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 Replies: 10 / Views: 1,344 |
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Pillar of the Community
United States
1536 Posts |
I just bought a lot of semi-key Buffalo nickels in low grades. I noticed the 1913D Variety 2 had a grade written on it of G. I looked up the value in the RedBook and it states it has a retail price of $120 but Numismedia says it should cost $84. In that case what source would you use? |
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Moderator
 United States
56855 Posts |
Numismedia hands down. Also check ebay for prices realized. John1  |
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Bedrock of the Community
13014 Posts |
Like John said numismedia and completed ebay listings for prices. Redbooks are good for a lot of things but prices arent one of them. Theyre almost always high and the prices are essentially outdated by the time it gets published |
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Pillar of the Community
 United States
1536 Posts |
I noticed that for some coins, RedBook is higher but for others, numismedia is. Numismedia is higher for V nickels but lower for Indian heads and Buffalo nickels. |
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Bedrock of the Community
United States
19966 Posts |
Red Book price are ballpark figures. It's a great reference book but the prices cannot be trusted.
Lincoln Cent Lover!VERDI-CARE™ INVENTOR https://verdi.care/
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Pillar of the Community
United States
2543 Posts |
That is why these are all called guides. As always the marketplace determines the price.
As in all collectibles they are only worth what someone else is willing to pay for it. That is why there are huge disparities in the hammer price of many identical coins.
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Bedrock of the Community
United States
20753 Posts |
As already stated you must remember that all price guides are just that, GUIDES. They are not real values, only a guide to what may, might, could, should, be. The Red Book is sort of accurate but only if you use one about 3 to 4 years old. I presently use the 2010 edition for prices. That one gets sort of close. The Red Book is noted to be rather many years into the future with their values. Always remember there is no manufacturers suggested list price on coins. They are what ever someone will pay for one. |
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Pillar of the Community
United States
1536 Posts |
Yes, I know these are just guides and a coin's value is what someone else would pay you for it. I know they use the gray sheet at shops and some are stricter than others. My point is that if you are using a guide to get a general idea of the value which one would you trust more if their prices conflict? I always pick the lowest. IHCs and buffs I use Numismedia but for V nickels I use RedBook because the prices on Numismedia seems to high to me. I buy and sell them so I have an idea what they are worth but you know how auctions can be with wild swings in prices. |
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Bedrock of the Community
United States
17884 Posts |
Quote:
When price guides conflict.... Things are pretty much normal. |
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Valued Member
United States
379 Posts |
I have always had success using Numismedia.
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Valued Member
United States
380 Posts |
I know that the 1938 D in the red-book is way to high...
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Replies: 10 / Views: 1,344 |
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Posted 01/22/2013 04:52 am
