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 Replies: 13 / Views: 1,946 |
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Pillar of the Community
United States
2202 Posts |
I want to use the Red Book to get approximate replacement values for my collection. I have and was going to use the 2011 RB, but was wondering if buying the 2013 version would change those values to any appreciable degree. Anyone have both and could check for me? Thanks. |
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Pillar of the Community
United States
1511 Posts |
For "approximate value" I'd use numismedia.com as they have much more updated pricing that is closer to real world buy/sell prices, And they have the pricing for ALL grades unlike RedBook... I just find numismedia to be much closer to real world prices.. Don't get me wrong, I love the RedBook.. But for pricing there lacking, they have some coins pretty steep and others rather low. But great for information. I do have the 2013 edition, but not the 2011 so if you want to compare some prices I'll post a few of your choosing, you'll just have to let me know what? |
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Valued Member
United States
477 Posts |
Thanks for the site Nathan, I also want to see what other outfits are pricing coins at. I have the 2014 RB, LMK if you need any price info from it.
Rick
Edited by shootnstarz
08/19/2013 11:39 am
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Pillar of the Community
 United States
2202 Posts |
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Valued Member
United States
477 Posts |
Here's the 2014 prices if you're interested: 1798 LC VG8..........$130 for styles 1&2 1866 Shld Nick AU50..$240 1883 Lib Nick MS60...$35, MS63...$50 1832 Half Dime CB MS60....$1000 1875 20c VF-20........$950 1938 WLH VF-20........$135 Rick |
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Pillar of the Community
United States
2202 Posts |
Thanks, Rick. Wow. I think I might have overestimated the conditions, because these prices are a lot higher than what I paid for them, just within the last year or two.
I wonder if it matters if the coins have been certified. That is, if I eyeball a coin and call AU, will the price be less than if it's a certified AU?
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Bedrock of the Community
United States
20753 Posts |
Not that I plan on ever selling a coin but for values, I too use the Red Book. BUT the 2010 Edition. As most people know, the Red Books prices on coins is sort of way overboard. Using the 2010 version is closer to realism. However, always remember that regardless of what you think a coin is worth, when selling one, it's anyone's guess of the real price. Coins are like a house, car or anything similar. Regardless of what anyone says, what price is in a book or document, it's what you REALLY can get for it monitarily that is the value. |
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Valued Member
United States
374 Posts |
"eyeball a coin and call AU"
Depends what the buyer calls it. Certified coins go for a premium, because it is allegedly a professional opinion and because the cost of certification will be passed on in the selling price of the coin.
For example a $100 AU coin gets certified. The fee is say $25 and shipping back and forth may be $15. Now it is certified AU, It will be offered for sale for $140 not for $100. I'm making up,the prices, but you get the idea.
Then the next guy who bought it for $140 will try to sell if for the same. Unless he 'cracks' it out of the certification case, in which case it's back to being a $100 coin.
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Valued Member
United States
374 Posts |
Oh, and I think the Red Book uses ~$500 as a dividing line. Under $500 it is assumed the coin is not certified and over $500 it is assumed the coin is certified. The Red Book is generally over priced, but it will make you feel good about your coins, and the picture and info are good. There is a blue book that has more of lower end wholesale prices. It's kind of like buying a car: sticker price, dealer invoice, dealer holdback, etc. |
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Pillar of the Community
United States
2202 Posts |
The old saw is the Red Book prices are what you would pay to buy the coin from a dealer; the Blue Book prices are what a dealer would pay to buy it from you. |
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Pillar of the Community
United States
2202 Posts |
Carl, what makes the 2010 Red Book so reliable as opposed to another edition? |
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Moderator
 United States
188213 Posts |
He means is that the Red Book prices are inflated. The 2010 book, due to real world inflation, is finally accurate.  Quote: I too use the Red Book. BUT the 2010 Edition. As most people know, the Red Books prices on coins is sort of way overboard. Using the 2010 version is closer to realism. He could be joking. He could be dead serious. He is just carl.  |
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Pillar of the Community
United States
2202 Posts |
Ah, but of course. Makes sense. (Assuming he's being serious!)
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Bedrock of the Community
United States
20753 Posts |
Quote:Carl, what makes the 2010 Red Book so reliable as opposed to another edition? I'm a person that loves to check prices on everything, everywhere. For example I compare prices at about 10 local grocery stores occationally just to see which is the lowest. I'm just cheap. As to the 2010 Red Book, I've found the prices listed in that edition is sort of close to prices on coins at coin shows I go to. I go to about 2 to 4 coin shows a Month and prices in that 2010 edition are fairly close to what is now at most of the coin shows. Naturally, not true for all coins. The coin market prices are so much pending on popularity, that some coins just jump up or down in prices for no apparent reason. But for my purposes, that edition is OK. |
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Replies: 13 / Views: 1,946 |
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Posted 08/18/2013 8:51 pm
