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Replies: 29 / Views: 4,460 |
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Bedrock of the Community
United States
10284 Posts |
I don't care what anyone thinks, I have a Red Book with me at coin shows I take it to coin club meetings too. I know that the prices are not firm in the book or there on the coin holder. I use it as a guide. If I find a coin I like and the price seems fair, I'll buy it. If the dealer gives me a price and quotes the Red Book value cause he sees me carrying it, I'd probably tell him that the Red Book is just a guide too. I think carrying a coin magazine might be a bit more of a red flag to dealers as those prices are really inflated in those guides.
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Pillar of the Community
United States
3294 Posts |
I would bring one (I actually just bought mine last week) so that I have the mintage numbers handy. Prices are a guide as said before, but I am much more interested in relative prices so I can look for conditional rarities, or sleeper coins.
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Pillar of the Community
United States
2602 Posts |
I bring the Red Book with me and I know that prices are inflated. I keep the Red Book mostly out of site in a bag I carry and when I need to look something up, I have my reference. I use it for reference, varieties, etc, not as a pricing tool. For pricing, I compile a list of coins that recently closed on ebay and grade and print out that list.
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Moderator
 United States
188660 Posts |
My smart phone is now my weapon of choice. I have rendered all of my lists and important notes into PDF files that are stored on the phone for quick access. And with the well sized touch screen, browsing sites like Coin Community or NumisMedia is a breeze. 
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Pillar of the Community
Canada
3692 Posts |
jbuck, that's pretty smart
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Valued Member
United States
258 Posts |
Confuse the dealers, have both a RedBook AND the greysheet...  Seriously I don't consider people carrying a RedBook as being new to the business. I have asked for them at shows and I can assure you most every dealer has one under the counter. If they do not a neighboring dealer will. I sometimes need the book as a guide to mintages and NOT as a price guide. If someone is using the RedBook as a price guide I will probably sell a coin for less than their book unless it is one of the mintage rarities that everyone here should know I want more for. Sincerely, John Leckrone
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Valued Member
United States
366 Posts |
I would have to decide between the Red Book and greysheet depending on what you are looking for. I suppose for higher value coins, the greysheet might be more important to get the right price, but I usually bring my Red Book. Sometimes I have brought a magazine, even though the prices listed in it are quite a bit higher, just because it is lighter to carry. Keep in mind that price guides are just general guidelines, and are not 100% correct. Usually I would say they overprice most coins.
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Moderator
 United States
16679 Posts |
Experience is key. The Red Book is a great information guide, but as far as values go, don't rely on it. I bring the Greysheet and Bluesheets with me to shows. That's the way to go.
swcoin.ecrater.com
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Bedrock of the Community
United States
20753 Posts |
Now jbuck has the solution that many just don't think about. Of course you have to have fingers that are flexible and one of those phones. That is moderazation for you. I asked my neighbor a few days ago why he never wears a watch. He pulled out his cell phone and showed me the day, date, time and all big enough for even me to read.
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Bedrock of the Community
United States
12437 Posts |
Quote:Confuse the dealers, have both a RedBook AND the greysheet... That would be me  I always go to a coin show with a plan but inevitably I end up purchasing something that I was not even thinking about before the show. The RedBook contains a set of information that is not easily found in other price guides so I frequently consult it when looking at coins that I have not previously researched. I also use my RedBook as a checklist inventory so I can also look and see if I already have a particular coin.
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Bedrock of the Community
United States
11951 Posts |
I would take a Red Book if I wanted to. But for me .. I take a spread sheet with the coins I want to fill what current Dansco's I am working on. Like last weekends show I had Jefferson nickels then Roosevelt dimes. In the spread sheet I put which coins I need, with the grade and price I would like. I have been using nusmismedia.com to get a ballpark price. If I see other coins I might want, there are usually dealers there that I know, I ask them to give me greysheet price. Some dealers will show the greysheet if I ask.
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Valued Member
United States
71 Posts |
I consider myself a rookie (my first year in the bigs) ... I know if I'm selling, I'm happy you are carrying a Red Book ... I know if I'm buying, I carry a gray sheet or minimally a blue book ... cash is king, offer what you and only you feel comfortable (bulk buying seems to offer me the best price per coin and sellers seem to let coins go at less profit per, if they can pocket a large number of Ben Franklin's)
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New Member
Switzerland
46 Posts |
There is nothing wrong with bringing your RedBook to the show, just keep in mind that other people would like to see the coin as well. I have seen people stand their for more than 10 minutes looking up a coin in their book. Of course, you should be sure that you are making the right choice but again keep in mind that the dealer has a business to run and other customers would like to see the coin. Unless you the only one their. I would recommend taking a list of what you would like to buy with prices. It is difficult to adhere to your list since you will so many coins that you will like but look at it, step back and look it up in your RedBook. Sometimes you will be presented with good deals and you might not know it until later when you do your research. You may hit yourself in the head because you did not buy it but what if the deal what not as good as you were told. Then you would be hitting yourself in the head because you bought something expensive. This is my rule: If I am not sure then I do not buy it. It is best to trust your instincts and don't be bothered if you missed a deal. It is better than to overpay for a coin.
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Bedrock of the Community
United States
20753 Posts |
I'm starting to wonder if age has anything to do with carrying anything. I think if I was about 40 or so years younger I wouldn't even think twice about carrying a book or anything. Now with age I try not to carry anything that would make me tilt when standing. And that Red Book keeps getting heavier and heavier each year you know. And one see that new one for us older people that is even bigger?
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Replies: 29 / Views: 4,460 |