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FDIV



Joined: 12 Mar 2006
Posts: 740
Location: Ohio, USA

PostPosted: Tue May 23, 2006 9:29 pm    Post subject: Reply with quote

chipcollector, sammy, and debs have all been cataloging the sale values of chips on e-bay. The question is, what to do with this information (obviously this is somewhat rhetorical since they collected it and can do whatever they want with it), certainly with all of e-bays uncertaintees and fluctuations it is still better information then general opinion. Should this information be available to the world at large. I certainly don't want all the scrappers in the world to know exactly what they can sell some chips for. From my experience, as well as from the posts of others I have gleaned that most of us do not pay full e-bay properly listed prices for most our chips. I think a thread to information page is a good idea but I would lock it so non-members can't access it. God forbid we start to be a price guide quoted in e-bay auctions in the way that the pictures and information posted on our sites are already used.
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chipcollector



Joined: 28 Sep 2004
Posts: 1681
Location: New England

PostPosted: Tue May 23, 2006 9:47 pm    Post subject: Reply with quote

metalmaker wrote:
Seems it might become like some investment forums for stocks - like on Yahoo. People who already own or want to sell at a higher price become the "cheerleaders" for higher prices. And those who sold too soon or want to buy cheaper become the "naysayers".

Collector items are just like investment stocks - there is no set value. The market for collectables is an auction type market (just like stocks). How many "valuable" chips are offered on the forum? As soon as real money is involved it usually goes to Ebay or "make me an offer". I think the recent action on ebay (we have all seen the "Morrow" auctions) is very much like the action on thinly traded (thinly traded means there are not many transactions) stocks. It is easy for the price to manipulated and for "irrational exuberence" to create price bubbles. The greater fool theory is now at work in chip collecting on Ebay IMO.

BTW - I have collected stamps and coins and every serious stamp and coin collector knows those price guides are useless for establishing actual sale value. They show relative value at best. I once watched a guy trying to sell a coin to a dealer for the value he saw in a book. The dealer said "I could not even sell it for that price, and certainly cannot buy it for that price. Books don't buy and sell coins."

MM


Who said chipcollecting was anything like collecting coins or stamps? There's nothing wrong with setting new standards. Price guides on the new site will do exactly one thing, give the average collector an idea of what the top chips are running for. This is definitely not a case of, "OH THERE GOES THE CRAZY EBAY BIDDER, JACKING UP THE PRICE BECAUSE HES FILTHY RICH, WANTS COLLECTION FAST", you get the point- if anyone remembers the prices of C4004's in the past few years, I'd say the prices weren't volatile, their value escalated like gold. Steady... adjusted... and steady again... I'd like to remind you that unlike coins or stamps (or bugs?), the earliest chips weren't produced by the millions, or even the thousands.. electronics are scaled at a much rarer level because of planned obsolescense, one year a chip is on the market, the next year it's out of production. Coins are produced by the millions for decades at a time before anything actually changes. So I'd definitely expect a C4004 to jump up and down in price like crazy, since so little is at hand, these new collectors would do anything to get one. Eventually all newcomers would never get this chance again.
This is just the beginning of chipcollecting, and I think these price guides, whether they turn out good or bad, will have a positive effect on our hobby. We can't stay small and keep chips at bubble gum prices (like some people here wish).

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Vintage Chip Database, www.RareCPUs.com/database
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