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What Is The Difference Between The Red And Blue Book.

 
 
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Pillar of the Community
645 Posts
 Posted 09/08/2019  5:59 pm Show Profile   Bookmark this topic Add ckrakowski to your friends list Get a Link to this Message
They both say Book of United States coins 2020 on the cover.

Is there a difference between them or are the the same book with just a different colored cover?

What is a mega Red Book?


Thanks for the help.
Pillar of the Community
United States
5368 Posts
 Posted 09/08/2019  6:12 pm  Show Profile   Check GrapeCollects's eBay Listings Bookmark this reply Add GrapeCollects to your friends list Get a Link to this Reply
Red Book = Retail
Blue book = Dealer Prices, ie what dealers may pay.
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Bedrock of the Community
United States
17351 Posts
 Posted 09/08/2019  7:10 pm  Show Profile   Bookmark this reply Add moxking to your friends list Get a Link to this Reply
Both books provide very basic prices, one for retail and one for dealer pricss (blue, as stated above).

But they are ONLY guides. Most common coins are priced too high in many areas.
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United States
3298 Posts
 Posted 09/08/2019  7:16 pm  Show Profile   Bookmark this reply Add BStrauss3 to your friends list Get a Link to this Reply
20%

The blue book is (theoretically) wholesale prices (dealer buy)
The Red Book is (theoretically) retail (FULL retail) prices (dealer sell)
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Bedrock of the Community
Australia
15872 Posts
 Posted 09/08/2019  7:37 pm  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
I only have the Red Book.
20% dealer margin seems to be very slim to my way of thinking, unless there is a good dealer prospect of immediate turnover.
I am a price cherry picker, and strictly a collector,
but I look for more like a 50 % margin, although I don't always achieve that. (Sometimes achieve much better)

I do however, look for bargains across the whole of numismatics, not just U.S. coins. The much wider numismatic horizon makes it far easier to find coins for my collection at opportunistic prices. Decades of experience helps.
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United States
41271 Posts
 Posted 09/08/2019  9:39 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
I think neither of them (value-wise) has much relevance in today's "just ask" online marketplace.
Edited by Coinfrog
09/08/2019 9:40 pm
Bedrock of the Community
Australia
15872 Posts
 Posted 09/09/2019  02:26 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
I would agree with that.
The collectors work out the prices between themselves.
The dealers just adjust their pricing strategy to suit.

Overall, a more honest and open marketplace.
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United States
1098 Posts
 Posted 09/09/2019  07:28 am  Show Profile   Bookmark this reply Add BadDog to your friends list Get a Link to this Reply

Quote:
What is a mega Red Book?

A much larger (both in size and page count) Red Book. It contains more detailed information about nearly every series of US coin and an in-depth section on a particular series (which is one way Whitman attempts to get you to purchase a new book every year).
Bedrock of the Community
United States
18551 Posts
 Posted 09/09/2019  09:32 am  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
Just remember that since either comes out yearly, they couldn't possibly know what the present market is. Just a couple of outdated guides.
just carl
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