Hi, I noticed that red book prices and coin magazine prices seem to differs greatly. Which is a more accurate reflection of pricing? I'm really confused by the difference in pricing.
I've never placed much stock in the price guides published in magazines. You must keep in mind that the bulk of their income is derived from the dealers who pay a lot of money to advertise their inventory. Do you really think the publishers of these magazines would want to ruffle their feathers by listing values that are too much different from the dealers' buy/sell prices? Chris
By the time the Red Book hit the market its prices are 1-1½ YEARS out of date. Auction results are your best guide. Problem is that common material doesn't show up in auctions (except for eBay).
When I sell a coin graded or raw all I expect is to get the $$ @ 1974thru today. So Red Book or price guide has not real meaning to me.
[quote="Treashunt, pos[/quote] Frank u know I buy a Red Book each year hard cover. But only open the cheap one your job is still safe .
I agree the red book is outdated when it's issued, but for the most part the prices don't vary all that much from their listings to completed prices at heritage, at least for the series I collect. I've found even prices from four or five years back are still comparable to today's prices. It may not be exact, as no priced guide is, but it's a great starting point.
We need to remember all priced in books and magazine on coins are based on opinions. I can verify that as I have 22+ experienced in collecting and grade comic books. Overstreet guide typical can't catch up on value of each comic books, but it's always nice to know the approx value then I can use that to leverage value on comic books to sell. eBay completed option is the best tools that I have been using for comic, sports cards and coins. IMO, it's a current value.
Frank u know I buy a Red Book each year hard cover. But only open the cheap one your job is still safe .[/quote] I won't sell I did buy as an investment so anything I have not sold will go to the estate when I am worm food or ashes.50+yrs buy before the metal went crazy.. Jr or my wife knows were it goes ,,,,,,,,-@..my2c
I don't know about that because I did research on value priced and typical ending auction value from different auction usually being different value by far. For example, raw Amazing Spider-man #300 NM has been selling between $70 to $130, but valued at $150 for NM- (9.2). Where did they calculated $150 from? IMO, they placed the value based on their own view that it should be valued at. Thus, it's an opinion.
The value of things is always changing too, so it might be wise to skip out on any books who offers a price. It is safest to just look up the price when you're going to buy or sell something.
Many people assume that statement to be true, but it is not true. The Red Book for example specifically states - Coin Values shown in this book are retail prices figured from data supplied by the contributors ....... And every magazine price guide, and every on-line price guide, even the Grey Sheet, clearly provides what their listed prices are based on. And not one of them bases their listed prices on realized auction averages, not one.
