Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
Conflicting Values
>
Reply to Thread
Message:
<p>[QUOTE="GDJMSP, post: 185049, member: 112"]In the Red Book it states - </p><p><br /></p><p>"Coin values shown in this book are retail prices figured from data supplied by the listed contributors approximately 2 months prior to publication."</p><p><br /></p><p>Now depending on what edition that wording varies slightly, but it's always basically the same. And as with any price guide, they tend to list only the highest asking prices. As I have said before, they do this on purpose. Listing high values stimulates activity in the coin market because it makes people thin that their coins are worth more than they actually are. That causes more people to enter the hobby, causes existing collectors to be more agressive in their buying and their selling. And that's how these people, ( coin dealers and the publishers of the guides ) make their living - by buying and selling coins and price guides. So it is their best interest to publish the highest prices they can.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 185049, member: 112"]In the Red Book it states - "Coin values shown in this book are retail prices figured from data supplied by the listed contributors approximately 2 months prior to publication." Now depending on what edition that wording varies slightly, but it's always basically the same. And as with any price guide, they tend to list only the highest asking prices. As I have said before, they do this on purpose. Listing high values stimulates activity in the coin market because it makes people thin that their coins are worth more than they actually are. That causes more people to enter the hobby, causes existing collectors to be more agressive in their buying and their selling. And that's how these people, ( coin dealers and the publishers of the guides ) make their living - by buying and selling coins and price guides. So it is their best interest to publish the highest prices they can.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
Conflicting Values
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...