I've been collecting for about 6 years now. I'd always used the Red Book to gauge the 'value' of my coins, knowing full well that Red Book prices are inflated. In fact I usually try and pay somewhere between Greysheet bid and ask. Looking at the Redbook values makes me feel good in that I can say I usually got a "deal", and those figures are what I use to insure my collection, as those prices reflect the replacement value of my coins. But I recently bought my first copy of the Bluebook, in theory what dealers will offer to pay you for your coins....jeeesh how depressing! I think I could do better than Blue Book prices if I just listed the coins on EBay with no reserve and let the market determine their value. Heck, if the spread is that large, I ought to be a coin dealer! The profit margin is huge! What are your thoughts/experiences with Blue Book vs Red Book vs Grey Sheet prices for coins?
Somewhere between Greysheet bid and ask is a decent strategy. I also like to monitor recent auctions to see what people are generally willing to pay for coins. TC
When I have sold to dealers they have always paid me more than Blue book. Now that I think about it I have sold to dealers for more than Red book. but that only happened because he had a buyer lined up.
