Used Value
Wednesday, February 3rd, 2010Used Value
In computing GDP, market prices are used to value final goods and services because?
a. market prices reflect the values of goods and services.
b. market prices do not change much over time, so it is easy to make comparisons between years.
c. if market prices are out of line with how people value goods, the government sets price ceilings and price floors.
d. None of the above is correct; market prices are not used in computing GDP.
...because market prices reflect the values of goods and services.
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MAURITIUS SCOTT 18 6p VALUE BLUE IMPERF 1859 USED |  |
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US $38.99 | 26m |
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4 LOT CHRIS BOSH JERSEY GAME USED HIGH BOOK VALUE $40 | |
1 Bid | US $.99 | 30m |
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RHODESIA SCOTT 129a 10p VALUE KGV PERF14 1922 USED | |
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US $46.89 | 35m |
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RHODESIA SCOTT 131 1 VALUE KGV ITGREEN BLK USED | |
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US $24.40 | 36m |
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USA Hi Value Used Singles Priority Express See Scan | |
0 Bid | US $2.99 | 1h 5m |
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DELICATELY USED WETS SEAL BLACK PANTS SIZE 3 VALUE | |
0 Bid | US $.99 | 1h 31m |
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DELICATELY USED OLD NAVY WHITE BLACK PANTS SIZE 2 VALUE | |
1 Bid | US $.99 | 1h 33m |
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Israel 60 stamps Used Good Value | |
0 Bid | US $.99 | 2h 5m |
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Switzerland 95 Used stamps Great Value | |
0 Bid | US $.99 | 2h 11m |
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Canada Scott No 104 122 Used Year 1911 25 Value $13 | |
0 Bid | US $33.00 | 2h 13m |
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Canada Scott No 125 130 Used Year 1912 24 Value $15 | |
0 Bid | US $5.00 | 2h 13m |
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Canada Scott No 135 Used Year 1917 Value $100 | |
0 Bid | US $2.50 | 2h 13m |
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Canada Scott No 15 Used Year 1859 Value $25 | |
0 Bid | US $7.00 | 2h 14m |
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Canada Scott No 34 40 Used Year 1870 89 Value $132 | |
0 Bid | US $35.00 | 2h 14m |
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Canada Scott No 66 73 Used Year 1897 98 Value $110 | |
0 Bid | US $28.00 | 2h 14m |
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Canada Scott No 85 86 Used Year 1898 Value $11 | |
0 Bid | US $3.00 | 2h 15m |
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Canada Scott No 87 88 Used Year 1899 Value $10 | |
0 Bid | US $2.50 | 2h 15m |
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Canada Scott No 89 95 Used Year 1903 08 Value $138 | |
0 Bid | US $35.00 | 2h 15m |
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Canada Scott No 123 124 Used Year 1912 Value $95 | |
0 Bid | US $25.00 | 2h 15m |
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DELICATELY USED NO BOUNDARIES DENIM SIZE 7 8 GRAY VALUE | |
0 Bid | US $.99 | 2h 50m |
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Sweden 240 used 1935 key value cv $575 | |
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US $3.00 | 3h 29m |
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BELGIUM LOTS MODERN USED 39 STAMPS GOOD VALUE | |
0 Bid | US $.99 | 5h 5m |
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WHOs Really WHO nice used paperback good value | |
0 Bid | US $3.72 | 6h 7m |
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AUSTRIA 556 USED HIGH VALUE OF SET 1950 CV$600 | |
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US $2.29 | 6h 8m |
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47 all different used stamps from many countries Value | |
0 Bid | US $.91 | 6h 35m |
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SWITZERLAND LOT OLD STAMPS HIGH VALUE USED | |
1 Bid | US $6.00 | 6h 59m |
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BELGIUM LOT STAMPS USED HIGH VALUE | |
0 Bid | US $6.00 | 7h |
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Portugal used mi 857 high value | |
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US $5.15 | 7h 6m |
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30 High Value Stamps Fine Used Mixed Countries | |
0 Bid | US $9.13 | 7h 7m |
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USED STAMPS Singapore high value $5 stamp | |
0 Bid | US $.99 | 8h 27m |
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SG69 FINE USED QV 6d DEEP LILAC £120 CATALOGUE VALUE | |
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US $13.88 | 8h 32m |
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SG84 FINE USED QV 6D LILAC WITH A £90 CATALOGUE VALUE | |
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US $7.70 | 8h 43m |
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GREECE Metal value Parcels 1902 cmpt set used | |
