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 Replies: 21 / Views: 3,150 |
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Valued Member
United States
469 Posts |
Several days ago I went to my local coin dealer looking to finally pick up a nice unc 1931S Lincoln. The books indicates that I should be able to find one for about $120-$200 in MS60 -MS63. The dealer said I could through the Red Book out the window on that coin. Has anyone had any luck finding semi-key coins for Red Book prices?  |
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Pillar of the Community
United States
1915 Posts |
The Red Book is merely a guide. You see everyday on ebay where circulated coins sell for more than MS grades in the Red Book. This is more with the modern varieties, but you do see it with older coins from time to time. |
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Moderator
 United States
23522 Posts |
If I'm to believe Heritage results, your numbers are in line for all but full Red examples.
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Pillar of the Community
United States
1523 Posts |
Southerngent.I have a 31S coming back from ANACS in a few days.It should come in around EF40-45.I maybe could part with it if you're interested.
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Valued Member
 United States
469 Posts |
Let me know what you are thinking on price. I do need one for my book. I was really wanting to find an AU or afordable MS but I appreciate the consideration.
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Bedrock of the Community
United States
19931 Posts |
Yep, the RedBook is an approximate price guide at best. It's only designed to give a rough idea of the price. It is especially out of whack for key dates like the 31-S. The dealer is right, toss it out the window for pricing. Conversely, I know of no other pricing guide for modern Memorial cents. They are completely ignored by common price guides and most dealers don't like to mess with them. In that respect, I consider the Red Book pricing "better than nothing". |
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Valued Member
United States
469 Posts |
Should I consider signing up for getting the gray sheets? Would it be more accurate? I lake to have a really good idea of what the item I want to purchase is really worth. I don't mind paying a premium for a stellar coin but not a the sellers whim.
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Pillar of the Community
United States
1523 Posts |
As soon as it comes to me I will get some photos and we can go from there.
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Pillar of the Community
United States
1882 Posts |
Southern Gent,
As mentioned, it is just a guide. So are the other guides, such as the greysheet. For what it's worth, the greysheet shows lower prices than you mentioned for that grade range, because it is intended to be a wholesale guide.
You have to watch what they sell for (completed auctions on ha.com/ebay, and what dealers are asking for them) and decide what is a good deal for you.
Edited by steve199
02/18/2010 2:11 pm
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Valued Member
United States
469 Posts |
I appreciate all of the input!
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New Member
United States
45 Posts |
The RedBook is a coffee table book. The Gray Sheet is what you need to be using. |
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Valued Member
United States
278 Posts |
I personally buy a Grey Sheet every few months, just to keep current...
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Pillar of the Community
United States
1000 Posts |
As a side note to the discussion. Halfwitty will need to wait until you've been here long enough and have 50 quality posts to sell or make a deal. Forum rules.
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Valued Member
United States
258 Posts |
The RedBook is usually about 12-15 months behind as the 2010 book is published in the middle of 2009 and a lot can happen between the time the book prices are determined, the book printed and then distributed and sold. I will never buy or sell a coin based on current RedBook. Greysheet is wholesale so that is not valid either. Use ebay to help determine values as well as the internet as a whole. Sincerely, John Leckrone |
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Pillar of the Community
United States
1523 Posts |
Mint. I have over 200 post and have been around over 15 days.I believe those are the rules.
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Pillar of the Community
United States
1409 Posts |
agree that internet sales results are a good way to measure current market conditions.
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Replies: 21 / Views: 3,150 |
Posted 02/18/2010 1:08 pm
