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Percentage Increase Year To Year

 
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Valued Member

United States
23 Posts
Posted 04/09/2010   4:28 pm  Show Profile Bookmark this topic Add acorn54 to your friends list Get a Link to this Message
just curious if anyone could tell me if I bought a used scott number one from a dealer in 2008 what perecentage increase there would be in the purchase price if I bought it in 2009.
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Pillar Of The Community
United States
6756 Posts
Posted 04/09/2010   4:37 pm  Show Profile Bookmark this reply Add khj to your friends list  Get a Link to this Reply
It depends greatly on condition, but in general there should be little to no change in retail value from 2008 to 2009. The XF and S condition stamps, or ones with exceptionally good/unusual cancels often continue to go up even if the catalog value does not go up.

The Scott catalog value for a used US #1 in VF sound condition is $600 in both the 2008 and 2009 catalogs.
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Edited by khj - 04/09/2010 4:54 pm
Pillar Of The Community
United States
7072 Posts
Posted 04/09/2010   6:03 pm  Show Profile Bookmark this reply Add Cjd to your friends list  Get a Link to this Reply
I agree that there is no rule of thumb. You could visit two dealers and find that the purchase price varies widely between them.

Depending on how hungry the dealer is, it could even vary from morning to afternoon during the course of a slow show.
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Canada
531 Posts
Posted 04/09/2010   6:16 pm  Show Profile Bookmark this reply Add Moonbird to your friends list  Get a Link to this Reply
I personally think you need to verify the base value before you think of applying an annual increment factor. And as to those base values I think they are exagerrated and far too inflexible. So if the base is high then even if you apply a consumer price index (CPI) you are still generating an "invalid" number. Now if the base value is valid, it would make sense to apply at least the CPI year by year.
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