Re: [WTS?] - ANACS MS 67 Silver Casascius Tenth with Exception
Interesting side conversation, thanks!
Nubbins' formula is correct from a collector's point of view, no doubt.
I guess what I am saying is that in my opinion it is the sale price, which is what the market will pay, which determines the relative numismatic value and seller's premium. The face value is fixed.
I also could be all wrong and have no idea what I am doing.
Personally, I have a shiny premium, which is why I prefer the silvers...
Cheers!
Nubbins' formula is correct from a collector's point of view, no doubt.
I guess what I am saying is that in my opinion it is the sale price, which is what the market will pay, which determines the relative numismatic value and seller's premium. The face value is fixed.
I also could be all wrong and have no idea what I am doing.
Personally, I have a shiny premium, which is why I prefer the silvers...
Cheers!
You don't price the coins you buy/sell in terms of their premium, but rather their absolute value?
Below is how at least one person thinks that coins should be priced:
Below is how at least one person thinks that coins should be priced:
This is as good a time as any to remind people how numismatics are priced.
SALE PRICE = (FACE VALUE) + (NUMISMATIC VALUE) + (SELLER'S PREMIUM)
Notice the lack of multiplication symbols; statements such as "2x face" or "10x face" have no meaning and no place in numismatics.
The FACE VALUE for a Casascius coin would be the value of the BTC stored within, plus the spot value of any precious metals.
The NUMISMATIC VALUE is an absolute value based solely on the desirability of the coin. This generally correlates with mintage, age, and condition, but other factors can be at play here as well.
The SELLER'S PREMIUM varies from seller to seller, based on a number of factors including the seller's trustworthiness, care in packaging, supporting documentation or certifications, and other factors.
The biggest point to make here is that with all other things being equal, FACE VALUE and NUMISMATIC VALUE have no bearing on one another.
SALE PRICE = (FACE VALUE) + (NUMISMATIC VALUE) + (SELLER'S PREMIUM)
Notice the lack of multiplication symbols; statements such as "2x face" or "10x face" have no meaning and no place in numismatics.
The FACE VALUE for a Casascius coin would be the value of the BTC stored within, plus the spot value of any precious metals.
The NUMISMATIC VALUE is an absolute value based solely on the desirability of the coin. This generally correlates with mintage, age, and condition, but other factors can be at play here as well.
The SELLER'S PREMIUM varies from seller to seller, based on a number of factors including the seller's trustworthiness, care in packaging, supporting documentation or certifications, and other factors.
The biggest point to make here is that with all other things being equal, FACE VALUE and NUMISMATIC VALUE have no bearing on one another.