Crazy valuations.

I've come across a few listing that have certain values listed based on condition, and suddenly when i look again it has changed to have the same value from vg to unc. Anyone know how this happens?N#6314.   (looking at 1949) 

Probably because of this recent change in how Numista values are calculated. Higher grade coins should not be valued below lower grade coins.

https://en.numista.com/forum/topic88248.html 

If you ae in the U.S., and you want to know the current market value of a common coin, do an eBay sold items search.

eBay is the largest market for sales of common coins, so their sales records are always going to be the most up-to-date.

I get that, thank you. I'm just saying that it's crazy that one day it looks like, vg-2.60,f-2.80, vf-2.80, xf-10.50, and the next it's 2.60 across the board. It's hard for me to get how that's possible. I've seen this sort of thing on several items..it's to the point that i ignore the values listed on here witch is unfortunate..thank you everyone for your input.😁

Let's look at your example:

On 27-Sept-2021 the valuation looked like this:

Notice there are no values for AU and UNC.  Since that time additional coins have been entered into members' collections under UNC providing enough data to calculate a value of $2.60 for coins graded UNC.  Since the decision was made to not allow lower graded coins to have higher values than higher graded coins (as in the post I pointed out earlier) all grades below UNC then defaulted to the UNC value so today they look like this:

Similarly the 1944 values were changed (F no longer higher than VF) and the 1946 values were changed (addition of AU value).

So what you're seeing is completely logical. 

• even when quality F is traded more often than quality XF (1944-1)
• there was an interesting purchase in AU and UNC for 1945

Thanks rsirian1, that at least makes sense of it.

rsirian1

Notice there are no values for AU and UNC.  Since that time additional coins have been entered into members' collections under UNC providing enough data to calculate a value of $2.60 for coins graded UNC.  Since the decision was made to not allow lower graded coins to have higher values than higher graded coins (as in the post I pointed out earlier) all grades below UNC then defaulted to the UNC value…

Shouldn't the 1949 F still be $2.11, though?

Maybe but not if in the past 1.5 years there were additional F coins added at higher values that drove its Numista value to 2.60 or above.  Same with the VG value.  Or…maybe something entirely different is going on here and I'm completely wrong.

Hello,

There was an error with the price computation. It's fixed.

Xavier

Hello,

There was an error with the price computation. It's fixed.

This error was found quite by chance.  Doesn't that mean there may be many other errors out there that haven't been discovered yet?  How can we have confidence in the values for any coin?

That's an easy one, don't use them….. somebody wanted to swap with me based on numista values! Strange enough, I refused, since the values are not usable and do not really reflect the real world. I have started to enter the values of my new coins in Numista, but I'll never have any confidence in the values calculated by numista. 

Wow, I'm glad i brought this up. I noticed today that several listings have changed to make a lot more sense..Thank you to everyone involved for your help and participation. 😃

Hi.Taking advantage of the thread of price difference between Numista and Ebay;on Ebay each seller attributes unrealistic valúes to their pieces.I have been curious for years;I See on Ebay current worm and in poor condition,without any special condition for thousands of Euros,many.Does anyone know why this is?Money laundering perhaps?:)I recently saw a peseta from 1980(81)in such poor condition that I wouldn’t pick it up off the round.He asked € 3550 for it…🤔

Hi.Taking advantage of the thread of price difference between Numista and Ebay;on Ebay each seller attributes unrealistic valúes to their pieces.I have been curious for years;I See on Ebay current coins and in poor condition,without any special condition for thousands of Euros,many.Does anyone know why this is?Money laundering perhaps?:)I recently saw a peseta from 1980(81)in such poor condition that I wouldn’t pick it up off the ground.He asked € 3550 for it…🤔

Please don't get me wrong, but the prices at Ebay sound like money laundering to me!

Please don't get me wrong, but the prices at Ebay sound like money laundering to me!

Some prices are ridiculous (sky high) but they're usually like that for a reason. Advertising or as a means to draw attention (like clickbait, they're provocative).  I've often seen Power Sellers list 2 to 3 of the same item with the one item realistically priced & the other two listings 10-20% higher.  These sellers seem to be suggesting you're getting a good price if you just keep browsing their items (store). Most prices of collectibles are much higher on any online sales platform (like eBay) since all sellers must factor in a platforms listing fees.  There's always a cost to sell with a 3rd party platform. 

Having said that, I still have not been in a coin shop that matches the variety & typical low prices that can be found on eBay (especially for common stuff). Most sellers can give a collector a break compared to the brick & mortar shops.  At least that's been my experience.

All pricing tables must be taken with “a grain of salt.” They're usually considered “ballpark figures” at best (what one would expect to pay for a particular/original grade level). Numista's tables do seem quite low but that just means you (as the collector) accept/realize they're low (& the figures do not reflect what it would cost you to replace any particular coin/banknote). I believe I read a post here once that stated the low values are due to owners who enter FV (Face Value) for some tough notes b/c the collector found the coin/note. That's the way I look at it.