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About how much are Redbook values inflated?
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<p>[QUOTE="RaceBannon, post: 1139976, member: 25357"]My experience with RedBook prices is that across the board, they average 10-30% over GreySheet prices. That is an over-generalization, as Illini points out, there are cases in which RedBook prices are much lower than what market prices for a given coin are.</p><p> </p><p>Also with the RedBook you have to be careful because it only comes out once a year. In a year like the last one, in which gold and silver bullion prices have shot through the roof, you are going to find that the RedBook value will be much lower than market prices for many coins. Heck, the bullion conversion value table for silver US coins in the 2011 RedBook tops out at $22/oz.<img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie9" alt=":eek:" unselectable="on" unselectable="on" /></p><p> </p><p>Still I find it to be a great reference, but if I'm hunting a specific coin, I'll cross reference the RB price with GreySheet and recent prices realized at auction (ebay/heritage).[/QUOTE]</p><p><br /></p>
[QUOTE="RaceBannon, post: 1139976, member: 25357"]My experience with RedBook prices is that across the board, they average 10-30% over GreySheet prices. That is an over-generalization, as Illini points out, there are cases in which RedBook prices are much lower than what market prices for a given coin are. Also with the RedBook you have to be careful because it only comes out once a year. In a year like the last one, in which gold and silver bullion prices have shot through the roof, you are going to find that the RedBook value will be much lower than market prices for many coins. Heck, the bullion conversion value table for silver US coins in the 2011 RedBook tops out at $22/oz.:eek: Still I find it to be a great reference, but if I'm hunting a specific coin, I'll cross reference the RB price with GreySheet and recent prices realized at auction (ebay/heritage).[/QUOTE]
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