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<p>[QUOTE="dannic113, post: 1453331, member: 35203"]CC the bigger issue with red book is that the prices aren't so much a price guide but kind of a futures guide. It tells where the coin is predicted to be valued in the future. Unfortunately no one can predict demand of collectors. Statehood quarters for example in MS-65 were valued at $5 in red book yet you could walk into any brick and motar store or even get them from national online dealers (NOT Littleton type places) for alot less usually .75 to 1.50. Same side of things just because a 1909Svdb is said by red book to be somewhere around 1600 in MS60 a buyer who really wants or need the coin may pay 1800 or 2K.</p><p>The point bu and desmith's point are also valid as it takes months for a writer to amass the price info, then submit it to a publisher and then months for the publisher to publish millions of copies and then it may sit until the release date. So you are at least 6 months removed from the authors stats. That's why the CDN is more accepted because the main part comes out every week and the quarterly parts come out every other month plus a every month suppliment. Now most non rare "current" issues such as common date and mint mark wheat cents, non silver quarters, nickels things of that nature won't change much at all unless there is a sudden high demand from collectors the CDN info doesn't change as often as you'd think. I personally only buy the recent CDN packs once a quarter. As long as you can calculate rising metals costs properly to make the adjustments yourself you can save alot of money from a yearly CDN membership. Remember even dealers don't change their prices that regularily mine in chicago don't unless it's like a 5-10% jump up or down excluding silver, gold and platinum as those change on a daily basis. Type coins are another one where there aren't that many around or series where there may be a month of hot interest and then it may cool down again for 6 months. Most average collectors can use monthly price guides and deduct 20-50% off their assumptions depending on series. Moderns like the state quarters, 2009 cents, etc. take about 70% off what the red books and monthly mags say.[/QUOTE]</p><p><br /></p>
[QUOTE="dannic113, post: 1453331, member: 35203"]CC the bigger issue with red book is that the prices aren't so much a price guide but kind of a futures guide. It tells where the coin is predicted to be valued in the future. Unfortunately no one can predict demand of collectors. Statehood quarters for example in MS-65 were valued at $5 in red book yet you could walk into any brick and motar store or even get them from national online dealers (NOT Littleton type places) for alot less usually .75 to 1.50. Same side of things just because a 1909Svdb is said by red book to be somewhere around 1600 in MS60 a buyer who really wants or need the coin may pay 1800 or 2K. The point bu and desmith's point are also valid as it takes months for a writer to amass the price info, then submit it to a publisher and then months for the publisher to publish millions of copies and then it may sit until the release date. So you are at least 6 months removed from the authors stats. That's why the CDN is more accepted because the main part comes out every week and the quarterly parts come out every other month plus a every month suppliment. Now most non rare "current" issues such as common date and mint mark wheat cents, non silver quarters, nickels things of that nature won't change much at all unless there is a sudden high demand from collectors the CDN info doesn't change as often as you'd think. I personally only buy the recent CDN packs once a quarter. As long as you can calculate rising metals costs properly to make the adjustments yourself you can save alot of money from a yearly CDN membership. Remember even dealers don't change their prices that regularily mine in chicago don't unless it's like a 5-10% jump up or down excluding silver, gold and platinum as those change on a daily basis. Type coins are another one where there aren't that many around or series where there may be a month of hot interest and then it may cool down again for 6 months. Most average collectors can use monthly price guides and deduct 20-50% off their assumptions depending on series. Moderns like the state quarters, 2009 cents, etc. take about 70% off what the red books and monthly mags say.[/QUOTE]
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