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 Replies: 9 / Views: 1,292 |
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Valued Member
United States
420 Posts |
Hello, In a previous post I mentioned my method of looking at the ebay prices for a coin, getting the average and comparing that to "The Red Book" then buying for a price in between. Can someone give me examples of "The Red Book" being high? Well, OK here is an example: The 2001 U.S. Capitol Visitor Center Silver Dollar. The average ebay price is $48. "The Red Book" price is $50. I took 22.5% off "The Red Book" price because it seems like a nice neutral number. When going between "The Red Book" price and the average ebay price it seems like I got a really good deal at $40. When going between 22.5% off of "The Red Book" price, which was $38.75 and the average ebay price it seems like I paid right in range. Not too high, but I didn't get a deal either. So, which is more accurate? Does it only really matter that I did not over pay? Any Opinions? Thanks, Rich |
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Pillar of the Community
United States
2540 Posts |
The Red Book is a retail pricing that is accurate at the time that it is put together. The prices, at the time, may be high compared to the grey sheet, however, in this day of rapidly changing prices, it may be high or too low, check out many key dates. Examples: Barber quarters: 1896 S in G-4 Red Book = $700, Current Coin World Trends= $1,000. 1913 S G-4, Red Book= $1500.00, current trends= $2,200. 1901 S: G-4 Red Book = $5,500 Trends= $6500.00. So, to sum up, the prices may be high, or too low, depending upon the market's activity and demand. |
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Moderator
 United States
187582 Posts |
 Pricing is very dynamic because of market forces; fluctuating supply and demand can change the prices daily. Any price you have now is just a snapshot in time. |
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Pillar of the Community
United States
891 Posts |
I really don't think any of the price guides are that accurate. I picked up a PCGS PR68dcam for 21.00 in sept. 30.00 for the unc in OGP. If you are comfortable with what you paid them what does it matter. I think when shopping ebay the price has alot to do with when the auction ends. It seems to me that the weekend prices are higher than during the week. The time it ends I think plays into it also. I bid everything cheap. Usually between 50 to 70 percent of what the price guides and finished auctions are. I might get maybe 10 percent of what I bid on. If I don't get it oh well, there are plenty of other coins out there. Another one will come along. Just can't get in a hurry to obtain them. The key date coins are another story. Hard to get deals on them. |
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Rest in Peace
United States
9104 Posts |
I used to price stuff at the higher of trends or telequote, and sell a lot of stuff to other dealers. Some stuffdoesn't exist. I sold a Seated dime on ebay which was about $175 in XF top price, it was a VF that went for around $300. |
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Bedrock of the Community
Canada
10743 Posts |
I borrowed a friends Red Book (2005), and was looking at the Quarters, it has a 1983P in MS-63 for $7.00, and all the others around that date are like, $1.00 $3.00 Why would they price that one so high? mintage seems about the same.  |
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Valued Member
United States
392 Posts |
1983 had no mint sets made so high grades are harder to find |
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Moderator
United States
56855 Posts |
Hello all, I noticed that TreasHunt compared Red Book to Coin World Trends prices,i find that Coin World Trends prices are too high also,Gray Sheet prices are more realistic in my opinion,i do know that Red Book and Coin World Trends are retail and Gray Sheet isn't. But keep in mind that all price guides are just that,guides. John1  |
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Valued Member
United States
128 Posts |
The value of any item is what someone is willing and able to pay for it at a given time. I would consider ebay or Teletrade a closer estimation of value over any guide since that is what people actually paid. |
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Bedrock of the Community
United States
20753 Posts |
The Red Book, and so many others, are just guides and the prices are just guess work based on guesses. What I've learned to do is look at the Red Book, then the PCGS web site, then Numismedia, then ebay and occationally other coin web sites. It is all time consuming but you find out that that is what the people that make those price guides probably do. |
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Replies: 9 / Views: 1,292 |
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Posted 11/05/2008 1:46 pm
