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Coin Price Lists

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centsdimes's Avatar
United States
134 Posts
 Posted 05/31/2015  09:21 am Show Profile   Bookmark this topic Add centsdimes to your friends list Get a Link to this Message Number of Subscribers
I've been told that Coin World and the Red Book are the two most reliable price lists. Would you people agree?
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SsuperDdave's Avatar
United States
23522 Posts
 Posted 05/31/2015  09:58 am  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
Numismedia is currently considered the list most closely reflecting reality. With so much real-world sales records available, though, why would one want to depend on a published list? Just go find out what people are paying today.
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centsdimes's Avatar
United States
134 Posts
 Posted 05/31/2015  10:00 am  Show Profile   Bookmark this reply Add centsdimes to your friends list Get a Link to this Reply
I've got more than 400 coins. That would be very time-consuming.
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Bryan78's Avatar
United States
1068 Posts
 Posted 05/31/2015  10:00 am  Show Profile   Bookmark this reply Add Bryan78 to your friends list Get a Link to this Reply
I buy Coins Magazine and they have a price lists on like everything American and I would say there are probably pretty consistent on prices and on par with the others... If it is higher or lower then the other two just add all the prices and divide by how many there are and you would get a good idea on what something is worth...
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ChildOfTheWheat's Avatar
United States
5828 Posts
 Posted 05/31/2015  10:02 am  Show Profile   Bookmark this reply Add ChildOfTheWheat to your friends list Get a Link to this Reply
So would any price guide. I reccomend ebay for the most updated prices.
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centsdimes's Avatar
United States
134 Posts
 Posted 05/31/2015  10:19 am  Show Profile   Bookmark this reply Add centsdimes to your friends list Get a Link to this Reply
I keep all my coins in Excel spreadsheets, too, plus in a 12-column record book.
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ChildOfTheWheat's Avatar
United States
5828 Posts
 Posted 05/31/2015  10:38 am  Show Profile   Bookmark this reply Add ChildOfTheWheat to your friends list Get a Link to this Reply
I keep mine on google docs, and I have both RedBook prices and ebay purchases. I update monthly. https://docs.google.com/spreadsheet...?usp=sharing
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Slider23's Avatar
United States
4469 Posts
 Posted 05/31/2015  11:02 am  Show Profile   Bookmark this reply Add Slider23 to your friends list Get a Link to this Reply
I use the realized prices of ebay and Heritage Auction and make my own price evaluation on the coin that I am trying to buy. There can be lot of variables in coin prices based on quality of the coin. The published price list are good for a quick reference.
Bedrock of the Community
United States
20753 Posts
 Posted 05/31/2015  11:13 am  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
IF you use the Red Book for pricing, just take whatever is shown and subtract by about 20% to 25% since that is how much over those prices are.
Edited by just carl
05/31/2015 11:13 am
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John1's Avatar
United States
56855 Posts
 Posted 05/31/2015  4:40 pm  Show Profile   Bookmark this reply Add John1 to your friends list Get a Link to this Reply
I use Numismedia and e-Bay.
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Gyrene7483's Avatar
United States
1704 Posts
 Posted 05/31/2015  4:55 pm  Show Profile   Bookmark this reply Add Gyrene7483 to your friends list Get a Link to this Reply

Quote:
If it is higher or lower then the other two just add all the prices and divide by how many there are and you would get a good idea on what something is worth
The problem with doing this is that if you have any problem coins however many there are in relation to problem free coins it reduces the average one would expect to pay for a problem free coin. When a problem free coin comes up for sale at the price it should be then it will appear to be overpriced by this method of determining value.

I am paying more than four times the average auction value of an 1868 quarter. Why? All in the last five years sold at auction in this grade had details labels only one had a solid grade. That one sold for about four times the value of the average auction price realized for the others. With a mintage of 29,400 it is a very scarce coin to find in AU or better. The one I am buying, though the same grade as the problem free coin mentioned above, is a superior coin in regards to overall strike and eye appeal.

It is essential that collectors learn about the series' they collect so they know what the true value of a quality coin is over the skewed averages in the price guides.
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