PLEASE HELP. Determining the (Trading) value of a pin
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- Redondo Beach, CA
Hello Fellow pin traders.
I would like to know your opinions on what I am about to present. I will try to keep it as short as possible. (or at least shorter than usual)
I think pin value plays the biggest part in any trade. Now of course, I agree that regardless of the pin, as long as you are getting something you want and are happy, the cost is not an issue. But here is where I have a difficult time.
Some people have told me that they only go by eBay and others by Pinpics. I personally believe in using both but here is my point.
Many have said that when they trade, they use the trades / wants ratio as a guidline as to how in demand a particular pin is. So lets say we both have an LE250 pin and one has 5 trading and 20 wanting and the other has 5 trading and 200 wanting.
For now, we do see that the pin with 200 wanting is far more in demand. Do I assume that that pin is more valuable?
When I trade, I always start by saying "Is that a Hard Pin?" in respect to the person I am trying to trade with. It also gives me an indication of if it will be an easy trade or a harder trade meaning I will have to supply a better pin for it.
On other occassions, even though we will be trading and I am told a pin is hard and highly in demand, what does that mean as far as what I have to trade?
I will ask people, even though we will be trading, what would you say the monetary value of the pin is? Now lets say they say $100.00, I have an idea of what I will have to trade because they are looking for a pin or pins with a similar value.
How can you just go by the wants / trades? I am not slamming PinPics, I have made it clear it is an awesome site and I am grateful for it.
So I gues my question is, Lets say YOU have an LE250 pin and I offer you a pin but you pass on the offer. Is it only because you dont like the pin or don't think it is as valuable as the pin you are trading?
Please understand that I DO NOT HAVE MONEY. I am currently seeking a new career.
The reason I say this is because I would rather trade $100.00 of pins for a $50.00 pin than have to come up with cash.
And obviously if there is a great demand for a pin, one would assume that it will have a greater value on the market or in trade. But what happens when the person you are trying to trade with wants over $150.00 in pins and it is currently (NOT) selling on ebay for $50.00 Buy It Now?
Yes I know everyone has different values of thier pins but lets say that 10 have sold for that $50.00, dont you think the person trading should be more realistic? if you have a pin you think is a $100.00 pin and everyday the same pin is selling for $20.00, do you really have a $100.00 pin?
I have had plenaty of pins that I thought were far more valuable than I had thought and then I see them on eBay or on the sales boards for a fraction of what I thought.
Maybe we need a sales board of all sales made of all pins as a reference. Doesnt the selling price of things directly relate to the demand of the item?
So I guess my point is, when you trade, dont you have to consider the value of the pin to a certain degree? Is this not why sometimes we have to trade 2 or 3 pins for a single pin? So the value is equal?
In the back of your mind when making a decision, doesnt value play a part in that decision?
All help, thoughts and opinions are sincerely appreciates.
PS If I were there right now, you would have picked the Queen of Spades. (Seriously)
I would like to know your opinions on what I am about to present. I will try to keep it as short as possible. (or at least shorter than usual)
I think pin value plays the biggest part in any trade. Now of course, I agree that regardless of the pin, as long as you are getting something you want and are happy, the cost is not an issue. But here is where I have a difficult time.
Some people have told me that they only go by eBay and others by Pinpics. I personally believe in using both but here is my point.
Many have said that when they trade, they use the trades / wants ratio as a guidline as to how in demand a particular pin is. So lets say we both have an LE250 pin and one has 5 trading and 20 wanting and the other has 5 trading and 200 wanting.
For now, we do see that the pin with 200 wanting is far more in demand. Do I assume that that pin is more valuable?
When I trade, I always start by saying "Is that a Hard Pin?" in respect to the person I am trying to trade with. It also gives me an indication of if it will be an easy trade or a harder trade meaning I will have to supply a better pin for it.
On other occassions, even though we will be trading and I am told a pin is hard and highly in demand, what does that mean as far as what I have to trade?
I will ask people, even though we will be trading, what would you say the monetary value of the pin is? Now lets say they say $100.00, I have an idea of what I will have to trade because they are looking for a pin or pins with a similar value.
How can you just go by the wants / trades? I am not slamming PinPics, I have made it clear it is an awesome site and I am grateful for it.
So I gues my question is, Lets say YOU have an LE250 pin and I offer you a pin but you pass on the offer. Is it only because you dont like the pin or don't think it is as valuable as the pin you are trading?
Please understand that I DO NOT HAVE MONEY. I am currently seeking a new career.
The reason I say this is because I would rather trade $100.00 of pins for a $50.00 pin than have to come up with cash.
And obviously if there is a great demand for a pin, one would assume that it will have a greater value on the market or in trade. But what happens when the person you are trying to trade with wants over $150.00 in pins and it is currently (NOT) selling on ebay for $50.00 Buy It Now?
Yes I know everyone has different values of thier pins but lets say that 10 have sold for that $50.00, dont you think the person trading should be more realistic? if you have a pin you think is a $100.00 pin and everyday the same pin is selling for $20.00, do you really have a $100.00 pin?
I have had plenaty of pins that I thought were far more valuable than I had thought and then I see them on eBay or on the sales boards for a fraction of what I thought.
Maybe we need a sales board of all sales made of all pins as a reference. Doesnt the selling price of things directly relate to the demand of the item?
So I guess my point is, when you trade, dont you have to consider the value of the pin to a certain degree? Is this not why sometimes we have to trade 2 or 3 pins for a single pin? So the value is equal?
In the back of your mind when making a decision, doesnt value play a part in that decision?
All help, thoughts and opinions are sincerely appreciates.
PS If I were there right now, you would have picked the Queen of Spades. (Seriously)