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<p>[QUOTE="Vess1, post: 527555, member: 13650"]I don't think anybody expects up to the second or even up to the month accurate pricing from an annually printed book. It's just rough ballpark estimates to get you within 20-50 dollars the vast majority of the time. Many times, it's much more accurate than that. Even over the entire year. </p><p><br /></p><p> Except for the most volatile, hottest coin types on the market, how much does a MS-64, 1881-S Morgan really change on a monthly basis? Unless bullion is swinging wildly?</p><p><br /></p><p> If somebody inherits a collection and knows nothing, they should be able to buy a Red Book and get a very good idea of the dollar value of the collection. In that sense, I wouldn't call the price guide useless. To say they're not useful is an exaggeration IMO.</p><p><br /></p><p> I guess it all depends on what you're using it for. A basic $50-$100 coin this year is probably going to be around that next year and is not going to swing hundreds of dollars over the course of a year.[/QUOTE]</p><p><br /></p>
[QUOTE="Vess1, post: 527555, member: 13650"]I don't think anybody expects up to the second or even up to the month accurate pricing from an annually printed book. It's just rough ballpark estimates to get you within 20-50 dollars the vast majority of the time. Many times, it's much more accurate than that. Even over the entire year. Except for the most volatile, hottest coin types on the market, how much does a MS-64, 1881-S Morgan really change on a monthly basis? Unless bullion is swinging wildly? If somebody inherits a collection and knows nothing, they should be able to buy a Red Book and get a very good idea of the dollar value of the collection. In that sense, I wouldn't call the price guide useless. To say they're not useful is an exaggeration IMO. I guess it all depends on what you're using it for. A basic $50-$100 coin this year is probably going to be around that next year and is not going to swing hundreds of dollars over the course of a year.[/QUOTE]
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