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Red Book Pricing - How Accurate (Or Not)

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BadToTheBone's Avatar
United States
1795 Posts
 Posted 11/07/2015  12:56 pm  Show Profile   Bookmark this reply Add BadToTheBone to your friends list Get a Link to this Reply
Not sure if your collecting U.S. coins but this web site may help you if you are http://www.numismedia.com/fmv/fmv.shtml
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duncanbishop24's Avatar
United States
898 Posts
 Posted 11/07/2015  1:19 pm  Show Profile   Bookmark this reply Add duncanbishop24 to your friends list Get a Link to this Reply
I like using RedBook for mintage numbers and comparing similar coins of a series against each other with prices. Seeing which prices are higher for certain years and comparing it to other years/mm of the series. That's where the RedBook prices come in handy.

An example would be 1893 Barber dimes. Those are significantly more expensive than some of their counterparts, due to mintage numbers mostly. RedBook does a fine job helping me ballpark that increase in cost.
Bedrock of the Community
United States
20753 Posts
 Posted 11/09/2015  11:34 am  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
Try to remember that the Red Book is a Book, not a weekly or even Monthly publication. And too when one comes out, it probably took several Months to compile the information, proof read it all, then publish. This means that information in this book may have taken a long time to accumulate. By the time the book actually comes out, prices and/or other information may have changed and the publishers are not about to make revisions.
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edweather's Avatar
United States
7375 Posts
 Posted 11/09/2015  12:48 pm  Show Profile   Bookmark this reply Add edweather to your friends list Get a Link to this Reply
I only use the Red Book for casual reading. For current pricing use ebay, and Heritage archives, recently sold values. For a 'guide' I use the PCGS and NGC websites along with Numismedia FMV. With those resources you can really nail down the cost of almost any coin.
Valued Member
proofreader's Avatar
United Kingdom
216 Posts
 Posted 11/12/2015  04:59 am  Show Profile   Bookmark this reply Add proofreader to your friends list Get a Link to this Reply

Quote:
Not sure if your collecting U.S. coins but this web site may help you if you are http://www.numismedia.com/fmv/fmv.shtml


Thanks for that - hadn't seen that site before.
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