Collector's value
The collector's value is the market value of a collector's item , which collectors can use for orientation.
General
As collector's items with a high collector's value, stamps , coins ( investment coins ), records , books , comics , historical securities , vintage cars and even autograph cards come into question. Regardless of the collector's item, the collector's value is the least objectifiable value because subjective characteristics predominate. However, the market mechanisms of supply and demand also apply to pricing through supply and demand in the collector's market. If the seller sets the offer price too high, he will not find any prospective buyers in the foreseeable future and vice versa.
Value increasing are misprints , misstrike , unique , uninterrupted series or limited editions that are already on the issue of artificial scarcity contribute and thus to a highly collectable. This rarity cannot be removed afterwards. Scarcity also has an impact on demand, because rarities often appear desirable to collectors simply because of their rarity ( scarcity principle ), which means that the scarcity has a greater effect on price increases than would be the case with consumer goods. Defects not tolerated by the market (lack of completeness , lack of sentence maker, poor degree of preservation , damage ) or lack of scarcity have a depreciating effect . With frequent gold coins that are also investment coins , the collector's value is based on the current gold value plus a small premium. However, finds the price formation only within the collectors market place and not by the commercial or material value impact of the object, it is called a fancy price .
Value orientation
The collector's value is usually above the net asset value , face value , value of the metal , gold or silver price . This surcharge is called the agio and takes into account the subjective value perception of the market participants . The mint mark and year of minting of a coin, for example, can be an important factor in determining its collector value. 2 Pfennig copper coins with the minting location “J” and the minting year 1966 have a collector's value between 2000 and 4000 euros. The collector's value increases as soon as a collector's item has lost its official function (disused cash , historical securities or postage stamps), welfare stamps usually have a market or collector's value. The collector's value can decrease when interest in a collector's item wanes.
Catalog value and collector's value
For collecting areas with popular collector's items that can be systematically recorded, there are usually catalogs with price information. The value according to these catalogs is called the catalog value . Catalog values have in determining the collector value of a benchmark , but need not be identical to this, because usually a high dealer is margin included, must be so calculated on the sale at a much lower price.
Important specialist catalogs are stamp catalogs ( Michel catalog ), coin catalogs ( Numis-Post , “Günter Schöns Welt-Münzkatalog”), car catalogs ( Schwacke list , valuation of oldtimers ) or record catalogs (“Bielefelder catalog”); they increase market transparency for market participants.
Web links
Individual evidence
- ↑ Eduard Dreher , in: Juristische Rundschau , 1976, p. 295
- ↑ BFH, judgment of June 13, 1969, Federal Tax Gazette. 1969 II, 701