Pricing indicated on www.collectablecoins.co.za (a subsidiary of SA Coin Investments) are based on three pricing types taking into account that coin prices are a function of supply and demand. Market prices decline when inventories cannot be moved at current levels and eventually rise when insufficient quantities are available to meet current demand.
Pricing on graded coins and medallions is very complex and can quite often be a daunting prospect due to there being numerous factors and market trends that influence pricing. For instance, a coin sold on auction may be sold for a certain price, yet sold at a higher price in retail and in a certain situations, may even been sold for less the very next day.
A coin is only "worth" what someone is willing to pay for it. Several factors are taken into consideration by a potential buyer to establish what he or she considers a fair price. In general, a coin must be physically examined to determine its authenticity, grade and the presence or absence of problems before a value can be established.
RT: Retail. This is a price that one can be expected to pay in a shop. Factors such as sending an item for grading, courier etc must be taken into account.
AC: Auction. This is the price of a coin that was purchased on auction including auction websites. Factors such as bidders, bidding wars etc. are taken into account.
PPD: Purchase Price Dependant. This occurs mainly during purchase from a private collector or investor. The selling price is therefore based on what we pay.
Demand is established by collectors, investors, and by dealers. As with any business, particularly in trade, a profit needs to be generated from a sale or prospect in order to be viable. Consequently, there are multiple tiers of prices for any particular collectible coin.