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<p>[QUOTE="World Colonial, post: 2476581, member: 78153"]What you stating is not opinion, it is a fact and exceptions though maybe numerous do not disprove it.</p><p><br /></p><p>The Red Book and Blue Book are annual price guides. The idea that prices remain more or less fixed for a year in the internet age has no credibility.</p><p><br /></p><p>I will agree that for the almost exclusive low value material that most dealers may hold as inventory where most of it is US, these coins may sell at Red Book prices. The same applies to low priced world coins which US dealers offer at the Krause list.</p><p><br /></p><p>The reason I can see this being true is because dealers are the primary buyers and can set the market level. </p><p><br /></p><p>However, this isn't remotely true of any coin which is actually scarce (however defined) or for most coins selling above nominal prices. For world coins, I can tell you flat out that Krause just makes the prices up. Outside of low priced coins as I described, coins only sell at the Krause price by coincidence and the list prices don't match price guides in the home market either.</p><p><br /></p><p>For US coins, I have read numerous posts on both the NGC and PCGS forums which have stated that the Greysheet isn't accurate for any number of coins and series either because too many coins aren't "widgets" where multiple examples of the same coin even in the same grade are actually worth the same price. This is either a weekly or monthly publication. </p><p><br /></p><p>If this is true of the Greysheet, how can the Red Book or Blue Book possibly be accurate?[/QUOTE]</p><p><br /></p>
[QUOTE="World Colonial, post: 2476581, member: 78153"]What you stating is not opinion, it is a fact and exceptions though maybe numerous do not disprove it. The Red Book and Blue Book are annual price guides. The idea that prices remain more or less fixed for a year in the internet age has no credibility. I will agree that for the almost exclusive low value material that most dealers may hold as inventory where most of it is US, these coins may sell at Red Book prices. The same applies to low priced world coins which US dealers offer at the Krause list. The reason I can see this being true is because dealers are the primary buyers and can set the market level. However, this isn't remotely true of any coin which is actually scarce (however defined) or for most coins selling above nominal prices. For world coins, I can tell you flat out that Krause just makes the prices up. Outside of low priced coins as I described, coins only sell at the Krause price by coincidence and the list prices don't match price guides in the home market either. For US coins, I have read numerous posts on both the NGC and PCGS forums which have stated that the Greysheet isn't accurate for any number of coins and series either because too many coins aren't "widgets" where multiple examples of the same coin even in the same grade are actually worth the same price. This is either a weekly or monthly publication. If this is true of the Greysheet, how can the Red Book or Blue Book possibly be accurate?[/QUOTE]
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