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 Replies: 13 / Views: 1,716 |
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Pillar of the Community
United States
4867 Posts |
Ok so I am browsing the Red Book looking at half dollars. I saw M63 1964 halves priced at $13 so I'm thinking hmm, not too terrible. So I go onto ebay thinking I could snag a deal and guess what? Those are nearly double in price or more than what Red Book says. And I am not convinced that every BU '64 on there ( ebay) is M63. In conclusion, this collector says precious metal prices are ruining collecting for those on a limited budget wanting uncirculated examples. |
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Pillar of the Community
United States
619 Posts |
The Red Book is by no means perfect; it's more of a rarity guide than a price guide. Prices fluctuate, even without bullion prices going up like they have. Edited by CPC24
08/30/2011 9:48 pm
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Pillar of the Community
 United States
4867 Posts |
I know the pricing in the book isn't exact, but its nice to get a ball park figure of what I can expect to pay and in this case its way off base.
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Pillar of the Community
United States
687 Posts |
They write the Red Book with a computer, not a crystal ball. |
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Pillar of the Community
United States
3345 Posts |
Quote:
In conclusion, this collector says precious metal prices are ruining collecting for those on a limited budget wanting uncirculated examples. Honestly you're right. I hate it that I want to collect Seated Liberty halves but simply can't afford it due to silver right now. |
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Pillar of the Community
United States
3402 Posts |
Rachums107: Bullion prices shouldn't stop you from collecting Seated Liberty halves since your only adding the bullion value increase to the numismatic value. It's the newer silver that's getting clobbered. KK |
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Pillar of the Community
United States
4867 Posts |
Everyone is buying up all the silver just for the silver content. So it increases the demand and makes it tougher for actual collectors to get a coin for your collection at a reasonable price.
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Pillar of the Community
United States
2602 Posts |
I didn't think Seated Liberty halves changed all that much. They were running $15-20 each for low grades, and now are $20-30 range. They've only climbed slightly and are much closer to buillion value |
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Bedrock of the Community
United States
17884 Posts |
Quote:Ok so I am browsing the Red Book looking at half dollars. I saw M63 1964 halves priced at $13 so I'm thinking hmm, not too terrible. So I go onto ebay thinking I could snag a deal and guess what? Those are nearly double in price or more than what Red Book says. What do you expect? If you are using the 2012 RedBook you are looking at prices that were established with what silver was in mid to late 2010. Silver prices have risen. Do you expect the prices listed in the book to somehow change along with it? If it was a digital version you might be able to get it to but not a printed book. It would be nice if they would put in the book what the silver price was when the prices were compiled. They have that for the gold but my copy of the RedBook (2006) doesn't have it for silver. (they might now, look at the start of the first silver coins) Quote:Honestly you're right. I hate it that I want to collect Seated Liberty halves but simply can't afford it due to silver right now. The price of silver has very little to do with the price of Seated Liberty halves except in the lowest grades for the most common pieces. And if the silver price is keeping you from buying those then I'm sorry to say you probably don't have too much chance of getting very far except for maybe a date set. |
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Pillar of the Community
United States
7629 Posts |
As usual, I am with Conder101 on this. NO printed book is dynamic in nature, which is why we have the web.
...and the word is "irrelevant"
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Valued Member
United States
439 Posts |
I think the Seated Liberty comment was meant to be joke. I agree that it is better used as a rarity guide then a price guide. Personally I use the Blue Book when buying and the Red Book when selling. That said, ebay is the best price indicator out there. Real people, real money, real time. Don't forget the fees. |
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Pillar of the Community
United States
4989 Posts |
Mint State 1964 half dollars are worth bullion value. COMMON AS DIRT.
$15.07 at this point in time. Don't pay more under any circumstances if so you are just overpaying for silver.
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Moderator
 United States
187702 Posts |
Quote:It would be nice if they would put in the book what the silver price was when the prices were compiled. They have that for the gold but my copy of the RedBook (2006) doesn't have it for silver. (they might now, look at the start of the first silver coins) The 2009 Red Book I keep at work has the spot price at the beginning of each denomination ($16 ounce silver and $900 ounce gold). Page 412 has the Bullion Value tables. |
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Bedrock of the Community
United States
17884 Posts |
I'm glad to hear they finally put it in.
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Replies: 13 / Views: 1,716 |
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Posted 08/30/2011 9:53 pm
