What Does Fair Wholesale Value Mean, and Why Is It Different to Fair Market Value?

The values listed in The Layman's Guide to Australian Coin Values are what the Americans refer to as Fair Wholesale Values - that is, they'e a guide to the figures that a fair dealer will generally pay an informed buyer for a particular item.

The exact price a dealer will pay a seller for a particular coin or note will depend on:

• The condition that the item is in;
• The retail value of the item in that condition;
• How active the collector market is for the item at the time that the dealer purchases it;
• How long the dealer expects to hold the item until it is sold; as well as
• The dealer's specific circumstances at the time the transaction takes place.

Rather than providing just one value for each coin or note mentioned, The Layman's Guide to Australian Coin Values shows a lower and an upper figure for each item listed, and is based on the normal population of coins and notes that are known to be held by the general public. Badly damaged items will bring less than the values indicated, while coins and notes that are in better thanaverage condition will bring more.