" VF 450.00 17 100 kor 1920 serie"Ah" . . . . . repaired "VF" 320.00 17 100 kor 1920 serie"Aa-Az". . . .VG 80.00, VF 360.00 http://www.atsnotes.com/world/w-af.html Just at one dealer. I didn't check the catalogue price. I do agree that rare notes sell for much higher than the catalogue usually indicates. This is because the catalogue price is based on historical sales data rather than current market value. Nothing new to me, I have looked at their catalogues for years, I have bought a reasonable amount of stuff from them also, usually nicer Unc notes. But in all fairness, these particular 100 Kcs notes have been listed in their pricelist for at least 3+ years, so they are not moving in those grades, or prices. For me, the note is a beautiful note in XF+, but not circulated like those. But for Czech notes, many of mine have come from the Czech Republic directly, through dealers there. |
#15
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How important is it to have 3 values in catalog?
On 9 Jul, 08:51, noteworthy wrote:
http://www.atsnotes.com/world/w-af.html Just at one dealer. I didn't check the catalogue price. I do agree that rare notes sell for much higher than the catalogue usually indicates. This is because the catalogue price is based on historical sales data rather than current market value. Some of the dealers that maintain big websites charge a big premium, often the price is double the true market price because it's much more profitable to wait for somebody to pay a way-high price while listing them at a near-zero cost, than to maintain a website that has very high turnover. I consider the market price for notes up to about $1000 to be what they fetch on bay after a 7-day auction. Sure, that varies, the trusted dealers (I notice 'vista banknotes' and 'staples numismatics') sometimes command a premium, but you can establish a real price fairly easily from obvserving a few samples. E.g., http://cgi.ebay.com/ws/eBayISAPI.dll...m=230264157952 $10.50 AU from a very discerning seller who is selling an entire collection of notes in collectible grades ATS Notes want $25 for AU or $40 UNC. I think note.Same for their other prices. Only one or two are competitive, essentially because the prices have risen in the marketplace to reach their catalogue++ prices. There's nothing wrong with ATS Notes of course, they offer a nice service to web buyers to choose from a big stock from one website, I just think anybody can write '$100' against a $10 note on a website. The correct way to find the price of notes is with this http://pages.ebay.com/marketplace_research/ It wouldn't be too hard to store a price history for notes. It's not necessary to generate the whole price catalog by computer, you simply have to do some basic matching to download text, images, and selling prices for things that look like they match each Pick number. Then when it comes time to update the catalogue you have the researcher look at the archived auction data. I have done this myself for certain notes, you might find a note selling at $185 UNC, then $100 XF, then $90 VF, then $50 VF and you obviously need to exercise some judgement about the actual valuations when selling prices have varied a bit, and also look carefully at the actual notes. But I have no doubt by this method you can get a very nice and accurate price database for nearly everything. It's not necessary to update everything, it's easy to perform exception reporting on high value notes or where a raw average ebay price (unchecked by a human for accuracy, overgrading, etc.) differs greatly from the published price. I'd be surprised of course if Krause even store their notes in any kind of database to facilitate this kind of thing. Maybe they do, but numismaster.com doesn't entirely convince me as a technological endeavour. |
#16
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How important is it to have 3 values in catalog?
"Matthew Brealey" wrote in message Some of the dealers that maintain big websites charge a big premium, often the price is double the true market price because it's much more profitable to wait for somebody to pay a way-high price while listing them at a near-zero cost, than to maintain a website that has very high turnover. There's nothing wrong with ATS Notes of course, they offer a nice service to web buyers to choose from a big stock from one website, I just think anybody can write '$100' against a $10 note on a website. One thing that has to be understood with online and even offline dealers, they are like supermarkets in a way. They price where they think the market will bear, and offset for correction the items they do not specialise in or want to move out of inventory correctly. ATS has been in business a long time, they are both of Polish descent. So it is no secret from looking at their site that they specialise in Polish and Central European notes, and can price them firmly as that is where they have a strong customer base for people looking for accurately graded notes, and scarce materiel. Conversely they have other materiel in their listings, Latin American, even some Canadian that they want to move more quickly, and their prices are less than usual for Canadian note dealers. I have bought several Pacific rim nations notes, and Canadian notes from them because their prices are great for those items. But I have also bought European notes from them, while their prices are a bit more than usual because I know I will be happy with the note they send, they do not play around and call something with a corner ripple unc or aunc, it goes to EF. I have dealt with Pam West of Britishnotes.co.uk for quite sometime, her prices are fairly firm, but... she sells high end materiel, and even stated in the past that she is "Not a cheap woman"! For nice UK stuff, she excels. She is quite fascinating in her business approach as she even links on her site the sites of her main competitors, so you can shop around. Very confident and classy. |
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