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 Replies: 20 / Views: 3,003 |
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Bedrock of the Community
United States
36880 Posts |
Red Book is good for general information but pricing information is outdated by the time the book is released. Best place for up to date pricing is the internet and for wholesale prices "The Grey Sheet".
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Pillar of the Community
United States
797 Posts |
I only use a RedBook for some general info regarding coins (mintage numbers, pictures, mint marks, some grading clues, etc...). I rarely, if ever, use it for pricing. I still have the 2010 RedBook and am in no hurry to get a new one. Greysheets (CDN), completed ebay auctions, and numismedia are my choices for estimating a value. Edited by spaceace
01/09/2013 12:40 pm
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Pillar of the Community
United States
3283 Posts |
I use RedBook to convince my wife that the coins I buy are a good deal.:) It doubles as an inventory source. |
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Moderator
 United States
189767 Posts |
Quote: I use numismedia and ebay completed sales for prices. RedBook is a good reference for coins not covered there but I've found their prices are almost always high  |
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Bedrock of the Community
Canada
10743 Posts |
Quote:I use RedBook to convince my wife that the coins I buy are a good deal.:)  |
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Valued Member
 United States
455 Posts |
Thanks for all the comments everyone. I was initially using it as my primary source and I quickly realized that wasn't a good strategy  I probably need to have the grey sheet available but I don't want to commit to the funds at this time...even though it could pay for itself after just a few bad coin deals  Edited by Kurrykid
01/09/2013 4:19 pm
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Pillar of the Community
United States
615 Posts |
I only use the Red Book as a reference tool - mintage and so forth. The prices are not very close to what people are willing to pay - the real indicator of value. |
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Pillar of the Community
Russian Federation
5178 Posts |
I tend to either use Numismedia or ask more knowledgeable people. And all too often, I know I might never see another coin of this type, so I buy even if it's at double normal price. Unrelatedly (well somewhat relatedly as it's also about paying for coins)... HippieOutcast, did you by any chance receive my email?  |
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Pillar of the Community
Canada
2781 Posts |
take the Red Book, charltons, or any other "price guide" and cut their numbers in half 'cause if you need to sell that's about what you are going to get for it. as others have said, the books are good reference to determine a key date etc, but the number are pure fluff. ebay completed auctions is probably the most realistic 'true value' (for just about anything) |
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Valued Member
United States
455 Posts |
Quote:take the Red Book, charltons, or any other "price guide" and cut their numbers in half 'cause if you need to sell that's about what you are going to get for it. It seems to me that most of the ebay auctions I see (I've been mostly checking out Morgans) have the Buy It Now price right at the Red Book price. It's not to say they always get that much buts that's what they're trying to get. Dave |
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Bedrock of the Community
United States
19972 Posts |
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Valued Member
United States
386 Posts |
I don't even like The Red Book anymore. Seems to me it was a lot better. It no longer tells how much silver is in a coin, for example, and the pictures are lousy. A few months back baseball21 steered me to Numismedia and I'm happy using it as a guide. Buy a silver round with the Red Book money. You'll have something. |
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Bedrock of the Community
13014 Posts |
Quote:It seems to me that most of the ebay auctions I see (I've been mostly checking out Morgans) have the Buy It Now price right at the Red Book price. It's not to say they always get that much buts that's what they're trying to get. ebay is the one venue where you actually can generally get the same prices dealers would, sometimes more, reselling a coin as opposed to being boxed into the grey sheet bid prices |
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Valued Member
United States
280 Posts |
I would average the two prices and go on that, especially if there was a large difference.
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Bedrock of the Community
United States
10047 Posts |
Although I have used the Red Book for an in-hand listing of mintages and for the reading material in it, O was soured on its price listings form the start. Back in the early 70s I got my first copy. When I found the reality of the situation was the standard pricing book made me, as a kid, think I had a lot more value than what I did, I was not happy. Ever since then I never took the prices it quotes as being reality (and you can see others here pretty much agree). Sold ebay auctions probably help me the most when pricing. |
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Posted 01/09/2013 12:39 pm
