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#1
06-28-2013, 12:38 AM
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Price guides are a joke.
The sellers who rely on them to establish the price points for their merchandise are the same people who have the exact same cards at the exact same prices showing in their display cases year after year after year, show after show after show...
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#2
06-29-2013, 06:58 AM
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Agreed, price guides can be/are ego inflators. They don't determine actual value. The market does that. Speaking of markets, my definition of the perfect market would be seller sells an item at price point they're happy with, buyer buys an item at price point they're happy with.
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#3
06-29-2013, 08:28 AM
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Price guides are exactly what the name suggests: guides. They are often not accurate but can still be useful to help one determine which cards are valuable within a set. You may not, for example, be able to accurately price T-206 by using a price guide. But you will recognize that Demmitt and O'Hara are key cards, that they are worth more than Elberfeld, which is worth more than G. Brown, etc. So they are not entirely worthless, but by themselves not sufficient to determine market value.
I would say use everything available to you- guides, ebay and auction sales, VCP, prices, retail lists, and anything else you can find. The try to interpret these numbers as best as you can. Somewhere among all that data are accurate values.
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#4
06-29-2013, 10:09 PM
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Guides have their place for comps, but limited in value
I only use VCP to see the distribution of past prices. If I really want a rare card I might pay much more. We need some way to quickly check the comps, even though for pre 1900 comps might be difficult given the poses, variations of many cards. PSA is not good at pricing pre 1900 and they basically just list past sales in addition to their rather static price lists.
For example, I have the only Old Judge PSA 7 Connie Mack. Somehow PSA decided to reduce the value a few years ago from 10k to 9k. Based on what I do not know. Their price for the anson in uniform is way below what it would sell for. Useless for most high grade pre 1900 cards. Guides that tell you what things sold for like VCP are very useful, especially when several have sold recently.
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