There is no one source to determine what your knife is worth. As a knife dealer and collector It is part of my job to determine the value of knives and from my experience value can only be determined within a range and based on many variables.
I’ve been buying, selling and collecting knives for quite a while and there are some knives that I can look at and say “I have bought and sold this model of knife, same age, same condition 5 times and got between $200-$300″. That gives me a pretty good “real world” idea that under most circumstances I will get something within that range.
There are many more knives that I have had little or no personal experience selling that I need to research. In doing this I have found that there is no fail safe method to determining a knifes exact value.
Price guides are the most common way to get a basic idea of value and many of them are good. I use them on a regular basis. But there are some problems with price guides that can make them less than accurate.
First, a PG should be based on auction results and their own personal history of sales, and authored a person or persons who are objective.
The PG should also be up to date. A price guide that is 20 years old does not tell you about current trends in collecting that are based on auction results and cannot tell you how much a given knife has improved (or declined) in value.
Second, a knife is worth what someone is willing to pay for it – period. PGs are just that - “guides” and can never ultimately determine what someone will pay for a knife. I can’t tell you how many times I have been to knife shows and seen a yellowed tag that has been on a knife for 10 years with a price in line with a price guide.
The approach that I have come up with is to use a combination of resources to get a good idea of what a given knife is worth. Here are the resources that I use:
Price Guides, Ebay closed auction results, other on-line auction results from auction houses, personal experience with previous sales and most importantly associates with experience in specific types of knives.
There is always someone out there who knows more about a specific knife than I do and making friends with other collectors and dealers with expertise is the single most important resources in determining a knifes value.
There are some really good forums out there as well that are full of individuals who love knives and have accumulated a life time of experience with them.
Next time I will go more into depth on my personal approach.
Thanks for the read!
Chris Hyde