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Does the redbook do beginer collectors a disservice
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<p>[QUOTE="Kasia, post: 1430152, member: 31533"]The problem with the red book is only that beginners/novices think that those prices are representative and that the market is slow enough to react and go up that the redbook prices can be used to accurately determine what should be paid and what shouldn't be paid for a coin (i.e. if you pay more, you're ripped off, and if you paid less, you got a deal).</p><p><br /></p><p>That's not true, and it's taken me being on this forum and reading posts about that that is finally getting me to think, everytime I look up a price in the redbook, bluebook, NNews Coin Market, or other magazines, that I have to take those with a grain of salt, and not depend on them.</p><p><br /></p><p>But the redbook is a start for all US coin hobbiests, as it does give you the info on the coin, and to me, it give a relative scale of desirabilty (in general) of which of the series coins are key and which aren't.[/QUOTE]</p><p><br /></p>
[QUOTE="Kasia, post: 1430152, member: 31533"]The problem with the red book is only that beginners/novices think that those prices are representative and that the market is slow enough to react and go up that the redbook prices can be used to accurately determine what should be paid and what shouldn't be paid for a coin (i.e. if you pay more, you're ripped off, and if you paid less, you got a deal). That's not true, and it's taken me being on this forum and reading posts about that that is finally getting me to think, everytime I look up a price in the redbook, bluebook, NNews Coin Market, or other magazines, that I have to take those with a grain of salt, and not depend on them. But the redbook is a start for all US coin hobbiests, as it does give you the info on the coin, and to me, it give a relative scale of desirabilty (in general) of which of the series coins are key and which aren't.[/QUOTE]
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