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Ohio Valley Collect |
Scripophily Pricing?
The Basics, Part 3
by Allen Lloyd, MBA, Ph.D.
| As with the sale of goods in any open market, the value of any
Scripophily certificate is always set by what the buyer is willing
to pay and the seller is able to accept to make the transaction.
Pretty simple concept but there are factors in judging what the
price should be. Scripophily is priced based on many factors. Rarity, quality, and availability play an important role in pricing. A stock certificate that is120 years old and there are but five examples that are known to exist will be worth more than a certificate that has thousands of examples available that are in average condition. As you begin your Scripophily collection you should do some research. Pick an industry and begin shopping. There are hundreds of dealers of Scripophily and each has pricing that has been set by their particular profit needs. Prices as you will find vary a good bit between dealers. Some collectors buy their Scripophily at auctions. Bargains can be had at these auctions but when developing a collection and looking for specific additions to your collection there may be long waits to find what you are looking for and actually winning an auction. More than one collector has found that they have accumulated a lot of certificates at auction only to find that what they have won are certificates so common that they are not worth the prices that they have paid. Buyer beware. There is some help with pricing for Scripophily. Railroad certificate collectors for example can use Cox Rail dot com as a source for price ranges for known certificates from the railroad industry. Cox has applied unique numbers for these certificates and has provided a price range for their value. Printed price ranges wherever you may find them are guidelines for retail pricing only. |
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