| Author |
 Replies: 12 / Views: 1,486 |
|
|
Valued Member
United States
112 Posts |
I am going to give a shot at my first real coin show saturday. I have the 2007 RedBook for a help. If you use the RedBook, how would you price the coins that you find? IF the RedBook gave a price of say $20.00 for a coin in a specific grade, what would be a good buying price for the coin--ex:; 10, 20% less or more than the RedBook price? I have also looked at the Grey Sheets, I don't quite follow how they work. They seem expensive since they are $2-4.00 each month/issue? Does each issue have many types of American coins or does each issue just concentrate on a select few? How do you use the Grey Sheets at the coin shows also thanks
|
|
|
|
Valued Member
United States
346 Posts |
Unfortunate that the coin show is on Saturday because the 2008 Red Book is coming out within the week. I would say to just buy coins as close to the listed price as possible, and if you can, get them cheaper (obviously). If there is something special about the coin I wouldn't hesitate to spend a bit more on it than what's listed. Plus, you have to remember that the 2007 Red Book came out almost a year ago, which means its prices are about a year old and most coins have probably appreciated slightly (some more than others) since then. |
|
Pillar of the Community
United States
834 Posts |
Hi Gonefishin. As for the Red Book it is not a good price guide at all and it never has been.I use the monthly price guide in the numismatic new each month. There are some here that use the grey sheet and the price guide from Coins Magazine. I also would not take the Red Book to the coin show with you, there are some coin dealers that get turned off when they see it. If you know what you are looking for let us know here and we will give you what we think it is worth to give you a idea of what you should pay. The Red Book is a very good reference book to help you learn about coins and there history however use one of the price guides that I have mentioned the next time you want to know the value of a coin and good luck at your first coin show. Bruce |
|
Pillar of the Community
United States
1173 Posts |
I've taken the Red Book along to coin shows and never felt any dealer was "upset"...they all seem quite happy to take my money! If anyone gave me grief, I'd ignore it. Just remember that ANY guide you bring is only that...a guide. It doesn't take into account the special qualities any coin might have that increase (or decrease) its eye appeal to you. I'm blessed with a short attention span, so I find it very useful to go with just a short list of what I really want, and stick to that until I've either purchased what's on the list or determined that no one at the show has what I want at a price I feel is fair. Only then do I let myself fall prey to the seductive allure of the myriad other coins that beckon.  |
|
Pillar of the Community
United States
1327 Posts |
the last coin show I went to I used the current coin value, plus the coins I thought I might be looking for I had on a spread sheet with a good price range. Also I agree take your RedBook with you. I know serveral dealer who have told me ot use a RedBook as a checklist of what I need so I don't think most dealer will have a problem with it. I beleave the only dealer who might like you having a RedBook or price guide with you are the ones who are overpriced an you don't what to do business with them. I say you do what you are the most compfterble with. but I would say don't spend more then what your RedBook says. also I alway see dealer walking around with there Greysheets and use it when buying and seeing and if dealer don't like you have a RedBook are being unfair. But like I said it is your collection so use what is best for you and make sure you do not overpay. I would say look for a 2008 RedBook when you get there. most of them are all laid out the same so will not be hard to find what you are looking for. Have fun. |
|
Valued Member
 United States
112 Posts |
Made it out to my first coin show this morning-posted on the area coin site at open at 9:00, well-cancelled. Noone was there. I then drove to my second show-what great luck, advertised 75+ vendors and the the show was also cancelled. It would have been nice to see that they posted changed/cancellations on the website-would have saved me a couple hours of wasted driving......
|
|
Valued Member
United States
159 Posts |
Red books are great for informational purposes. Types, mintages, variations, etc. For pricing purposes they can't compare to the grey sheet, however. The Red Book is annual while most other guides are monthly. The grey sheet is a powerful tool to take with you to a coin show. Dealers see that and they know immediately they can't pull the wool over your eyes! Watch them frown when you pull it out and offer them 10% below bid! LOL!!! |
|
Valued Member
United States
112 Posts |
Where would you suggest picking up a couple recent grey sheets? Without subscribing for an entire year or long term?
|
|
New Member
Yemen
42 Posts |
I guess you all are luckier then me, as I cannot rely on any of the pricing books or the grey sheet, as I m located in the middle east and I m buying raw coins, dangerous but hoping to be rewarded wth a good catch, any tips on what to rely when buying raw coins?
|
|
Forum Mom
 United States
5877 Posts |
quote:
Where would you suggest picking up a couple recent grey sheets? Without subscribing for an entire year or long term?
Greysheets can be purchased indvidually without a subscription. It used to cost $3.99 but I haven't bought one for a while, so I don't know if prices have gone up. http://www.greysheet.com/ |
|
New Member
Yemen
42 Posts |
Same price for Greysheets, I got my first yesterday, but again my problem is till the same, as I m buying raw coins, wish me luck, hoping o hit the jackpot soon.
|
|
Valued Member
United States
112 Posts |
I decided to try a 6 mo subscription to the Greysheets. Got the April issue today. Just testing the waters to see if they are worth the price.
|
|
New Member
United States
26 Posts |
Dont use the RedBook, for me it hasn't been very helpful, but thats for me, also it kinda makes all the sellers not want to sell to u and sometimes I think when the sellers see the books they actually raise their prices somewhat. So u could possibly be losing money by bringing any price guides along with u.  The Mac |
| |
Replies: 12 / Views: 1,486 |
|
Posted 04/13/2007 10:03 pm
