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<p>[QUOTE="CoinCorgi, post: 25369835, member: 88934"]I would caution against using the Red Book as a source for determining value/worth of coins. Typically, the price listed in the Red Book is <i>significantly </i>higher than what a dealer would pay, and <i>somewhat </i>higher than what another collector would offer. The dealer is trying to make money so he has to buy for less than he can sell it at. A collector might pay more because he wants it and is not necessarily trying to make money. I'm a collector and I for sure won't make a lick of profit if I were to sell my collection.</p><p><br /></p><p>So, the quick fix is to take 50%-60% of the Red Book value and use that as your realistic expectation. Slow fix is to spend the rest of your life (considering that there are thousands of coins) trying to research past auctions, etc. to estimate value (the latter is what everyone here will recommend <span style="color: #ff4d4d">edited</span>).</p><p><br /></p><p>I don't know anything about CoinSnap...does it offer an estimate of value/worth?[/QUOTE]</p><p><br /></p>
[QUOTE="CoinCorgi, post: 25369835, member: 88934"]I would caution against using the Red Book as a source for determining value/worth of coins. Typically, the price listed in the Red Book is [I]significantly [/I]higher than what a dealer would pay, and [I]somewhat [/I]higher than what another collector would offer. The dealer is trying to make money so he has to buy for less than he can sell it at. A collector might pay more because he wants it and is not necessarily trying to make money. I'm a collector and I for sure won't make a lick of profit if I were to sell my collection. So, the quick fix is to take 50%-60% of the Red Book value and use that as your realistic expectation. Slow fix is to spend the rest of your life (considering that there are thousands of coins) trying to research past auctions, etc. to estimate value (the latter is what everyone here will recommend [COLOR=#ff4d4d]edited[/COLOR]). I don't know anything about CoinSnap...does it offer an estimate of value/worth?[/QUOTE]
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