Before I Begin Spending Money. - Page 2

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Author	Replies: 22 / Views: 3,666	Page: of 2

basebal21 Bedrock of the Community 13014 Posts	Posted 08/24/2012 1:49 pm Quote: Is the RedBook reliable? It seems the items I watch on ebay sell for more than my RedBook listing.?. Does that mean ebay buyers usually overpay? Is the RedBook value substantially different than the prices in the online PGCS $14 dollar a month database? Some ebay prices will be a tick high just because sellers lose 10-15% in ebay and paypal fees. That said I dunno about the Red Book prices and how accurate they are. I generally use http://www.numismedia.com/fmv/fmv.shtml and completed ebay listings because ebay actually shows what people are currently paying. Price guide can list FMVs all day long but is people arent paying it they arent paying it. Like carl said dont trust coin shops just because they say something. A lot of people say theyre the better place to go, and they may have great shops in their area, but that doesn't mean the shops around you will be great. Just because you own a store doesn't make you any better at anything or any more honest. At least with the internet you can price search when you find something and get an idea or research where in a shop youre kind of hung out to dry. Its an unfortunate reality but theres bad sellers everywhere, online, in person, at coin shows. It just comes with the territory. My local shops are over priced, so I do most of my dealings online and ebay in particular. Through ebay sales I've managed to build a relationship with a dealer in wyoming and one in fla who deal in different collections I'm working on and now when I see things I like they have I can get their off ebay prices and just deal directly with them or just ask them if they have something. A lot of it is a lot like buying a used car. No matter where you get it from the trick is to find the honest seller that isn't just blowing smoke up youre you know what Report this Post to the Staff
Andrew289 Valued Member United States 470 Posts	Posted 08/24/2012 5:44 pm Vela The Red Book is not a reliable pricing guide. It's good for pictures and information. Its a good read for anyone just starting out and it might turn you on to a coin series that you never knew existed. Learning to grade on your own and not rely on the number on the label is the most valuable skill a collector can arm himself with. It's your first and main line of defense and in some cases; offense. Cladking, As I stated in my third post, I didn't realize that all he wanted to buy were State Quarters until after I posted the first 2. When you take that fact into consideration, all my statements in my first two posts are true when you don't apply then to mint State Quarters. Thanks for keeping it honest in the forums and the State Quarter tutorial. Much appreciated. Report this Post to the Staff
ashtoncp20 New Member United States 17 Posts	Posted 08/24/2012 10:40 pm I just bought the Red Book edition of this year, and it has really helped me out as a beginner with understanding all the types of coins available. Report this Post to the Staff
ajpl677 New Member United Kingdom 21 Posts	Posted 12/27/2012 3:38 pm Hi, I have just bought 6 of 50 states sets by the Collectors Alliance on ebay. The CA sells these for $19.99 each and I picked them up for $10 the lot. They are nice little sets, all uc and 2 gold plated. So although they may be overpriced on their website, you can pick up a bargain. Andy Report this Post to the Staff
blackjack Valued Member United States 386 Posts	Posted 12/27/2012 4:38 pm I just have to add my opinion here, and without the intention of being offensive. Andrew289, you have some good advice, but I don't want the newbies to be jaded against all coin dealers and sellers. Yes, I have met some disrebutable coin dealers. We learn by our mistakes, no way around that one. So, newbies beware; be cautious. Still, I currently deal with a group of honest and helpful people in my local coin shop. They sell me coins at fair prices; never impose their likes on me, though they will advise/comment when I push them to do so; buy back anything they sell me; and they are a great resource. And I think that buying graded coins is a good strategy for those of us who cannot evaluate coins as well as the graders. And, in any case, PCGS- and NGC-graded coins have a standard market value that is good for both buyers and seller, and they offer protection against purchasing fraudulent coins. Report this Post to the Staff
Libertad Pillar of the Community Canada 3692 Posts	Posted 12/27/2012 5:17 pm Judge a dealer the way you judge a person in general. If they are rude and standoffish you'll do well to seek new friends. But also take advice lightly if they're in the position to sell you something. I often go to a certain tool shop and there's one clerk who constantly says I'm getting a good deal or that tool is great, blah blah, but then you go back for something different and you're more educated on the tool and he says the same thing - he's a trained parrot. At first it's helpful to be guided along, but as you learn things you will brush off the BS. So repeat visits may help you gauge a person better than a single viewing will. Also, be sure you're going to a coin place and not a bullion place or antique place. Although the latter two will sometimes have coins, they often have no idea what they have and when you tell them their coins are overpriced they look at you like you're a pirate with something gross growing from your face. They get really offended when you tell them that they're not in the coin business to set prices above retail, so just be kind and never lose your temper because they're judging you the same way you're judging them and nice deals come easier if you're not a tough customer to please - they come naturally because they genuinely like you - you can't really say that about a big coin store the way you can about your Mom'n'Pop where they know your face. Report this Post to the Staff
Fat Freddy Pillar of the Community United States 1200 Posts	Posted 12/27/2012 5:59 pm I'm not familiar with Collector's Alliance, so I don't know what to tell you there. ebay is something to be careful with. Occasional attractively priced "good deals" can be found but at the same time, horror stories abound and conspicuous scammers are not uncommon. Caution is required. Spend enough time reading through threads here and you'll find many such stories. I've made a number of satisfactory ebay purchases but when shopping there, I consider caution to be the order of the day. Report this Post to the Staff
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