Citeer: "Houseofham"Ok, here is an interesting question: If you buy a coin online (from E-Bay or elsewhere) or order by mail, do you include s&h fees in the price you list on Numista?
I would be inclined to do so, since some sellers offer free shipping and already factor s&h into their price, while others do not but offer combined shipping, and if I have to pay extra for s&h, I adjust my max bid accordingly.
I'd say yes. Price + postage is what you accept to pay for a given coin. It is the concept of "willingness to pay" that determines the "value".
Quand l'Histoire et la Géographie se croisent sur nos pièces de monnaie ...
Citeer: "Houseofham"Ok, here is an interesting question: If you buy a coin online (from E-Bay or elsewhere) or order by mail, do you include s&h fees in the price you list on Numista?
I would be inclined to do so, since some sellers offer free shipping and already factor s&h into their price, while others do not but offer combined shipping, and if I have to pay extra for s&h, I adjust my max bid accordingly.
I'd say yes. Price + postage is what you accept to pay for a given coin. It is the concept of "willingness to pay" that determines the "value".
I still say no to + s&h! I have bought coins and when it was time for paying I was shocked by the shipping fee. One dude charged me like $20 for shipping. The coon itself was $.99. I was not willing to pay those extra 20 dollars.
Citeer: "Houseofham"Ok, here is an interesting question: If you buy a coin online (from E-Bay or elsewhere) or order by mail, do you include s&h fees in the price you list on Numista?
I would be inclined to do so, since some sellers offer free shipping and already factor s&h into their price, while others do not but offer combined shipping, and if I have to pay extra for s&h, I adjust my max bid accordingly.
I'd say yes. Price + postage is what you accept to pay for a given coin. It is the concept of "willingness to pay" that determines the "value".
I still say no to + s&h! I have bought coins and when it was time for paying I was shocked by the shipping fee. One dude charged me like $20 for shipping. The coon itself was $.99. I was not willing to pay those extra 20 dollars.
I think most people would agree that paying high s&h fees for low-end coins would be a bad deal, whether you consider these fees part of the coin's price or not. Regardless, your example is not a very good one. You bid on a coin without first checking what s&h charges would be. If you backed out of that deal, then you did not actually buy it and there is nothing to report. If you ended up agreeing to those s&h charges, then, yes, it's part of the price you were willing to pay.
I would say that deals where you knowingly paid far in excess of the fair market value should not be reported - such reports would not help anyone.
ps: On a similar topic, there is also the question of whether to include buyer's premium - an "additional charge on the hammer price (winning bid at auction) of the lot that must be paid by the winner".
I'm still using the old system and will continue for a while. I just don't have the time to get started yet. As a result I'm not able to see any of the new values but from reading the above it seems they are mostly understated. I reckon as the sample size grows we may end up with a reasonable figure or at least one that's consistent, plus or minus.
Has anyone been daring enough to use the figures while negotiating a swap yet? It would be a brave man who would proceed without also checking current K&M values! I'm sure there are those already looking for anomalies they can exploit to make a fast buck.
I am looking forward to entering my own values and checking how they fit with the Numista generated ones. If it all works out as intended then wouldn't it be great to have reliable values at your fingertips without having to go off site to get them? So while I'm not fully convinced yet, I really would like to see this exciting and innovative feature bear fruit.
Non illegitimis carborundum est. Excellent advice for all coins.
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