2019 Redbook us coins

Indeed, and perhaps we do harp on the pricing/values issues a tad too much, at least without clarifying.

I again tried to find the aforementioned link in which Whitman explains their values, but had no luck. Still, let me try to give an example that may bring home the point better than simply stating it...

Let's say Joe Schmo has a coin shop and has for many decades learned all of the intricacies of his market, particularly with more common or commonly traded material. Let's say Mr. Schmo decides to place all of his experience into book form by publishing a price guide, not so much to be used only in his shop but anywhere/everywhere. However, instead of using the data from actual sales he places a value upon coins based upon what he thinks they should be worth in a retail setting. How many collectors would take Joe's values seriously and without a healthy dose of skepticism?

Perhaps some will disagree, but my guess is that most would be highly skeptical of a dealer pricing the very items he sells and rightly so. This considered, and while there are obvious differences between Joe and the red book, they share the same method.

 

Log in or Sign up to hide this ad.

I am speaking od catalogues in general....To get the closest price and with experience, try to go 4 years back if not more...Personally with world coins i use a book that is 17 to 18 years old and that way the buyer knows i am not charging up to date full price....But that is why we are all different...I like the next person to get bargain as well as myself...oio

 

You stated that Joe Schmo would place a price on what he thinks they would be worth.... Well that is not all 100% true as the items really are only worth what a person / collector/ investor . speculator is willing to pay for them...NO MORE AND NO LESS!!!....oio

 

It took me 3 minutes for figure out what 'oio' stood for...........I'm not the sharpest tack in the box this evening.

 

Seriously?

Simply unbelievable...

 

That is your opinion

 

Hey green...why go to the length of typing it in full if it can be abbreviated....

On top of that, i want to back up what i said before...You people use the 2019 book whilst mine is a decade earlier...Take a look. Therefore my prices to sell to customers and to the trade are more realistic

 

I've got a 2015 Red Book on the 'tablet', a 2013 in the back pack that I take to shows, and a 2008 on the night stand that I use while talking to you chums.......

All for pure reference and not determining pricing. I like the pricing aspect of Red Book, but mine are so out of date that I'd likely get hosed in a gunfight. I peruse Heritage Auctions to determine what is fair at the moment, and if at a show (2013) I wing it a bit. What I buy don't change too much 'price wise'.......

 

I 100%agree

 

I

it my self
I Use

 

You Thai? I dunno, the tea house thing........I just wanna know. You from Thailand?

 

And please don't tell me you're from New Jersey...........

 

I am from Jersey and no I am not Thai , I'm actually a Tibetan Buddhist

 

Kripes......i fold.

 

You guys are too pure......

 

It has absolutely nothing to do with "opinion", but does have everything to do with context and reading comprehension.

It's okay though; feel free to ignore the obvious. Why bother to discuss the realities behind red book pricing/values, perhaps enlightening others in the process, when we can spew meaningless crap? The entire point went flying over your head...

 

Kripes Books........you gotta lay off the sauce brother......

 

Hey green

Hey green...take no notice of it...Just patronize him and say yes dear what ever you say dear...lol

 

Close enough