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CoinTalk > Coin Forums > Coin Chat OK to Take Redbook to a show or shop??

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Page 1 of 3 1 2 3 >   LinkBack Thread Tools Rate Thread Display Modes 08-17-2009, 09:52 PM   #1 (permalink) Curio Bill Junior Member   Join Date: Aug 2008 Posts: 31 OK to Take Redbook to a show or shop?? Calling Miss Manners..... Is it considered "bad form" to Take a Redbook to a coinshow or shop to see what the coin "books for" during negotiations with the dealer?? Thanks, Bill   08-17-2009, 09:55 PM   #2 (permalink) Harryj Supporter**   Join Date: May 2008 Posts: 1,931 My Mood: I would say no, not at all. Bring the book. Remember some slabbed key dates will sell at PCGS prices. __________________ Last edited by Harryj; 08-17-2009 at 10:12 PM.   08-17-2009, 09:56 PM   #3 (permalink) umn25 YN- Still learning...     Join Date: Aug 2008 Location: NEO Posts: 205 My Mood: Negotiating using the Redbook is not a good idea, but seeing if the price is in the right area would be ok. It's fine to take it with you, I've been using mine as a marker for coins I have and need. __________________ UMN25 BUCKEYE STATE   08-17-2009, 09:57 PM   #4 (permalink) k9brain Junior Member     Join Date: Jun 2009 Location: Jersey Shore Posts: 79 I never go anywhere without some sort of guide. Lesser dealers will tell you that you brought the wrong guide, BTW.   08-17-2009, 09:59 PM   #5 (permalink) illini420 1909 Collector     Join Date: Jul 2009 Location: Calabasas, CA Posts: 1,088 My Mood: I take my Redbook to every show I attend, not as my primary price reference, but more of a guide to fall back on in case I run into something really cool that I know little about. The Redbook will give me some basic info as well as some rough pricing info. I'm not shy about using my Redbook or other notes I have at a show __________________ My 1908-S Indian Head Cent Grading Set http://tinyurl.com/bbzy8y My 1909 Mint Registry Set http://tinyurl.com/dj7nbg   08-18-2009, 11:31 AM   #6 (permalink) GDJMSP Numismatist     Join Date: Nov 2002 Location: PA Posts: 23,512 Quote: Originally Posted by Curio Bill Calling Miss Manners..... Is it considered "bad form" to Take a Redbook to a coinshow or shop to see what the coin "books for" during negotiations with the dealer?? Thanks, Bill By all means take it with you. But what the coin "books for" as you put it is worthless. The prices listed for coins in the Red Book are so far from reality that it's not even funny. __________________ knowledge ..... share it   08-18-2009, 11:50 AM   #7 (permalink) acepharmer Junior Member   Join Date: Jul 2009 Location: Eastern, Ky Posts: 11 A number of years ago I had some price quides for guns. The prices in those books were usually seriously overinflated. Especially for new guns, because they just listed the MSRP which is always rediculous. I have seen a Blue Book for coins that is supposed to wholesale prices. Does the Blue Book give you a much more realistic price?   08-18-2009, 11:57 AM   #8 (permalink) Just Carl Numismatist   Join Date: Nov 2005 Posts: 4,472 Not always true but most dealers think of someone with a Red Book as a true amateur and someone to take advantage of. It's OK to take one with but I'd for sure not let them see you with one. One nice thing about that book is the prices are so highly overly done that if you see a coin selling for that price or more, you well know something is out of order. At a recent coin show I saw a 1944S Walking LIberty Half for over $400 in MS-63. I borrowed a Red Book and was shocked that that coin was only a fraction of that even in the Red Book.   08-18-2009, 11:58 AM   #9 (permalink) GDJMSP Numismatist     Join Date: Nov 2002 Location: PA Posts: 23,512 Quote: Originally Posted by acepharmer I have seen a Blue Book for coins that is supposed to wholesale prices. Does the Blue Book give you a much more realistic price? No, the Blue Book is also pretty much worthless in regard to prices. There really is only 1 price guide that is worth anything - the Grey Sheet. And even that can only be used a ballpark figure for many coins. There are coins that sell for 10 times what is listed in the Grey Sheet and coins that sell for less than what is listed in the Grey Sheet. __________________ knowledge ..... share it   