We use as many different Price Points as possible from many different Price Sources so the Estimated Value can accurately reflect current market trends. This article describes all the different types of Price Points and the Price Sources we currently use, plus a few types that we don't use (yet).
TABLE OF CONTENTS
- Retail Prices
- User Estimated Values
- External 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) or Suggested Retail Price (SRP) in the UK
- Unverbindliche Preisempfehlung in Germany
Ideally, the Retail Price 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 are knowledgeable about the item. 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 Member Estimate is hidden and not used in the calculation of the item's overall Estimated Value. Most Member Estimates will link to the showcase of the member who added it. (The exception is Member Estimates that were added before 18 September 2020 when they were called Curator Price and weren't associated with a member name.)
Contributors can add values from printed price guide books 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 our accepted price guide sources, 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 would love to integrate other online price guides with 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!
Price Points from Pristine Auction 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 a "Best Offer" the listing ends and the buyer proceeds to pay the seller like any other eBay purchase. 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 is not mint or near-mint it will be listed as a Price Point but won't be included in the Estimated Value calculation.
Mercari is a popular online marketplace where many collectibles are bought and sold and we recently started using completed sales there as Price Points. Learn how to add Mercari Price Points.
StockX is an online marketplace with specialized staff who physically evaluate every item for authenticity and condition before being sent to the buyer. Because of StockX's verification process we consider them a trusted source for Price Points. All sales on StockX qualify for the hobbyDB Price Guide, and if they're flagged we generally won't consider removing them. Learn how to add StockX Price Points now!
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. 7BAP has a very strict grading system, so we consider everything they've 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 thousands of forums and online communities out there, we have no way to cross-check them and confirm that the transactions actually happened.
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 have an option to record the price you paid for the item. We plan to show these are reference points (but again, since we can't confirm those prices we still won't use them 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.