Showing posts with label price. Show all posts
Showing posts with label price. Show all posts
Déjà vu?
Déjà vu [French]
definition : literally "already seen", is the phenomenon of having the strong sensation that an event or experience currently being experienced has been experienced in the past, whether it has actually happened or not. (Source : Wikipedia.org)
Just what is “Market Price”?
There has been much frenzy and debate over a Malaysian 50 cent coin from 1969 with milled edge that was graded by NGC at AU55 being auctioned off in Singapore for a whopping RM10,253 on 19 October 2013. Ever since news of this broke, I had people coming to me saying that they have that 1969 50 cent coin to sell and asking me how much I am willing to offer.
And of course my response was that the price offered is highly dependent on the type, variety, condition/grade of the coin. The grade of the coin is in turn dependent on the big 4 major factors i.e. luster, contact marks, strike and eye appeal. But that’s not the point of this article; I will save the grading part for another day.
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