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<p>[QUOTE=&quot;bhp3rd, post: 586836, member: 16510&quot;]<b>The prices of coins changes every minute of every day</b></p><p><br /></p><p>The prices of coins changes every minute of every day, sort of.&nbsp; Like all things the price books are variable, like said just a guide.</p><p>To be really in tune with what the price of&nbsp; coins is you need to be in it as a business and even then it will depend.&nbsp; There are so many factors involved - the scenario&#039;s could fill this entire site to over flow and then some.</p><p>I really feel for the MBA, Accountant or engineer because they tend to want things completely explained with no grey areas.&nbsp; This would be very frustrating I&#039;m sure if they are in the coin business.</p><p>If coin A is priced in the Red Book for $100 in AU-58 and for $65 in the grey sheet and then $80 in trends all these prices are correct, for example.</p><p>The person selling the coin may want $105 but be willing to come down to $95 but then you show him the sheet that says $65 and he will say, and it may very well be true, &quot;I gave over $80 for it because it was so nice and original and looks much better that any MS-62 or 61&#039;s I&#039;ve ever seen&quot;.&nbsp; How can you argue with that?&nbsp; Then you pass on the coin and for 3 years you wish you had bought that coin because you have not even seen one like it since.&nbsp; If you found that dealer you would now gladly give him $100 so the price was right all along for that coin - remember all coins are not created equally.</p><p>The above is only one scenario out of millions (billion) that can occur with the pricing of coins.&nbsp; It ain&#039;t Wall mart you&#039;all the trick is to know your coin and take your time - when you need a coin in X condition it is your job to try and know as much as, even a tad bit more than the person selling it.&nbsp; Then you get the price that is right for that coin at that time.</p><p>I been collecting and selling for over a decade now, (did it in the sixties some also)&nbsp; and still only know about 30% of what more experienced dealers know - if you think you can get your arms around this in 2 years or 5 years you are mistaken - it&#039;s like golf, if you started when you were 7 and played it every week until you were 65 you&#039;d be pretty good - that&#039;s about the way it is in any hobby or pursuit that has this many variables.[/QUOTE]</p><p><br /></p>

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