HOW MUCH ARE YOU WILLING TO PAY ?

How do you define a fair value if you want to buy a certain things be it banknotes, coins, gold coins and other numismatics stuffs ? Of course everyone would like to buy below market price or below catalogue price. But that is not necessarily the best method to gauge your buying strategy.

Just to give you one example, back in 2010 there was one collector who refused to buy the 50th Anniversary of Independence (Merdeka Goldline) for MYR350.00 each because the market price was around MYR320.00 during that time. So he was looking to buy below the market price between MYR280.00 to MYR300.00 and he criticized the seller of trying to rip him off so he didn't buy any.

Then in the following year 2011 he was still on bargain hunting for the Merdeka Goldine. During that time the market price shot up to MYR450.00 and he was offered by the same seller at the price of MYR480.00. He again turned down the seller and refused to buy at that price because he was searching for a bargain price at between MYR400.00 to MYR420.00 and once again he criticized the seller of wanting to rip him off hence he didn't buy any at all as he was fed up that he couldn't find any at his desire price.

2007 50th Anniversary of Independence (Merdeka Goldline)

Now at the time of writing this article the price of the 50th Anniversary of Independence (Merdeka Goldline) has shot up to MYR1200.00 for 2 zeroes (raw ungraded) and MYR1800.00 for 3 zeroes (raw ungraded).

Today the same collector is currently still searching to buy at MYR800.00 for 2 zeroes and MYR1200.00 for 3 zeroes. He has said he "doesn't mind" to pay MYR800.00 for 2 zeroes !

So sometimes it does not matter to pay a little higher even above the market price to obtain the item, otherwise you will miss the boat. Don't worry on the higher price you have paid now eventually the price will catch up and exceeded your cost in the foreseeable future.

The same goes for the 1961 $10 Malaya and British Borneo (Red Buffalo) and etc....

If you think your fate is similar like the above "one collector" you ought to change your buying pattern/strategy and dont make the same mistake or miss the boat.

"Time and tides waits for no one"


Happy Reading !