2 Bids | US $18.50 | 9h 15m |
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BERLIN MNH USED Mi 115 879 Collection ca €4500 Value | |
0 Bid | US $191.66 | 9h 43m |
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dinosaur question and answer book used but good value | |
0 Bid | US $1.53 | 9h 44m |
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Italy high value stamp Victor Emanuel 1863 USED | |
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US $17.00 | 9h 46m |
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NORWAY COLLECTION USED HIGH VALUE | |
0 Bid | US $100.00 | 10h 27m |
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QV KGV JAMAICA HIGH VALUE JUDICIALS USED | |
0 Bid | US $15.42 | 10h 36m |
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Greece High Value Stamps x 15 Used New LK Very Nice | |
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US $26.99 | 10h 49m |
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THURN UND TAXIS LOT USED HIGH VALUE | |
0 Bid | US $24.99 | 11h 10m |
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India Bird Golden Eagle 25 Used Stamps Cat Value £ 50 | |
US $19.32 | 11h 27m |
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GREECE LOT HERMES HEAD 1861 95 HIGH VALUE USED | |
0 Bid | US $49.99 | 11h 29m |
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INDIA FOUR ANNAS 1855 SG 21 STAMP HIGH VALUE USED | |
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US $500.00 | 11h 59m |
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14 High Value Stamps $1 $2 Priority Used | |
0 Bid | US $.99 | 12h 14m |
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HONG KONG FOUR HIGH VALUE STAMPS Mi400 403 USED | |
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US $12.00 | 12h 18m |
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EGYPT SC 92 103 MH 103 IS USED CAT VALUE $10340 | |
2 Bids | US $13.49 | 12h 36m |
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EGYPT 1920 REGUSED PSTENVELOPE MISSING VALUE | |
0 Bid | US $8.88 | 12h 40m |
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India 1911 KGV 25R value Used | |
1 Bid | US $1.53 | 12h 48m |
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GERMANY SC 2 USED CAT VALUE $2750 | |
1 Bid | US $2.99 | 12h 55m |
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GERMANY SC 4 USED CAT VALUE $550 | |
0 Bid | US $.99 | 12h 55m |
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GERMANY SC 8 USED CAT VALUE $15000 | |
1 Bid | US $19.99 | 12h 57m |
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Stamps Jersey S5b usedHigh SG Value see pic for Page | |
0 Bid | US $4.62 | 12h 58m |
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GERMANY SC 9 USED CAT VALUE $1150 | |
1 Bid | US $1.99 | 12h 59m |
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GERMANY SC 10 USED CAT VALUE $9250 | |
0 Bid | US $12.99 | 13h |
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GERMANY SC 14 USED CAT VALUE $8250 | |
0 Bid | US $11.99 | 13h 2m |
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GERMANY SC 15 USED CAT VALUE $1250 | |
3 Bids | US $2.51 | 13h 3m |
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GERMANY SC 16 18 23 USED CAT VALUE $1340 | |
1 Bid | US $1.99 | 13h 4m |
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GERMANY SC 19 USED CAT VALUE $5500 | |
0 Bid | US $6.99 | 13h 6m |
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GERMANY SC 20 USED CAT VALUE $2900 | |
0 Bid | US $3.99 | 13h 7m |
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Banner Value Beam Model SM2A912LVQD Used | |
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US $69.00 | 13h 8m |
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CASTLES £200 VALUE X 10 FINE USED | |
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US $2.32 | 13h 8m |
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Never Seen 2264b gutter pane used no catalog value | |
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US $21.00 | 13h 17m |
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GERMANY SCB34 37 MH USED CAT VALUE $2750 | |
0 Bid | US $3.99 | 13h 20m |
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MEXICO SC146 USED CAT VALUE $800 | |
0 Bid | US $.99 | 13h 29m |
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MEXICO SC147 USED CAT VALUE $800 | |
0 Bid | US $.99 | 13h 30m |
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MEXICO SC148 USED CAT VALUE $4000 | |
1 Bid | US $4.99 | 13h 31m |
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MEXICO SC184 189 USED MH CAT VALUE $3970 | |
2 Bids | US $5.45 | 13h 36m |
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MONACO SC 20 USED CAT VALUE $3250 | |
0 Bid | US $2.99 | 13h 38m |
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Authentic SCOTTIE PIPPEN BULL Game Used Floor Value $20 | |
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US $10.00 | 13h 39m |
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Authentic DAVID ROBINSON SPUR Game Used Floor Value $15 | |
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US $7.00 | 13h 39m |
