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Are Red Book Prices Out Of Whack?

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Pillar of the Community
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 Posted 02/18/2010  2:08 pm  Show Profile   Bookmark this reply Add Halfwitty to your friends list
As soon as it comes to me I will get some photos and we can go from there.
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 Posted 02/18/2010  2:10 pm  Show Profile   Bookmark this reply Add steve199 to your friends list
Southern Gent,

As mentioned, it is just a guide. So are the other guides, such as the greysheet. For what it's worth, the greysheet shows lower prices than you mentioned for that grade range, because it is intended to be a wholesale guide.

You have to watch what they sell for (completed auctions on ha.com/ebay, and what dealers are asking for them) and decide what is a good deal for you.

Edited by steve199
02/18/2010 2:11 pm
Valued Member
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 Posted 02/18/2010  2:24 pm  Show Profile   Bookmark this reply Add southerngent to your friends list
I appreciate all of the input!
New Member
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 Posted 02/18/2010  4:23 pm  Show Profile   Bookmark this reply Add slickeast to your friends list
The RedBook is a coffee table book. The Gray Sheet is what you need to be using.
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 Posted 02/18/2010  4:38 pm  Show Profile   Bookmark this reply Add rustyboy to your friends list
I personally buy a Grey Sheet every few months, just to keep current...
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 Posted 02/18/2010  5:55 pm  Show Profile   Bookmark this reply Add MINT_MARQ to your friends list
As a side note to the discussion. Halfwitty will need to wait until you've been here long enough and have 50 quality posts to sell or make a deal. Forum rules.
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 Posted 02/18/2010  7:53 pm  Show Profile   Bookmark this reply Add 925dealer to your friends list
The RedBook is usually about 12-15 months behind as the 2010 book is published in the middle of 2009 and a lot can happen between the time the book prices are determined, the book printed and then distributed and sold. I will never buy or sell a coin based on current RedBook.

Greysheet is wholesale so that is not valid either. Use ebay to help determine values as well as the internet as a whole. Sincerely, John Leckrone
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 Posted 02/18/2010  8:00 pm  Show Profile   Bookmark this reply Add Halfwitty to your friends list
Mint. I have over 200 post and have been around over 15 days.I believe those are the rules.
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 Posted 02/18/2010  8:01 pm  Show Profile   Bookmark this reply Add afcop13 to your friends list
agree that internet sales results are a good way to measure current market conditions.
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 Posted 02/18/2010  8:09 pm  Show Profile   Bookmark this reply Add steve199 to your friends list

Quote:
Mint. I have over 200 post and have been around over 15 days.I believe those are the rules.


Halfwitty, you will have to wait until southerngent has 50 posts. :)
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 Posted 02/18/2010  8:13 pm  Show Profile   Bookmark this reply Add Halfwitty to your friends list
Oh. I see the problem. I was taken aback. hahahaha. Gotcha.
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 Posted 02/19/2010  08:44 am  Show Profile   Bookmark this reply Add trdhrdr007 to your friends list
We might need a rule clarification here. I was under the impression the rule applied to selling coins & that a qualified member could sell to unqualified members if they chose. I'm leery of selling to anyone that hasn't been around at least 6 months myself but can see that other sellers might have a different opinion.
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 Posted 02/19/2010  09:54 am  Show Profile   Bookmark this reply Add jbuck to your friends list
It goes both ways...


Quote:
You must have at least 50 quality* posts and have been a member for at least 14 days to post anything involving buying, selling, or trading. This applies to any forum at all, not just the Buy/Sell/Trade forums. Established members may not make any reference to a new member under 50 posts involving buying, selling or trading.
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19969 Posts
 Posted 02/19/2010  2:17 pm  Show Profile   Bookmark this reply Add BadThad to your friends list

Quote:
Should I consider signing up for getting the gray sheets? Would it be more accurate? I lake to have a really good idea of what the item I want to purchase is really worth. I don't mind paying a premium for a stellar coin but not a the sellers whim.


No need to sign up, just buy what you need alacart. I just buy the electronic monthly suppliment a few times a year for $3. It has all the prices I need (Lincolns).
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Pillar of the Community
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 Posted 02/24/2010  2:45 pm  Show Profile   Bookmark this reply Add Halfwitty to your friends list
Southerngent. Got that 31s back. Still interested?
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