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 Replies: 13 / Views: 2,042 |
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Valued Member
United States
116 Posts |
I heard that I could get older rebooks for less then a current issue should I get a current issue or a older version?
*** Moved by Staff to a more appropriate forum. ***
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Valued Member
United States
157 Posts |
personally if you are using it for pricing I would not buy a Red Book at all because by the time it has come out the prices of the coins have changed, I would subscribe to the monthly, 'coins' magazine |
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Valued Member
United States
349 Posts |
I have a little spiral one that I bought at barnes and noble. It was 15 dollars and I use it all the time.
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Pillar of the Community
United States
2651 Posts |
The Red Book is a good guide...but you have to realize that a coins value changes on a regular basis depending upon the economy...inflation...precious metal prices...etc.... The Red Book is based on actual sales of coins at auctions...and stores (that send in data) and so yes...by the time you get the Red Book it is "out of date" so to say...but it is a good reference guide imo... |
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Pillar of the Community
United States
594 Posts |
Quote:personally if you are using it for pricing I would not buy a Red Book at all because by the time it has come out the prices of the coins have changed, I would subscribe to the monthly, 'coins' magazine  and then you will also get free access to NumisMaster.com if you subscribe. Then go ahead and pick up an older version of the Red Book. |
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Pillar of the Community
United States
2077 Posts |
Until today, my RedBook was a 1976 edition. Used to multiply the prices by 3. |
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New Member
United States
49 Posts |
I just ordered my first Red Book off of half.com (an ebay owned website for books), it's a 2011 edition. It cost $0.75 plus shipping |
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Valued Member
United States
157 Posts |
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Bedrock of the Community
United States
20753 Posts |
Quote:I just ordered my first Red Book off of half.com (an ebay owned website for books), it's a 2011 edition. It cost $0.75 plus shipping Exactly what I would recommend. Any edition a few years old is sufficient for almost any basic information and as everyone knows, all prices are almost a joke. |
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New Member
United States
49 Posts |
Glad to know it was a good choice, thanks.  |
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Bedrock of the Community
United States
20753 Posts |
As a general rule, not always a good thing, I use a 2010 edition of the Red Book for prices. Still a bit high but much, much better than the latest version. |
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Pillar of the Community
United States
620 Posts |
I buy a new Red Book every year, then give last years to a young collector or a collecter that caant afford to buy one. Seems every year they improve the Red Book |
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Bedrock of the Community
United States
20753 Posts |
Quote: buy a new Red Book every year, then give last years to a young collector or a collecter that caant afford to buy one. Seems every year they improve the Red Book Smart move. If you did like I did a long, long time ago and started to save the old ones, you'ld be stuck like me with all of them. I have all of them and they just take up room. None ever get opened unless someone on this forum says anyone know a price of a xxxx from 1973 or something like that. |
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Pillar of the Community
 United States
2448 Posts |
I know most collectors will say they never use the book for pricing, however, I'm ever amazed how most will price their initial coin offerings at auction very close to the Red Book value.  The Red Book is just another "tool" in your collecting research library. While it's nice for long term trends, most Internet sites are much more accurate and timely. If you want a quality book for your collection, the leather bound Red Book makes a handsome addition. I've bought one every year the leather was offered. It is expensive but if you think of it as a "key date" for your coin book collection, it's well worth the price. I also have to say, there is just something really gratifying about reading a well made leather bound book.  |
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Replies: 13 / Views: 2,042 |
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Posted 07/10/2012 12:43 pm
