We use as many different Price Points from as many different sources as possible so the Estimated Value can reflect current market trends. This article describes all the different types of Price Points we currently use, plus a few types that we don't use (yet).
TABLE OF CONTENTS
- Retail Prices
- User Estimated Values
- Price Guides
- Auction House Prices
- Online Marketplaces
- Trusted Online Retailers
- Team Verified Sales
- Future Plans
- Price Points We Don't Use (yet!)
Price Points We Currently Use
This is the price paid when the item is first available to purchase at retail stores. Retail prices are often referred to by a few different names, depending on the country:
- Manufacturer's Suggested Retail Price (MSRP) in the USA and elsewhere
- Recommended Retail Price (RRP) in the UK
- Suggested Retail Price (SRP) in the UK
- Unverbindliche Preisempfehlung in Germany
Ideally, this is the first Price Point on each item and the starting point for the Price Chart. For older Retail Prices the day and month can be estimated.
NOTE: Items that come in blind packaging all have the same Retail Price regardless or ratios or statuses such as common or chase. The item's Estimated Value will quickly adjust to market value as more Price Points are added.
These are values that have been added by some of our members who have good knowledge in the area. Sometimes these values are the best estimates for the individual database item as there have been no recent transactions that we could record. As these estimated values are still a data point, we decided it would be important to display them if there is no other pricing information.
However, once we have market transactions or other Price Points on the Database Item the User Estimated Value is hidden and not used in the calculation of the Estimated Value. Most "User Estimated Values" will link to the showcase of the member who added the value (User Estimated Values added before September 18, 2020 were called Curator Price and for those, we did not record the associated Member Name.)
Contributors now have the ability to add values from respected price guides such as the Tri-Ang Toys Price Guide and National Farm Toys Museum Price Guide. If you are interested in adding a book to the list of accepted Price Guides, please contact us!
We were approached by the Hard Rock Pin Community in December 2018 to see if we could provide their database and collections with a new home.
As part of the data transfer, we received around 65,000 estimated values of Hard Rock Cafe Pins. The Hard Rock Pin Catalog Estimated Values were averages of what users of the old database had reported they had paid for their pins. We are interested in adding other online Price Guides to hobbyDB, so if you are aware of one please let us know!
General Auction Houses
Contributors also have the ability to add reported values from auction houses that share their results online or in printed form. We have many auction houses on our list of Price Point options, but if you'd like us to add an Auction House that isn't on the list yet, contact us and we'll gladly do so!
Pristine Auction Price Points are handled differently. This auction house has given us access to a feed of the items they sell, which are mostly sports memorabilia and autographed items. Most of those items will not be in our database yet, so a Squad member with the Creator role or above will need to add the item before the Pristine Auction Price Point can be assigned to it.
The majority of our Price Points are completed eBay auctions and Buy it Now listings. Volunteer Squad members scour eBay and add completed listings as Price Points if they meet our Price Point Quality Standards.
eBay sellers sometimes allow customers to make an offer on items they sell. If the seller accepts the "Best Offer" the listing ends and the buyer pays the seller like any other purchase on eBay. While we would like to capture all of these sales, but because of how eBay has set things up it Best Offers take some investigative work from our Squad members. We generally only add Best Offer Price Points if there are few other Price Points available for the item.
Sales on hobbyDB are automatically assigned as Price Points. If the item sold isn't mint or near-mint, it will be listed as a Price Point but won't be included in the Estimated Value calculation.
We are experimenting with using Mercari sales as Price Points. Learn how to add Mercari Price Points.
Contributors have the ability to add sales from StockX using the same mechanism as we use for Auction Houses.
NOTE: We accept all reported StockX Price Points and will not review them since the company has specialized staff that physically evaluates every item sold on their marketplace, and they only sells items which are in near-mint or mint condition.
Yahoo! Japan Auctions works similarly to eBay, and contributors have the ability to add sales as Price Points using the same mechanism as we use for Auction Houses.
Trusted Online Retailers
7 Bucks a Pop (7BAP) provides us with a feed of their sales, and Squad members assign those sales to matching database items. We consider everything that 7BAP has graded 7.5 or higher to qualify as Near Mint for the purposes of our Price Guide.
We hope to integrate sales from more online shops in the future. If you own an independent store and are interested in including your sales in the hobbyDB Price Guide, please contact us! We are particularly interested if your store sells more than just current items at retail prices.
A direct or private sale can be added as a Price Point if there is a YouTube video or other publicly available documentation of the transaction. To use a direct sale we must have this information:
- Transaction Date
- Seller Name
- Price paid
- Video or photos of all sides of the item to prove the item is in near-mint or mint condition.
These Price Points will be individually reviewed by hobbyDB staff members or select Squad members for verification before being accepted into the Price Guide.
We have plans to add more types of Price Points! For more on our vision for the Price Guide, read here.
Price Points We Don't Use (yet!)
Online sales which can't be verified
While we would love to document prices that items were sold for on Facebook, Whatnot, or any of the 1,000 forums and online communities out there, we would have no ability to cross-check them to confirm that the transaction actually happened, so we would have to rely solely on the reporter.
The vast majority of our members would report prices correctly and honestly, but it would open the door for the small number of people who like to take advantage of others to manipulate the Estimated Value. In order to preserve the integrity of our price guide we do not have plans to allow adding Price Points from unverifiable sources. However, in the future we might allow adding these prices separately as references without including them in the Estimated Value calculation.
The "price paid" recorded in your hobbyDB collection
When you add an item to your collection on hobbyDB you can record the price you paid for the item. We plan to show these are reference points (but again, since we can't confirm them they wouldn't be used to calculate Estimated Values). This could also include prices you sold items privately for. We might even add the ability for the buyer to confirm the transaction.
Intelligence of the community (or "nudging")
We plan to allow members of the site to nudge values up or down. This, like many other types of Price Points, is probably more valuable for rare items that otherwise would not have much or even any pricing data. We would show who nudged the price and would therefore be transparent. Like other types of Price Points we will allow members to set by default if they want to see this type of data or not.