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How Do You Use The Red Book When Evaluating A Coins Value?

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BadThad's Avatar
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19951 Posts
 Posted 01/11/2013  2:53 pm  Show Profile   Bookmark this reply Add BadThad to your friends list Get a Link to this Reply
Use what the dealers use:

http://www.greysheet.com/
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blackjack's Avatar
United States
386 Posts
 Posted 01/11/2013  4:40 pm  Show Profile   Bookmark this reply Add blackjack to your friends list Get a Link to this Reply
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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basebal21's Avatar
13014 Posts
 Posted 01/11/2013  4:55 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

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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jlgaudlitz95's Avatar
United States
280 Posts
 Posted 01/12/2013  9:49 pm  Show Profile   Bookmark this reply Add jlgaudlitz95 to your friends list Get a Link to this Reply
I would average the two prices and go on that, especially if there was a large difference.
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Earle42's Avatar
United States
10038 Posts
 Posted 01/12/2013  11:05 pm  Show Profile   Bookmark this reply Add Earle42 to your friends list Get a Link to this Reply
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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