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Red Book...

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Author Previous TopicReplies: 24 / Views: 3,391Next Topic Page 2 of 2
Pillar of the Community
United States
4000 Posts
 Posted 03/27/2011  11:37 pm  Show Profile   Bookmark this reply Add Scooby Due to your friends list
LOL! That's funny.

I just PM'd her and asked her if she was going to do that again this year!
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 Posted 03/28/2011  12:05 am  Show Profile   Bookmark this reply Add Coinstar to your friends list
I love my "Large print edition"
Retired USAF 1983-2003
Rest in Peace
United States
9104 Posts
 Posted 03/28/2011  03:48 am  Show Profile   Bookmark this reply Add biggfredd to your friends list
I was at ANACS one day and noticed their RB. I think it was 1985 edition. Then it dawned on me that they didn't need current prices.
Bedrock of the Community
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20753 Posts
 Posted 03/28/2011  11:32 am  Show Profile   Bookmark this reply Add just carl to your friends list

Quote:
And yeah.... most numismatists NEVER use the RedBook for "values"...(or I should say that it's ignored, anyway).it's only used for all of the "other" information contained therein. And for that....it's quite valuable and handy ! ...

Not completely true. I always recommend for approximate values to purchase a Red Book a few years old. Not exactly accurate but the Red Book prices are usually about 20+% over so a few year old version becomes fairly accurate.
And for values if you have a coin show near you, might find them cheaper than anywhere else. So far I've been able to get any of them for $10 each. Regardless of hard cover, ringed version, etc. Not sure about the large lettered one.

Quote:
It seems to me the Red Book is outdated by the time it prints and the values are not necessarily typical of what you could purchase online.

Not really except for prices. The basic information about all ocins is probably the most accurate anywhere. There is a large staff varifying all info at Whitman for that book. And if you find errors in that book and send to them, sometimes you get a free something or other for you efforts. I did.
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 Posted 03/28/2011  11:53 am  Show Profile   Bookmark this reply Add carmykle to your friends list
They come in large print? I'd love to read any book again without my bifocals. Looks like I'm going on line again!
Valued Member
United States
163 Posts
 Posted 03/29/2011  08:57 am  Show Profile   Bookmark this reply Add Manuel to your friends list
The way I understand it is that the Red Book is what you (the coin buyer) will pay for. The Blue Book is what the dealer will pay if you try to sell a coin to them. Whenever I'm trying to figure out prices on what a coin is worth, I usually divide the value listed in the Red Book by two or three.
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 Posted 03/29/2011  09:45 am  Show Profile   Bookmark this reply Add Coinstar to your friends list
yes the large print has the spiral bound so it lays flat
Retired USAF 1983-2003
Rest in Peace
United States
9104 Posts
 Posted 03/29/2011  10:03 am  Show Profile   Bookmark this reply Add biggfredd to your friends list
There are also errors in any book. Years ago, someone offered to pay bluebook price for any coins. I sent him a couple hundred dollars of low-grade early copper.

He honored his offer, but also mentioned that he must have bought all the g- copper in the world, and would have to rethink his strategy. :)
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1817 Posts
 Posted 03/29/2011  12:16 pm  Show Profile   Bookmark this reply Add Bizybackson to your friends list
The RedBook is great for being reminded of what's out there, mintages, the "ballpark" value, and it's organized in such a way that's easy to use, since I've had various versions of it for nearly 40 years. I want the 2012 edition to be an e-Book so I can download it to my iPad, and be able to switch between my want list and the e-reader in a discreet way when I'm at coin shows!
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United States
20753 Posts
 Posted 03/29/2011  12:53 pm  Show Profile   Bookmark this reply Add just carl to your friends list
Whitman constantly adds all kinds of new versions to the Red Book. Might be from customers suggestions. I know I sure send them lots of suggestions and when I find an error, I let them know that too. So far I got one free book and several pages for Albums from them free.
If you go to the Whitman Web site you will see they now have the 2nd edition of the Professional version, spiral bound, 8-1/2" x 11" for $29.95. That is also the list price on the Large Print spital version too. They still list the hard cover and the standard size spiral version too. All now shown on their web site for 2012 edition. I'll still wait to see how much they cost at the coin shows.
I'd like to try that so called Professional edition too.
Bedrock of the Community
United States
17884 Posts
 Posted 03/29/2011  3:19 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list
And for the real RedBook collector freak there is the Braille version (Yes it exists, but they only printed one copy I believe.) And of course there's the leather bound version.
Valued Member
United States
277 Posts
 Posted 03/30/2011  07:57 am  Show Profile   Bookmark this reply Add wolverine to your friends list
Of all the Red Book has to offer I find myself using it for coin prices less often than anything else. Mintage, history, reference I find to be more valuable than the list price of coins.
Like anything else its a guide. If a coin lists for $100 a dealer would probably pay $30-$50, while a collector needing to finish off a set would pay $100+. I also use the Blue Book for pricing, I feel it gives me an advantage when negotiating with dealers and even other collectors.
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326 Posts
 Posted 03/30/2011  08:35 am  Show Profile   Bookmark this reply Add tamshowoff to your friends list
I agree with most everyone here. I've been using RedBook for at least 50 years but mostly as an information guide not for pricing. The way the market changes daily the only way to keep up with current prices is live on line stuff like auctions and trades.
Valued Member
United States
277 Posts
 Posted 04/02/2011  12:04 am  Show Profile   Bookmark this reply Add rkrj to your friends list
So other than market value how do people check prices?
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 Posted 04/02/2011  12:13 am  Show Profile   Bookmark this reply Add Scooby Due to your friends list

Quote:
So other than market value how do people check prices?


They holler "Price check on 6!". Just kidding!

Closed ebay auctions (only sold) is one way to get realistic prices of what the market is willing to pay.

Another widely used "price guide" is the greysheet. You can download current price sheets for about $4.
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