I was going to buy the 2011 books , should I wait for 2012 to be released ? Or does it really not matter due to Numismatic values of US coins
I buy the newest available when I need it. They are awesome for refrence material and information sources but one should never make monitary decisions based solely on either of these books. Look what prices are being payed for the coins your looking into on sites such as Ebay and Heritage auctions. This should give you a ballpark to start in.
The prices in these books are outdated before the books ever get to the public. It's best to use them mainly for reference.
On a similar note, I feel it would be interesting to know what the silver/gold spot price is used in the Red Book - just to make it a little easier for a beginner such as myself to adjust the given values for fluctuation in PM prices.
If you look at the beginning of the Silver and Related dollars section in the red book, there is table and the note for the table states the bullion price of silver used. And the same can be found with the similar table at the beginning of the Gold Section. For the 2011 edition, it is stated Silver Bullion of $20/oz Gold Bullion of $1,200/oz
HA! Thanks! lol, I googled for like 45 minutes one night trying to find that, and the answer was right in front of me the whole time!
Although you will get a little closer with the prices in the Coin Dealer Newsletter , it will have some definite draw backs depending on what you collect. First being the Price..I think its over $100 bucks a year. Second is the limited amount of coins it actually covers.. IMO a good way to get your prices are like BALD SPARTAN said check Ebay and Heritage ended auction prices and maybe buy an issue of the GreySheet a couple times a year(especially if you are planning on making a purchase at a show or local dealers just to get an idea of what you can expect to spend.)
My Ebay days are over ,, to buy coins anyway I do have a Dealer I trust in another State and they hand pick what I request and ship to me What I found on Ebay is you might pay less maybe more .. but being genuine and the right condition you expect don't always add up correct, Not that I doubt my dealer or anything but whatever coins that may not be in my security box should be appraised and properly insured in case of fire,flood, theft and so on Showing insurance agent in print seems better to me then guessing or using E-PAY prices
My grandpa has a TON of those red books, but i dont know if he has any blue books. ****P.S.**** Im a beginner where should i start? message me with the answer. thanks!
Well since you are looking for a price guide to insure your coins Redbook prices or CoinWorld Coin Values would probably be better for you. But I thought you were asking for prices to compare when purchasing coins and Completed auctions on ebay and heritage will give you an idea of what coins are actually selling for. Remember just because a price guide says the coin is worth X doesn't mean you can buy it or sell it for that price.
I understand ,, as a reference isnt blue what a dealer may give you -- Red what a dealer may sell to you for ? as well as insurance, a little knowledge might help me as well .. The more I learn the more dangerous I can be to myself
I don't read the blue book, but I doubt a dealer would offer you blue book prices for any coin they wanted to purchase from you. And most would probably love to sell to you at redbook prices, but most times knowing what the coin is actually selling for should save you from that fate. And you can always go to Numismedia for more current retail pricing. Most prices are still a bit high, but more in line with retail market pricing.
