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<p>[QUOTE=&quot;cladking, post: 2477342, member: 68&quot;]It may not seem like it the last few months but I actually have a lot of sympathy for the authors of the Redbook.&nbsp; They didn&#039;t create the grading mess and it&#039;s hardly fair that they should have to fix it.&nbsp; But the fact remains that their pricing is exceedingly misleading on modern coins and they are doing this market a tremendous disservice.&nbsp; For instance they list the &#039;83-P&nbsp; quarter at $7 in MS-63.&nbsp; In my experience not even one coin in five of this date will qualify at such a high grade due to excessive marking and a little trouble with badly worn or misaligned dies.&nbsp; That means if you went through five rolls of these you could put together about a roll of MS-63&#039;s.&nbsp; A couple of them would be MS-64 and one of these might make MS-65 (almost).&nbsp; So Redbook is saying this cherry roll is worth $280. </p><p>&nbsp;</p><p>This is utter nonsense.&nbsp; The reality is that a normal roll (MS-60) wholesales upward of $800 and the cherry roll would slab for about $1800 (on average).&nbsp; So what&#039;s worth $7?&nbsp; The only way to pick up an &#039;83-P for $7 is a dog sitting in dealer stock. But be careful because a lot of these dogs bite; they have a rub.&nbsp; An XF on ebay often sells for $7 and this coin is exceedingly common in XF and is unusual in MS-63.&nbsp; Probably fewer than 15,000 of these exist in MS-63. </p><p>&nbsp;</p><p>How can a market for beginners exist when the price guide for beginners is so far out of touch?[/QUOTE]</p><p><br /></p>

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