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The Chip Board Archive 20

Al, How long have you been dealing in

collectables?

Most members in our club and especially those that have a connection to heritage have a VERY good understanding of the determination of Value.

Value is determined directly by supply and demand (Unless the Government steps in and then value is what they tell us it is).

You feel that the value of your Error note is $150. What if no one anywhere is willing to purchase it for $150? What is the best offer you received for the next 10 years is $50?

Is the "Value" of that note still $150

Are others foolish because they dont know the value as being $150 even though no one on the planet will buy it for that?

I am just using this as an example to show how value is determined and not talking specifically about your note as I have no direct knowledge of paper money values.

As Mike said, the very best determination of what something is worth is to see what people are paying for it. What better way to do this than to look at the largest sample set of sales available online which is Ebay.

Just a point to consider from someone who has been collecting and dealing for over 40 years.

Doug

Messages In This Thread

Any real Money Collectors?
You might be a little high in your price
Re: You might be a little high in your price
TY Ron, Now I know what that is grin grin
I collect real money just can't get enuf of it!!!
Re: I collect real money just can't get enuf of it
Re: I collect real money just can't get enuf of it
Re: I collect real money just can't get enuf of it
I am real and I Collect Money (50+ years)
Re: I am real and I Collect Money (50+ years)
Al, How long have you been dealing in
Re: Al, How long have you been dealing in
Re: Al, How long have you been dealing in
Re: Al, How long have you been dealing in
Re: Al, How long have you been dealing in
Re: Al, How long have you been dealing in
Gold and silver: the only real money
I agree, price a little high
Re: Gold and silver: the only real money
Re: Gold and silver: the only real money
Sorry Al, I since I don't "know" money...
Re: Sorry Al, I since I don't "know" money...
Please forgive me Al.....
Re: Please forgive me Al.....
US Code
Re: Please forgive me Al.....
Ron, It Looks like a Double Reeor

Copyright 2022 David Spragg