Exaggerations In Red Book?

To CCF , the prices for MS-65 steel cents in the 2022 Red Book are way off the charts ( error in RB ) . A 1943-P Lincoln in 65 should be less than $100 . Even MS-67's go for less than $300 .

Thanks... though I still wonder about other inaccuracies in the book.

All pricing guides base their values on auction records, which can vary greatly, and which may also not be up to date at the time of compiling the pricing guide.
That is still OK, because having a slightly inaccurate pricing guide is way better than not having any pricing guide at all.

Even if a pricing guide is years out of date, the relative pricing of coins within a condition range is still useful information. Some knowledge of compounded yearly inflation rates can provide some help to update to today's pricing, but the inaccuracy factor still widens for increasing years in pricing projections.
My tactic is to look at old catalogs, recalculate for inflation, then cross check where I can with equivalent current pricings of similar coins that are available for sale.
The old pricing catalog provides all of the detail in between, which then can be re calculated for a particular coin, which one may be considering to buy or sell.

Discussions such as the one we are having here help to highlight some of the inaccuracies found in current catalog pricings.

Last I heard Jeff Garrett is behind pricing everything.