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General discussion thread - keep the other threads clean
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Started by Transplant,

35,153 posts in this topic

miraclemet

miraclemet

Posted
Posted

wow I think I'm seeing a few prices here in the marketplace that are a direct result of the loonie freefall (like 50% over GPA). Makes me think that most of the books north of the border will stay there because there's no way an owner is going to get anything close to what they have in it to make it worth selling...

 

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1Cool

1Cool

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...and another reminder that "PM" is best thought of as an acronym for "Personal Message," rather than for "Private Message"

 

PM sent

 

Don't threaten me Hector!

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Loki

Loki

Posted
Posted (edited)
wow I think I'm seeing a few prices here in the marketplace that are a direct result of the loonie freefall (like 50% over GPA). Makes me think that most of the books north of the border will stay there because there's no way an owner is going to get anything close to what they have in it to make it worth selling...

 

I doubt that's the case. Most books change hands in US$, so whatever happens to the Looney shouldn't affect selling prices.

 

As someone working in a resource sector that sells its goods in $US, a weaker $CDN is great for export based profits, particularly since all our expenses are priced in $CDN.

 

The lower Looney price can benefit the Canadian comic seller now. Example - A book that I bought for $100 when the dollars were at parity a few years back and remains worth $100 US is now worth ~$145 CDN. The exchange rate leads to a 45% profit in $CDN despite the fact the price is unchanged in $US.

 

As an added bonus, the US buyer should also see shipping prices from Canada to the US dropping (in $US) while remaining unchanged in $CDN.

 

If anything, we could see Canadian sellers pricing books they bought in better times below GPA and still making a $CDN profit. Of course, the reverse is also true - Canadian buyers are going to be paying a huge premium in $CDN to buy books priced in $US.

 

 

Edited by Loki
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wow I think I'm seeing a few prices here in the marketplace that are a direct result of the loonie freefall (like 50% over GPA). Makes me think that most of the books north of the border will stay there because there's no way an owner is going to get anything close to what they have in it to make it worth selling...

 

If someone bought a book before the freefall then they make more money the further the loonie drops if sold in U.S. funds. Not sure I follow your logic.

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1Cool

1Cool

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wow I think I'm seeing a few prices here in the marketplace that are a direct result of the loonie freefall (like 50% over GPA). Makes me think that most of the books north of the border will stay there because there's no way an owner is going to get anything close to what they have in it to make it worth selling...

 

If someone bought a book before the freefall then they make more money the further the loonie drops if sold in U.S. funds. Not sure I follow your logic.

 

Which does nothing for us US sellers since the Canadian buyers have virtually stopped buying books altogether (I don't blame you guys). I guess the Canadian sellers will still make out ok if the price of books drop 20 - 30% since the conversion makes up the difference. I've been saying for 6 months there seemed to be a market correction happening ever since the Canadian currency freefall.

 

 

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1Cool

1Cool

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And with the drop in a lot of books it makes it harder to justify getting books graded or making a purchase of a book anywhere close to GPA because who knows how much lower stuff may be going. Sounds like a domino effect to me. All caused by the plunging loonie.

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wow I think I'm seeing a few prices here in the marketplace that are a direct result of the loonie freefall (like 50% over GPA). Makes me think that most of the books north of the border will stay there because there's no way an owner is going to get anything close to what they have in it to make it worth selling...

 

If someone bought a book before the freefall then they make more money the further the loonie drops if sold in U.S. funds. Not sure I follow your logic.

 

Which does nothing for us US sellers since the Canadian buyers have virtually stopped buying books altogether (I don't blame you guys). I guess the Canadian sellers will still make out ok if the price of books drop 20 - 30% since the conversion makes up the difference. I've been saying for 6 months there seemed to be a market correction happening ever since the Canadian currency freefall.

 

 

Canada is such a small part of the market and you're assuming all CDN buyers manage their funds strictly in CDN.

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And with the drop in a lot of books it makes it harder to justify getting books graded or making a purchase of a book anywhere close to GPA because who knows how much lower stuff may be going. Sounds like a domino effect to me. All caused by the plunging loonie.

 

The market was white hot. No market maintains that kind of heat. If there is a correction going on and if the loonie is affecting market purchasing then I expect a large reduction in the "fly by night" sellers. Works for me on many levels.

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1Cool

1Cool

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wow I think I'm seeing a few prices here in the marketplace that are a direct result of the loonie freefall (like 50% over GPA). Makes me think that most of the books north of the border will stay there because there's no way an owner is going to get anything close to what they have in it to make it worth selling...

 

If someone bought a book before the freefall then they make more money the further the loonie drops if sold in U.S. funds. Not sure I follow your logic.

 

Which does nothing for us US sellers since the Canadian buyers have virtually stopped buying books altogether (I don't blame you guys). I guess the Canadian sellers will still make out ok if the price of books drop 20 - 30% since the conversion makes up the difference. I've been saying for 6 months there seemed to be a market correction happening ever since the Canadian currency freefall.

 

 

Canada is such a small part of the market and you're assuming all CDN buyers manage their funds strictly in CDN.

 

When it comes to high grade "nicer" books I'd say 25 - 30% of my packages where going up north half a year ago. Now I may get 1 in 20 going up north. I'm only one seller but the Canadian market was a huge portion of sales a short time ago.

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djpinkpanther67

djpinkpanther67

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I have a question. I have done a sales thread here and there over the years, but how do I set up a TRADE thread properly? I have a draft thread Im working on, but want to make sure I'm within Forum R&Gs

Any suggestions besides the NOOB link? I read that already.

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