not2sharp
Platinum Member
- Joined
- Jun 29, 1999
- Messages
- 20,492
A.G.,
That is a good point and certainly one that no one should argue with. Prices are set by the market, and price guides are at best a relative indicator.
Putting together a respected price guide is not an easy task. In essence you are making yourself a third party to a large number of transactions. You are bound to be cursed by some and applauded by others. None-the-less LG5 is a price guide, and the pricing is an important component.
Indeed, the reply I recieved from Krause reads in part:
"... this new edition received relatively little revision beyond price updates and a small new section towards the back of the book."
How well the prices are accepted, and what real value a price guide provides, depends on the reputation of whomever authors the book. It will never determine the final price, but a good guide will help our hobby by providing a starting point.
N2S
That is a good point and certainly one that no one should argue with. Prices are set by the market, and price guides are at best a relative indicator.
Putting together a respected price guide is not an easy task. In essence you are making yourself a third party to a large number of transactions. You are bound to be cursed by some and applauded by others. None-the-less LG5 is a price guide, and the pricing is an important component.
Indeed, the reply I recieved from Krause reads in part:
"... this new edition received relatively little revision beyond price updates and a small new section towards the back of the book."
How well the prices are accepted, and what real value a price guide provides, depends on the reputation of whomever authors the book. It will never determine the final price, but a good guide will help our hobby by providing a starting point.
N2S