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Netherlands 36 Used Numeral of Value | |
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US $1.00 | 13h 43m |
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MONACO SC 96 USED CAT VALUE $900 | |
1 Bid | US $.99 | 13h 47m |
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Authentic ALLAN HOUSTON KNICK Game Used Floor Value $10 | |
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US $4.00 | 13h 48m |
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Authentic MIKE MILLER MAGIC Game Used Floor Value $10 | |
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US $4.00 | 13h 48m |
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Authentic DESMOND MASON SONIC Game Used Floor Value $10 | |
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US $4.00 | 13h 48m |
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Iceland High Value 12 Different Used F VF | |
2 Bids | US $1.75 | 13h 49m |
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Authentic ANDRE MILLER CAVS Game Used Floor Value $10 | |
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US $4.00 | 13h 50m |
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Authentic EDDIE JONES HEAT Game Used Floor Value $10 | |
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US $4.00 | 13h 50m |
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AUSTRIA DUES LOT MINT USED CAT VALUE $3580 | |
1 Bid | US $3.99 | 13h 54m |
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AUSTRIA BOB LOT MINT USED CAT VALUE $5240 | |
1 Bid | US $4.99 | 13h 54m |
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Authentic STEPHON MARBUY NETS Game Used Floor Value $10 | |
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US $4.00 | 13h 54m |
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PORTUGAL LOT 1940 1950 MINT USED CAT VALUE $6140 | |
0 Bid | US $5.99 | 13h 55m |
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China 1923 Junks to $500 value mint used very nice | |
4 Bids | US $6.51 | 13h 56m |
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GERMANY PRUSSIA STATE SCOTT 61sg VALUE ROSE USED | |
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US $24.39 | 13h 58m |
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SWITZERLAND 1952 Telecom KEY VALUE used SG 535 £9 | |
0 Bid | US $1.53 | 14h 2m |
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Canada Scott 1084a Used 13 units La Mauricie High Value | |
0 Bid | US $.99 | 14h 11m |
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MAURITIUS SCOTT 37 6p VALUE 1865 QV ISSUE USED | |
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US $4.99 | 14h 18m |
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INDIA GANDHI 1948 4 VALUE STAMPS FINE USEDHIGH CAT | |
US $96.58 | 14h 18m |
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5 INDIA STAMPS 1 3 cat value1944 USED IN MUSCATMINT | |
0 Bid | US $3.07 | 14h 20m |
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MAURITIUS SCOTT 37a6p VALUE QV YEL GRN COLOR USED | |
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US $11.20 | 14h 20m |
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GVI HIGH VALUE RS 5 STAMP USED VP TO MAHARAJA DEWAS JR | |
US $107.31 | 14h 21m |
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SRI LANKA EARLY STAMPS Used Good Cat Value WERT | |
0 Bid | US $24.44 | 14h 27m |
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BARBADOS 127 132 Used 16 20 Seahorse to 3d value $40 | |
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US $22.50 | 14h 28m |
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BAHAMAS 100 112 Used 38 51 KGVI to 5sh value $4755 | |
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US $27.50 | 14h 30m |
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MAURITIUS SCOTT 40 1 VALUE QV 1870 ISS BLUE USED | |
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US $19.25 | 15h 3m |
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MAURITIUS SCOTT 39 1 VALUE QV 1864 ISSUE USED | |
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US $19.99 | 15h 5m |
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GB QUEEN ELIZABETH FINE USED HIGH VALUE SET 4 | |
0 Bid | US $3.07 | 15h 9m |
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C7 9 1926 1927 Airmail Map Set Used Cat Value $485 | |
0 Bid | US $.99 | 15h 10m |
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NEWFOUNDLAND SCOTT 131 1344 1234c VALUE USED | |
0 Bid | US $.99 | 15h 11m |
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34 used Australian Antarctic Territory with HIGH VALUE | |
4 Bids | US $2.98 | 15h 15m |
Vending machine value determined by much more than cost
The valuation of vending machine equipment is based on several factors:
1. Storage value
2. Collector's value
3. Scrap value
4. Parts value
5. Operational value
6. Market value
In trying to value machines, each of these valuations is significant.
1. Storage value: Machines in storage are generally considered liabilities, and they cost you money each month. Even if you store the machines in your garage, they're taking space that could be used for something else (like your car), which leaves them a liability.
