What Is The Most Valuable 1960 Penny You Know Of? - Page 2

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Author	Replies: 23 / Views: 4,563	Page: of 2

hfjacinto Pillar of the Community United States 7277 Posts	Posted 09/09/2019 07:29 am Prices are what people will pay. I don't pay Red Book, it's generally too high, but I use it as a guide to what a particular mint/condition is worth. If Red Book has a particular mint/condition for a very high price it generally is more expensive than another coin that is listed at a lower price. My Slabbed Dansco 7070 with Gold Page My Slabbed IHC Set My Slabbed 20th Century Type Set Report this Post to the Staff
youngmaster Valued Member United States 245 Posts	Posted 09/09/2019 1:28 pm hfjacinto I start with Red Book first to look at coins based on a year level highest price then check for appeal, rarity, compare (Online), with this I suspect I can see where the demand is possibly in theory atleast. It may be like you said Red Book is just for certain use which id say seems to me like it leaves no explenations on how they get that price but I didnt read it either. Though the prices on red are not talking about appeal because theres to many different and some only one so to cover those prices it would be lots of waisted time so theres experts to decide value. Thats what I'm attempting at. The prices sold for arent goingt to match Red Book so its a start to use as a reference then buld on that. It helps to know if you have something that isn't worth anything and theres alot of that. lol Do I have this right? Report this Post to the Staff
hfjacinto Pillar of the Community United States 7277 Posts	Posted 09/09/2019 1:57 pm Youngmaster.. What you posted makes a lot of sense to me. I use the Red Book as a start. But I then look at several websites for what stuff is selling at. I also used auctions and buy it now to get a feel of what stuff is selling for. And then I look locally also, lots of times I see ebay prices higher than locally, so I buy locally most of the time. My Slabbed Dansco 7070 with Gold Page My Slabbed IHC Set My Slabbed 20th Century Type Set Report this Post to the Staff
hfjacinto Pillar of the Community United States 7277 Posts	Posted 09/09/2019 1:58 pm You also have to understand, I don't buy slabbed coins. I get RAW as raws tend to be slightly lower cost. My Slabbed Dansco 7070 with Gold Page My Slabbed IHC Set My Slabbed 20th Century Type Set Report this Post to the Staff
youngmaster Valued Member United States 245 Posts	Posted 09/09/2019 9:20 pm Thank you for all your responses I do see what the difference is in what you were saying. Report this Post to the Staff
basebal21 Bedrock of the Community 13014 Posts	Posted 09/09/2019 11:26 pm Cheaper isn't always better. Often times the cheaper coins are cheaper for a reason. If they're cheap 5-10 dollar coins that's probably okay and go ahead but raw cheaper 100+ dollar coins you're getting into territory that can really hit if you go to sell Report this Post to the Staff
Tmurrell New Member United States 1 Posts	Posted 09/10/2019 12:12 am I hear 1964 Philadelphia mint SMS coin! I think I have if not one then two..not sure Report this Post to the Staff
hfjacinto Pillar of the Community United States 7277 Posts	Posted 09/10/2019 09:18 am Quote: Cheaper isn't always better. Often times the cheaper coins are cheaper for a reason. If they're cheap 5-10 dollar coins that's probably okay and go ahead but raw cheaper 100+ dollar coins you're getting into territory that can really hit if you go to sell I never said cheap, I said inexpensive. Look I'm all for everyone buying slabbed coins its makes the raw ones cheaper. This hobby lets one buy inexpensive coins and enjoy them and lets others buy slabs. All in all a great hobby and everyone can enjoy it. My Slabbed Dansco 7070 with Gold Page My Slabbed IHC Set My Slabbed 20th Century Type Set Report this Post to the Staff
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