There are a few factors that affect what you can ask for something, we’re going to discuss some of them.
Regional pricing means that your location affects the pricing of certain items. Some are valuable everywhere, some are valuable nowhere. How do you know? Research. Antiques groups on Facebook are a good place to glean that information. Just post up a picture and ask what do these go for in your neck of the woods?
For a long while I’ve been looking for a coffee grinder. An old one, with a crank. Where I am presently located they go for ridiculous amounts. $60 and on up depending on what shape its in and its size. Other places, they go for $10, still others, you can’t give them away.
Coal scrip is another good example. Where I grew up in the Appalachian Mountains, its plentiful, and not worth very much money. Once while we were visiting our families back home, my Father-in-Law and I were watching Pawn Stars. A guy walks in and wants to sell a ziplock bag of coal scrip. I don’t remember how much it sold for, but according to my Father-in-Law, it was way over paid for. But that’s a prime example of how regional pricing works.
You can also use regional pricing to your advantage. Peruse those antiques groups again for information. I have gotten several good tips from reading through comments on those posts. Now, remember what I said about haggling if the price is right.
If you’re selling online, regional pricing won’t be that much of a factor to you. You can research a fair market value and price accordingly. If you’re selling in person, make sure you have some idea of the pricing of what you’re bringing.
Don’t pay big money for something where you buy, if it only sells for low money where you’re going to be selling. There’s a lot of researching involved in this business.
Those Facebook groups are good place to get this info too. Join, and see what people are looking for. “LTB” is code for “looking to buy.” So if the stars align, some of those things people are looking for might be available around you for cheap.
Sometimes we might need to travel for some things that sell low in other places, that sell high where we are. I have on good authority, form one of those Facebook antique group tips, that there is a saturated antiques marked a short drive away from where I am. So, I’ll be checking out those areas.