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<p>[QUOTE="BDT13, post: 13013, member: 1131"]Hey everyone,</p><p><br /></p><p>I've always been interested in coin collecting, and have finally decided to dive in head first <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /></p><p><br /></p><p>I'm doing my research, and I'm confused about coin prices. I picked up the red book and the prices I see in there for, say, a ms 65 or a proof are not even close to the prices I see that online dealers want for these coins.</p><p><br /></p><p>For example, thinking I'd start out relatively simply, I was looking at modern Licoln pennies. Red book value is 20 cents for most of these in MS 65, and about 3 - 4 bucks for proof. I've seen a lot of online dealers listing prices 4 to 5 times these amounts! Why the difference? Is the Red Book just not an accurate assessment or is there something more to these coins that the dealers are offering?</p><p><br /></p><p>Thanks,</p><p><br /></p><p>A newbie coin collector <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="BDT13, post: 13013, member: 1131"]Hey everyone, I've always been interested in coin collecting, and have finally decided to dive in head first :) I'm doing my research, and I'm confused about coin prices. I picked up the red book and the prices I see in there for, say, a ms 65 or a proof are not even close to the prices I see that online dealers want for these coins. For example, thinking I'd start out relatively simply, I was looking at modern Licoln pennies. Red book value is 20 cents for most of these in MS 65, and about 3 - 4 bucks for proof. I've seen a lot of online dealers listing prices 4 to 5 times these amounts! Why the difference? Is the Red Book just not an accurate assessment or is there something more to these coins that the dealers are offering? Thanks, A newbie coin collector :)[/QUOTE]
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