2. Collector's value: If you have an extremely old vending machine, you might have a piece of equipment that is collectable. The most notable examples are rounded top soda machines. These machines were made in the 1950s, and are examples of the initial entry into the cold drink vending era. They were usually purchased by bottling companies and painted with a brand of soda (Coke, Pepsi, Crush, etc.). They were usually single-selection (one flavor) and operated with primitive coin acceptance. Snack machines are much the same; they were usually a mechanical vend process with primitive coin acceptance. To be valuable, they need to be working and in pristine condition. Few of these machines still exist; just because a machine is old does not mean it is valuable.
3. Scrap value: All old vending equipment has a scrap value, if nothing else. Scrap is the lowest value available and is calculated by weight. Because vending machines are generally made of steel, they're heavy. The scrap value of steel fluctuates frequently, based on world demand. Scrap value is best figured by calling a local shredding facility that deals in scrap metal. Make sure to figure in the cost of transportation, as this figure can make it unprofitable to scrap machines. I personally use a local man who takes a truck and trailer load (pickup with a flatbed trailer) to the scrap yard; for his efforts, he keeps the revenue. Unless the value of steel is extremely high, we do not generate revenue from this process, but at no cost, we remove junk from our facility. We do not "junk" a machine until we have used all the available parts.
4. Parts value: Old vending equipment also has salvage value in the form of parts. The cost of replacing individual parts from vending machines can often be recouped by scrapping parts from other machines. Replacement parts can be costly and requires time to obtain. If you have a compromised machine, the parts value can far exceed the machine value. Vend motors, compressors, switches, computer boards, changers, validators, spirals, coin chutes, glass, etc., are all available if you salvage the machine. Our company has purchased machines (usually one that's been vandalized) intending to use it strictly for parts. Repair parts are immediately available at a reduced cost. For example, snack machines have 30 to 40 selections, which means 30 to 40 vend motors and spirals. New vend motors start at $10, spirals at $5 - so one machine yields $600 worth of motors and spirals. The glass is worth $50; trays are worth $15. Nuts, bolts, specialty parts have some value. Changers and validators are worth $50 each. If you have the need, the parts value can add up quickly.
5. Operational value: Vending machines on location develop cash flow; they produce cash for your operation. The amount of cash generated depends upon the location, but if placed properly, one can expect positive cash flow from vending machines. The operational value is the amount of single net cash flow that can be generated by the vending machine in 9 months. Single net cash flow is the total revenue minus the cost of goods sold. Let's do the math: Account A: $400 per month gross sales
$50 Cost of goods sold (100% margin)
Single net cash flow
9 Months
Equipment Value
$400 - $200 = $200 x 9 months = $1800 equipment value
This formula is a quick guide to equipment placement. If you can accurately forecast your sales, you can determine how much to spend on equipment. Your goal should be to violate this formula by spending less on your equipment. This will make your accounts more profitable.
6. Market value: Market value is the amount of money you will pay for a machine in the open market. Market value falls into two categories: new and used. New values for vending machines are determined by the manufacturer and sales organization. Like all value, the value of new vending machines depends on options, name brand, warranty, reliability, standardization, versatility, and so forth. Not all vending machines are created equal; some brands have features that are superior to others, and it is critical that the dealer stands behind that equipment and honors his warranties. Used equipment can be purchased several ways - through want ads, vending companies going out of business or updating equipment, and from dealers. Used values are determined by many of the same factors, but also include the seller's motivation to move the equipment.
When choosing a vending machine dealer, remember that your dealer will become your unofficial partner in the vending machine business. A good dealer will have a solid business record (dealers that have run vending machine companies are preferred), should be honest, and have a list of satisfied (and dissatisfied) customers you can call. A quality dealer will carry several lines of new equipment and have a service and refurbishment department for used equipment. Most quality dealers offer several levels of refurbished used equipment to help you best meet your needs. They usually have some type of financing available, as well. Shop your rates and terms, because vending equipment is very difficult to finance; ask your accountant for your best finance solution. The dealer's service staff should be available by telephone for quick suggestions on repair. They should have delivery services. Generally, a quality dealer has the ability to help you with all facets of your business and should be able to guide your decisions in an unbiased way. Of course this all comes with a cost: most quality dealers will be slightly more expensive than their competitors.
Keep in mind, though, that you don't want to be "penny wise and pound foolish," as the old saying goes. The added initial cost of your equipment will be overcome by the added service you will receive, and avoiding one simple mistake can generate thousands of dollars in added income. Use your dealer as a source of information and capitalize on that information.
About the Author
Joe Nichols is the second-generation owner of A & M Vending Machine Sales, a family owned and operated business, for over 40 years. A & M Vending Machine Sales ships vending machines all around the world.