I have a set of the New Standard Encyclopedias and was wondering what is the value of them today. The set is in outstanding condition; they have never been used. Any information would be greatly appreciated.
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They generally are worth very little unless they are over 100 years old.
There are lots and lots of encyclopedia with the name New Standard so without knowing the exact year of yours, number of books etc. it is a challenge to place an exact value in ours.
How I would research to find a current market value is as follows:
Go out to eBay and search completed auctions (see the link below):
and look for an apples to apples match to find your EXACT set (same number of books, same year, same condition) and see if they sold and what the selling price was.
If you use something similar you are not going to get an exact value as sometimes there are similar items where one has a lot of value and the similar none...so if there are no sold listing for you exact set, keep checking back.
You may want to see if there is an exact match in the active auctions and set up an eBay WATCH to see when/if it sells and for how much.
If there are multiple exact items sold for different prices, I usually do an average to help me value my items I sell.
www.ebay.com/
I recommend ONLY using sold price not using current auctions and asking price as people can ask the world, but value is only what people will pay.
At the moment there are 49 completed auctions for items with New Standard Encyclopedia in the title on eBay, but if you filter to sold, there are only 10 and those 10 are all different and have huge price (value) differences.
When trying to determine your selling price (value), I use the price people paid PLUS shipping (which I know a lot of people disagree with me about) because if you are selling them at a face to face venue, it is helpful to know the EXACT amount someone forked over for an item when setting your price.
So, if someone paid 100 with free shipping (you could value the item at 100). If someone paid 50 for an item and 50 for shipping, same thing.
The thing with VALUE (different from profit) for eBay or online is if sold for 100 with free shipping, the seller only netted (and I am using round numbers for reference only) less than 50 because shipping something this heavy is expensive in that case is paid by the SELLER, plus the eBay and Paypal fees are paid by the seller also.
The same less than 50 value is evident when the BUYER pays shipping (the seller can't count shipping as profit because even though the buyer paid for it, the seller spends it to get it to the buyer--but it can be counted as item value if selling in a face to face venue where no shipping is involved. The seller still pays fees here also so that is a wash.
Hope this helps you determine value for your books! Good luck!
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