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 Replies: 7 / Views: 1,441 |
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New Member
United States
28 Posts |
Since I started collecting about 5 months ago I have subscribed to Numismatic News. I love going to the auctions and looking at all of the different coins. but I am very afraid to bid on items for the fear of over paying for coins. I goto my local coin club meetings where we have an auction monthly with about 200 lots. I get the sale sheet about a week and a half before the auction so I can research what I am interested in. I am wondering if the greysheet is right for me and will help me save some money and be an educated bidder on the price of what to pay? Any advice is apperciated    |
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Pillar of the Community
United States
1534 Posts |
Numismatic News is fairly overpriced along with most other magazines, Greysheet is most on target. If you learn to grade and authenticate to a certain extent then it will be a lot harder to overpay for a coin. There isn't a perfect guide however, only the market can correctly gauge a coin's worth.
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Pillar of the Community
United States
764 Posts |
I've been collecting for 19 years and I still use my RedBook. Using a few rules, I always get good deals. 1) Price a coin by grading it very harshly. 2) Knock down the RedBook price for most coins Experience will tell you how high to bid on coins. Guides such as RedBook or greysheet are references best for picking out the semikeys and condition rarities when you're not quite an expert on a particular series. |
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Moderator
 United States
16677 Posts |
I also use the Greysheet and have to agree with wheatguy that the market, supply & demand, will ultimately depend what any given coin is worth. Learning to hone your grading skills, and studying the diagnostics of what makes a coin, the genuine article (extremely important on key-dates), will enable you to navigate the buying and selling aspects of this hobby.
swcoin.ecrater.com
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Pillar of the Community
United States
1042 Posts |
Quote:
I also use the Greysheet and have to agree with wheatguy that the market, supply & demand, will ultimately depend what any given coin is worth.  with that. ^^^^^ Searches on e-bay, and other auction sites are a good barometer. |
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Bedrock of the Community
United States
10982 Posts |
The Greysheet is a good coin price guide. You can order their "special" for $13.75 which includes the current addition of the 7 major newsletters they publish. I buy the $13.75 set every few months which is often enough to keep up with most prices. Completed auction listings on a great tool also but I couldn't function without my Greysheets and use them almost daily.  |
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Valued Member
United States
171 Posts |
.......Searches on e-bay, and other auction sites are a good barometer..........
I agree with Scotty11...I am still new at this but running a Completed Listings search can actually show you what a coin is going for on the actual market. But I have noticed coins on here that usually sell cheaper than on the bay. Can't wait till my 50th post so I can buy!
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Valued Member
United States
255 Posts |
Bherring, I did not know they did that. I may just have to spring for a new set. My current set was given to me by a dealer in 2007. The prices are a tad out of date :)
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Replies: 7 / Views: 1,441 |
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Posted 12/26/2010 10:56 pm
