Descrepancy With Krause / Numismaster (Krause Online)1966 5c

A professional coin dealer friend of mine once referred to Krause pricing as akin to the product of a random number generator. Maybe a little too harsh.

I have all four of the Krause books covering the last four hundred years. They are an essential tool for the collector of World coins of this whole period.

I have a copy of 'Renniks Australian Coin and Banknote Values'. (Printed and published in Australia.) An uncirculated 1966 5 Cents is listed at $8.

If I were to buy one at a coin show, I would consider paying about $4 for an uncirculated example. As it turns out, I don't really collect Australian coins! I have but a few interesting ones only. Interestingly, there are far more U.S. coins in my collection than Aussie ones.

The differences in the exchange rate at this price level are negligible.

It's not a world coin. It's an Australian coin.

"world" coins being from the "world" coin catalog.

that being said, I have found other countries with similiar huge jumps in pricing between the 2010 and 2012 catalogs.

is this an accurate refelction of the hobby or an attempt to "fluff" the hobby?

i purge my collection now and then, trying not to keep anything under $5 (unless it has cool factor or is part of a set).

there is a substantial difference of a coin being worth 15 cents or $8. (and I cant see any coin jumping that much, let alone a whole bunch straight across the board)