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Does
the PGA.com Value Guide value collectible golf clubs?
No. As the National Standard Resource
for used golf club values, the purpose of the PGA.com
Value Guide is to serve as a resource for the value
of "practical", used golf clubs in the
secondary market, and not to serve as a resource
for the value of collectible golf clubs. Practical
used golf club models are bought and sold more regularly
in the secondary market (typically for use), and
therefore exhibit more statistically significant
and less volatile fair market values. Golf club
models that are classified as collectible may have
been intentionally produced in low quantities or
designed to commemorate an important event, person
or accomplishment, both of which would inflate the
value of the golf club. These golf
clubs may not be typically purchased for use. Also,
some older golf clubs become more valuable as a
result of their age, rarity or antique status. In
these instances where golf club models are classified
as collectible, the PGA.com Value Guide does not
provide golf club value statistics.
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Why
does the PGA support The PGA.com Value Guide?
The PGA of America - the foremost
organization in golf comprised of more than 28,000
men and women PGA Professionals dedicated to growing
the game of golf, recognizes The PGA.com
Value Guide as an important tool and resource
for its membership and for golfers. The PGA recognizes
that a credible and continually updated national
golf club value guide is a key influencer toward making
a more efficient secondary golf club market, and
thereby contributes to lowering the affordability
barrier to entry into golf, effectively bringing
more golfers to the game.
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What is eBay's role in
The PGA.com Value Guide?
eBay provides the
"completed auction price data" that The PGA.com
Value Guide uses in it's proprietary analytical
engine. Once analyzed, this data (which represents
the sale price of virtually every single golf club
transaction on eBay) provides a unique window into
the secondary golf club market. Since eBay is the
largest, fastest growing, and most product diverse
marketplace for used golf clubs, it provides the
most powerful source for market values of used golf
clubs. eBay contributes to, and supports, The
PGA.com Value Guide as a resource for its more
than 85 million registered users.
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How does The PGA.com
Value Guide benefit golfers?
The PGA.com
Value Guide provides credible and continually-updated
values for thousands of golf club models, and therefore
is a great source for consumers planning on trading-in,
buying or selling a used golf club. Empowered with
this information, golfers can be confident they
are getting a fair deal.
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How
does The PGA.com Value Guide benefit golf retailers?
Most importantly,
it provides a resource for assigning a value to
a used golf club trade-in! The PGA.com Value Guide eases the processes
of trading-in, buying and selling used golf clubs.
For retailers taking trade-ins, The PGA.com Value
Guide serves as a "safety net" by allowing the
retailer to confidently assess and assign values
when accepting a used golf club trade-in. This information can
also aid the retailer when liquidating or re-selling
the used golf clubs that have been traded-in.
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Are
golf retailers obligated to give the used golf club Trade-In values
found in The PGA.com Value Guide?
While The PGA.com
Value Guide was conceived and developed to fill
a need in the golf club market for a National Standard
Source for used golf club values, golf club pricing is
not dictated by the PGA.com Value Guide. Retailers are not
obligated to honor the Trade-In values, or assign
the Re-Sale values, shown in The PGA.com Value
Guide as retailers may find specific circumstances
in their business and market, or their personal
judgment on the physical condition of a golf club,
will determine a different value for a used golf
club.
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What is the
difference between golf club Trade-In and Re-Sale values?
The PGA.com Value Guide provides both Re-Sale
and Trade-In values to meet the needs of those
who are buying and selling golf clubs, as well
as those involved in trading-in golf clubs toward
new golf club purchases.
The Re-Sale value is the price for which a golfer
or retailer may reasonably expect to sell a used golf
club(s) privately or through a retail shop. The
Re-Sale value applies to both the on-line and
off-line retail environments.
The Trade-In value represents the price a golfer can expect
to receive in credit from a retailer toward the
purchase of another golf club. The retailer would
then probably either re-sell or liquidate the
golf club trade-in (just like in the automobile industry!)
The golf club Trade-In values provided in the PGA.com
Value Guide are not eBay Statistics.
note: The PGA.com Value Guide provides
additional information about the number of transactions
on which a golf club value is based, as well as the most
recent transaction date. These additional pieces
of continually updated information contribute
to the confidence level and accuracy of the golf club value
range.
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Why are three Re-Sale and Trade-In values given
for each golf club?
High, Mid, and Low values are
included to provide a range in which a used golf
club may be confidently valued. Other factors, including
condition (a very important factor!), must be taken
into account when determining the final value of
a particular used golf club.
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Why
are there no values shown for my golf club?
In
the unlikely event that values do not appear for
a golf club in The PGA.com Value Guide,
a minimum quantity of transactions for the specific
golf club model may not have occurred within The
PGA.com Value Guide's analysis window. In order
to maintain accuracy, and therefore uphold credibility
in the values, a minimum quantity of "recent"
historical data is required within the PGA.com Value
Guide's statistical analysis model. Please note,
this does not necessarily mean the golf club has
no value!
note:
The PGA.com Value Guide provides additional
information about the number of transactions on
which a value is based, as well as the most recent
transaction date. These additional pieces of continually
updated information contribute to the confidence
level and accuracy of the value range.
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Where can I trade-in my used golf clubs?
The PGA Trade-In Network, a product
of the same industry collaboration that created
The PGA.com Value Guide, provides a zip-code-driven dealer locator on the PGA.com Value Guide for consumers to find authorized
PGA Trade-In Network locations nearest them. These are golf club retail facilities that accept golf club trade-ins
and employ PGA Professionals. Soon, the PGA Trade-In Network will also offer consumers the ability trade-in their used golf clubs directly on-line for either credit redeemable at authorized PGA Trade-In Network locations, or for cash.
In the meantime, ask your local
PGA Professional about trading-in your used golf
clubs toward new.
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Does golf club condition
affect value?
YES!
Condition is one of several factors that contributes
to the overall value of a used golf club. This
is true in both the Trade-In and the Re-Sale environments.
Naturally a golf club that is in nearly new condition
would tend to yield a higher price than a golf
club that has clearly been used for several seasons.
Further, a golf club that has been abused or damaged
has little, if any, value in the secondary market.
Other
factors that affect golf club value are harder
to quantify, and are more subjective in nature.
For example, a busy shop selling new and used
golf clubs for 20 years with a nicely appointed
showroom and a reputation for outstanding customer
service could most likely sell the same golf club
for more money than many of its competitors. This
in turn may allow that shop to offer higher golf club Trade-In
values as well. Of course, each situation is unique,
but these, and other fundamental market dynamics
(in addition to condition), all contribute to
a golf club's overall value.
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