Buying Coins- Where To Find The Best Equivalent Prices?

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Author	Replies: 12 / Views: 1,699
anthony giani New Member United States 39 Posts	Posted 09/15/2013 9:33 pm Hi everyone- New to the forum and to collecting in general but learning a lot. Quick question- when purchasing a coin, what is the best place to look for an equivalent price- the Red Book, the blue book, or Coin World? I'm thinking Coin World has the most recent prices but since I'm so new I don't know which end is the best end to attack from? I've been buying with prices from the blue book or Coin World. Am I getting good prices or am I looking at it all wrong? Any advice is much appreciated and thanks in advance! AG Report this Post to the Staff

jayman1970 Valued Member United States 274 Posts	Posted 09/15/2013 9:43 pm Depending on what you're buying, past auction results may be a better choice. I look at Heritage, Teletrade, Great Collections and ebay to check pricing on a particular coin. Report this Post to the Staff
basebal21 Bedrock of the Community 13014 Posts	Posted 09/15/2013 9:49 pm ebay auction results and numismedia are what I use. If ebay doesn't have a good history Ill check Heritage as well Report this Post to the Staff
anthony giani New Member United States 39 Posts	Posted 09/15/2013 9:50 pm I'm buying mostly ASE's and Morgans- I'm trying to acquire one from each date and mint- I believe this is called a "set"? I do not plan on selling them at all- passing them on to my kids instead- however, if I needed to sell them I want to make sure that I can resell them for more than what I paid for them. I only buy certified coins and even then buy NGC or PCGS only, and I mostly buy from ebay but have a couple of dealers that I purchase from as well. I've seen to been lucky and have been getting them for the wholesale prices (or at least I think thats what they are!). Any thoughts? Or am I going about this all wrong? Thanks Jay! Report this Post to the Staff
anthony giani New Member United States 39 Posts	Posted 09/15/2013 9:51 pm Thanks for the reply basebal- seems to be consistent with what everyone is saying to check! So I guess I can look at these same sites for resell value as well then eh? Report this Post to the Staff
Fuzzy317 Moderator United States 14463 Posts	Posted 09/15/2013 9:55 pm I also check online dealers for a range of retail prices. Report this Post to the Staff
anthony giani New Member United States 39 Posts	Posted 09/15/2013 9:57 pm Thanks fuzzy! Report this Post to the Staff
basebal21 Bedrock of the Community 13014 Posts	Posted 09/15/2013 10:14 pm Quote: So I guess I can look at these same sites for resell value as well then eh? The markets do change over time, but ebay will give you accurate ranges for what you could expect reselling them on there. Especially the more recently sold ones. Edited by basebal21 09/15/2013 10:15 pm Report this Post to the Staff
anthony giani New Member United States 39 Posts	Posted 09/15/2013 11:00 pm Gotcha- thanks bbal! Report this Post to the Staff
Bizybackson Pillar of the Community United States 1817 Posts	Posted 09/16/2013 12:41 am Those pricing guides/e-Bay auctions mentioned are all good sources, but if you're collecting coins with an eye to future appreciation for your kids and grand kids, probably ASEs and (assuming) common date MS Morgan dollars aren't the best way to go, part of the joy of this hobby is enjoying the acquisitions you buy. Report this Post to the Staff
Pittstate03 Valued Member United States 71 Posts	Posted 09/16/2013 02:00 am In my opinion, if you want to know generally what dealers base their buying/selling on, invest in a greysheet. Almost every dealer or seller I have ever dealt with used a greysheet. When you get in to really tough coins and precious metal coins, it may differ some, but for Morgans, it is the best place to determine prices. That combine with ebay and other auction results will give you a good idea for certified coins. http://www.greysheet.com/ Report this Post to the Staff
Stylez Valued Member United States 131 Posts	Posted 09/16/2013 05:13 am I collect the same thing Anthony, certified ASE's and used to have morgans, I buy all MS and PR 69 pcgs coins for my ASE set, I suggest looking at other coins and finding ones that you like... I got some advice from the president of the Alabama numismatic society once... he said "i'd rather buy one coin for $500.00 than buy a bunch of coins for $500.00, because that one coin is going to always be worth $500.00 and old coins are only getting more rare"... I'm sure youll find your way and be extremely happy with your collection... happy huntings..... PEACE... Report this Post to the Staff
anthony giani New Member United States 39 Posts	Posted 09/16/2013 10:32 am Just wanna thank everyone for the advice and the suggestions- I really appreciate it. As a newb to the community and collecting in general, your help is invaluable! Report this Post to the Staff
	Replies: 12 / Views: 1,699

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