The tale of two knife sales- Introduction

experimentLast week I ran a test- an experiment- to see the effect of a knife’s condition on its price.

What made this such a good test was it involved two identical knives, except for their condition. You know the commonly accepted condition grades- Mint, Near Mint, Excellent, Very Good, Good, etc.

Yes, I know we have resources to “tell us” what values should be, like dealer’s asking prices, price guides and previous results- all to help us know about values and the discounts off of Mint Condition to subtract, but when it comes to old pocket knives, for example, I’ve found prices and values all over the board and very subjective.

Because of this, I wanted to run a test and this week I’m going to tell you the tale of the sale of two knives. The two knives were both 100 years old and identical in pattern, era made, brand, handle material, method used to sell them and both were sold at the same time. It is rare to be able to have a controlled test with this many common factors.

So, if you are like me and wonder if there is any rhyme or reason as to how a knife is valued relative to its condition, then stay tuned.

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Published in: on March 24, 2009 at 5:24 am  Leave a Comment  
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