Author Topic: Confused Pricing  (Read 5458 times)

mwhil

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Confused Pricing
« on: September 29, 2010, 10:00:05 AM »
Hello -- I'm wondering why on the US Coin Pricing tab, some of the lesser grades have higher values.  For example, on the Franklin Halves, the "Fine" value might be $8, while the "Very Fine" value is $5.  Why is that?

Offline Wild Man

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Re: Confused Pricing
« Reply #1 on: September 29, 2010, 02:57:00 PM »
The lowest price currently listed for any Franklin half dollar is $8, though many of the prices for G-4 and VG-8 are listed as “Melt”.  If you click on the price tab, you’ll see that the value for these grades will say something like “Melt (6.50)”.  When a coin in a given grade is priced at “melt”, Exact Change will calculate its value by multiplying the silver content of the coin by the current spot price of silver.  Franklin halves have 0.3618 ounces of silver in them and (at this moment) the spot price of silver is $21.90 so a Franklin half has a melt value of $7.92.  From what you’ve said, I think we need to look at the spot price you have listed for silver.  Just click on “Bullion values” in the “Help” menu.  In the window that appears, you can enter the current value for each of the precious coinage metals.  There’s also a hot-link on that window that will take you to the page on our site that lists the current spot prices.  If you enter a new spot price, Exact Change will automatically recalculate the value of any coin that if the price list indicates that its value is melt.

Many of the Franklin Halves have a value of $8 in F-12.  If silver rises slightly more, the melt value of these coins will exceed that $8 value.  In that case, we will revise the price list and many of the halves in an F-12 grade will likely go up to match that higher melt value.

Offline klaas

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Re: Confused Pricing
« Reply #2 on: October 09, 2010, 10:41:52 AM »
I never you could the bullion prices. Would be great to have one additional field next to the 4 prices, number 5 being the date of those prices.  :)

Offline Wild Man

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Re: Confused Pricing
« Reply #3 on: October 13, 2010, 10:07:31 PM »
Thanks for the feedback.  We have now added a date stamp to the bullion values window that indicates when the precious metal values were last updated.  We automated the whole thing so that you don’t have to bother with entering a date.

Offline klaas

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Re: Confused Pricing
« Reply #4 on: November 07, 2010, 01:29:54 PM »
This new feature works very well, Thanks! :)