08-18-2009, 12:18 PM   #10 (permalink) DoK U Mint In Odd we Trust     Join Date: May 2009 Location: Bluegrass Posts: 433 My Mood: Take it or Leave it/or Why Can't you take it with you? Quote: Originally Posted by GDJMSP By all means take it with you. But what the coin "books for" as you put it is worthless. The prices listed for coins in the Red Book are so far from reality that it's not even funny. This is a great thread. Having never been to a "show" but someday hoping to go, I indeed would intend to take some info/tools with me. I hope the SELLER would look at the RB, knowing: "YEP! That's what ya can buy one fer. Now read down the columns. See the left side & the right side column figures? Well, This item here is Special!"......etc..... This is like asking if it is rude to take a loupe. If the deal spooks because of facts who wants to be involved in such a deal? NEW QUESTION~What if you take a NetBook? Then, if there is a hotspot, you have to contend with~ "What's it gonna take for that to become mine?" ...followed by a few key stroke...eyebrows shifting...lips pursing... screen shading moments followed by some chin scratching....and followed by...... You mean RIGHT NOW? __________________ "We're all ignorant, just on Different Subjects." Will Rogers   08-18-2009, 12:38 PM   #11 (permalink) GDJMSP Numismatist     Join Date: Nov 2002 Location: PA Posts: 23,512 Dealers at a show or in their shops will use the Grey Sheets or nothing at all. But the Grey Sheet is a listing of wholesale prices (dealer to dealer) - not retail (dealer to collector). So don't be surprised when you (the collector) can't buy coins for the price listed in the Grey Sheet. __________________ knowledge ..... share it   08-18-2009, 12:48 PM   #12 (permalink) acepharmer Junior Member   Join Date: Jul 2009 Location: Eastern, Ky Posts: 11 Another newbie question: Where does one get a grey sheet? I have not been to a coin show either, but what I can gather, there a few things most beginners would want to take with them. Does this sound about right? check list/ want list pricing guide loupe/ magnifier are there any other essentials??   08-18-2009, 12:58 PM   #13 (permalink) GDJMSP Numismatist     Join Date: Nov 2002 Location: PA Posts: 23,512 Quote: Originally Posted by acepharmer Another newbie question: Where does one get a grey sheet? I have not been to a coin show either, but what I can gather, there a few things most beginners would want to take with them. Does this sound about right? check list/ want list pricing guide loupe/ magnifier are there any other essentials?? Right Here - Grey Sheet That's about it. But I'd suggest leaving your money at home the first time. Unless you plan to buy books or supplies. __________________ knowledge ..... share it   08-18-2009, 01:01 PM   #14 (permalink) DoK U Mint In Odd we Trust     Join Date: May 2009 Location: Bluegrass Posts: 433 My Mood: Quote: Originally Posted by acepharmer Another newbie question: Where does one get a grey sheet? I have not been to a coin show either, but what I can gather, there a few things most beginners would want to take with them. Does this sound about right? check list/ want list pricing guide loupe/ magnifier are there any other essentials?? $$ __________________ "We're all ignorant, just on Different Subjects." Will Rogers   08-18-2009, 11:49 AM   #15 (permalink) mcarney1173 Senior Member     Join Date: May 2009 Location: Philadelphia Posts: 286 My Mood: Blog Entries: 2 Quote: Originally Posted by Curio Bill Calling Miss Manners..... Is it considered "bad form" to Take a Redbook to a coinshow or shop to see what the coin "books for" during negotiations with the dealer?? Thanks, Bill See, I always take it to shows, dealers etc. But I never would take it to a local flea market or yard sale. If someone has a "hidden treasure" that they are selling for a thousand times less than its worth, having a price guide would only further show my coin expertise and make an unsuspecting seller more suspicious as to what their coin is really worth.   Page 1 of 3 1 2 3 > Bookmarks Digg del.icio.us StumbleUpon Google Would you like to support CoinTalk? Coin Talk Code of Honor 1. Post unto others as you would have them post unto you. 2. Keep it clean, like a 1950s family television show. 3. 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