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How Often To Update Red Book?

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First Page  Showing last 15 replies.
Author Previous TopicReplies: 23 / Views: 4,192Next Topic Page 2 of 2
Bedrock of the Community
Australia
21788 Posts
 Posted 06/01/2019  6:42 pm  Show Profile   Bookmark this reply Add sel_69l to your friends list
My RedBook is a 2012 edition, still perfectly OK for my purposes.
If I need more up to date information on prices, I do a keyboard search, which happens only rarely.
Bedrock of the Community
13014 Posts
 Posted 06/01/2019  7:03 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list

Quote:
I know many of you dont use the Red Book because it relays typically high retail prices for coins that you shouldn't necessarily expect your coins to command.


As far as using it for pricing that really isn't the issue, the biggest issue is that by the time it's printed it's already outdated. Price guides can and do change and a once a year publication that only covers certain grades, ignores graded vs raw, ignores grading company, ignores CAC or not if applicable etc is just not accurate enough for numismatic pricing to really be concerned about it.

One of the hardest things a collector needs to learn is when to go over guides as the best coins almost always sell for more. Simply being more expensive doesn't necessarily mean better, but if you end up being a slave to the price guides there are many areas where the best pieces will pass one by.

That said the only real reason I see to update a RedBook is to get one that has the new modern coin information. Pretty much anything post 2010 I would say is good enough for a quite a while but if someone really wanted the ultra modern info in it than probably every 3 to 5 years unless they enjoy getting them every year. I like ultra modern coins myself, but it's easy enough to find the same info on the internet and save the money on the book
Bedrock of the Community
United States
94367 Posts
 Posted 06/01/2019  7:25 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list
The new Red Book each year is hardly the much-anticipated event it was when I was young. I refer to a 2012 edition once in awhile for mintages or background info, but that's about it - can't imagine buying another. The MEGA RED is a different story - only have one, but browse through it often.
Pillar of the Community
United States
789 Posts
 Posted 06/01/2019  10:00 pm  Show Profile   Bookmark this reply Add joecoin to your friends list
So how does the Mega Red Book compare to Breens Encyclopedia. Yeah, I know Breens is from 1988, but how does the format compare to the Mega RB?


I've never seen a Mega.
Bedrock of the Community
13014 Posts
 Posted 06/01/2019  10:07 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list

Quote:
So how does the Mega Red Book compare to Breens Encyclopedia.


I would buy anything Mega Red Book over anything Breen 200 times out of a 100.

At least with the Red Book you don't have to worry about made up stories and I will never buy anything with Breens name on it from what he did to children
Moderator
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United States
189340 Posts
 Posted 06/01/2019  11:30 pm  Show Profile   Bookmark this reply Add jbuck to your friends list
My newest is 2014.

My next one will probably be a Mega Red.
Pillar of the Community
United States
789 Posts
 Posted 06/02/2019  06:11 am  Show Profile   Bookmark this reply Add joecoin to your friends list

Quote:
At least with the Red Book you don't have to worry about made up stories and I will never buy anything with Breens name on it from what he did to children



So I take it you don't own a Bible.
Valued Member
United States
287 Posts
 Posted 06/02/2019  11:19 am  Show Profile   Bookmark this reply Add YourGeorgiaPeach to your friends list
My latest copy is a 2016 Standard Edition spiral bound Red Book, don't see myself updating it until maybe 2024/25. For anyone interested in the latest coin releases and market price fluctuations you always have the internet, but 8-10 years between books seems like a reasonable span of time to wait for updating.

Might hold out past 2026 though in case the Mint does something crazy for the US Semiquincentennial
YGP
Edited by YourGeorgiaPeach
06/02/2019 11:25 am
Pillar of the Community
United States
574 Posts
 Posted 06/02/2019  11:40 am  Show Profile   Bookmark this reply Add HGK3 to your friends list
"Semiquincentennial"

Great word!

5 points to Gryffindor for even knowing that's a real word.

Edited by HGK3
06/02/2019 11:58 am
Valued Member
United States
309 Posts
 Posted 06/02/2019  11:44 am  Show Profile   Bookmark this reply Add Singer to your friends list

Quote:
My next one will probably be a Mega Red.


Yes, especially as my eyes get older...
Pillar of the Community
United States
772 Posts
 Posted 06/02/2019  1:42 pm  Show Profile   Bookmark this reply Add ty88ty2 to your friends list
I've got the 2019 Red Book currently. I don't see a need to get a new anytime in the near future.
Pillar of the Community
United States
3486 Posts
 Posted 06/02/2019  2:29 pm  Show Profile   Bookmark this reply Add matthewvincent to your friends list
The Red Book belongs to another age.
Before the Internet print media was the only source for information about coins. This helps explain the lack of a need to update every year.
As for myself, I like the feel of a hardbound edition
and would not be happy with a spiral bound.
But each to his or her own taste.
Bedrock of the Community
Learn More...
United States
12845 Posts
 Posted 06/02/2019  3:52 pm  Show Profile   Bookmark this reply Add CelticKnot to your friends list
I picked up the 2019 edition from Hobby Lobby (with coupon) a couple weeks back. I had skipped 2018. I have the inaugural Mega Red as well as several editions going back to 2010. I don't know why I typically buy the annual edition when one every 5 years would do. On the other hand, the Mega is probably worth picking up annually for the special sections. I mentioned in another thread I probably will when they start focusing on half dollar and dollar coins.
Pillar of the Community
United States
5825 Posts
 Posted 06/02/2019  4:06 pm  Show Profile   Bookmark this reply Add kanga to your friends list
I get a new one about every 5 years.
And I get the small spiral bound type.
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United States
189340 Posts
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