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Discrepency In Red Book And Blue Book Prices

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New Member

United States
11 Posts
 Posted 05/15/2008  6:50 pm Show Profile   Bookmark this topic Add joy_mookerji to your friends list Get a Link to this Message Number of Subscribers
Any body has any idea why there is difference in prices of Morgan dollars in Red and Blue Book.
Which one I should follow

Edited by Forum Mom to move from Modern US coins to Main Coin Forum
Valued Member
kceb10's Avatar
United States
392 Posts
 Posted 05/15/2008  6:51 pm  Show Profile   Bookmark this reply Add kceb10 to your friends list Get a Link to this Reply
blue book is dealer buying price, Red Book is retail price
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Susanlynn9's Avatar
United States
5877 Posts
 Posted 05/16/2008  09:35 am  Show Profile   Bookmark this reply Add Susanlynn9 to your friends list Get a Link to this Reply
You should, therefore, go by Red Book if you are going to use this as a price guide. Please keep in mind that, while the Red Book has great information, it is not the best price guide to use. I have found that the prices get pretty close around September or October, but the Red Book is still off on certain series. Morgan dollars are priced too high for common dates, wheat cents are still underpriced in the 2009 edition, and I'm sure that there are other series that are not going to be accurate.

A good way to determine what the market is doing is to look at completed auctions on ebay for the coins you are looking to buy. This will give you a more current price guide.
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ericnh's Avatar
United States
109 Posts
 Posted 05/16/2008  09:37 am  Show Profile   Bookmark this reply Add ericnh to your friends list Get a Link to this Reply
many dealers use the greysheet too.
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