On 9 Jul, 08:51, noteworthy <bankn...@[EMAIL PROTECTED]
> 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?ViewItem&item=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 re****ting 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.
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