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Does the redbook do beginer collectors a disservice
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<p>[QUOTE="medoraman, post: 1431022, member: 26302"]And realized prices might be worst. </p><p><br /></p><p>Listen, there physically IS no way to have a price guide you can rely on in this hobby. Way too many variables within the grade and every coin is unique. Couple this with dealers serving all levels of collectors, (I am sure a vest pocket dealer can afford to sell cheaper than a BM shop, who can sell cheaper than Littleton, who can sell cheaper than HSN). Then there is the variability of bidding wars, etc. How would it be possible to take all of this information and come up with ONE price your XF is worth? Answer, its not possible. I don't care what methodology is ever used, the day a price guide comes out I can show you 98% of all sales are not selling for exactly that amount. Period. They physically cannot work, so therefor the best use of any of them is as a reference point, to get you in the ballpark on whether that is a $5 or a $500 or a $50,000 coin, and then the price will be what is mutually acceptable between two people.</p><p><br /></p><p>Its simply messy, and no amount of hoping will ever change that. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie3" alt=":(" unselectable="on" unselectable="on" /></p><p><br /></p><p>How is that for a recap Doug?[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1431022, member: 26302"]And realized prices might be worst. Listen, there physically IS no way to have a price guide you can rely on in this hobby. Way too many variables within the grade and every coin is unique. Couple this with dealers serving all levels of collectors, (I am sure a vest pocket dealer can afford to sell cheaper than a BM shop, who can sell cheaper than Littleton, who can sell cheaper than HSN). Then there is the variability of bidding wars, etc. How would it be possible to take all of this information and come up with ONE price your XF is worth? Answer, its not possible. I don't care what methodology is ever used, the day a price guide comes out I can show you 98% of all sales are not selling for exactly that amount. Period. They physically cannot work, so therefor the best use of any of them is as a reference point, to get you in the ballpark on whether that is a $5 or a $500 or a $50,000 coin, and then the price will be what is mutually acceptable between two people. Its simply messy, and no amount of hoping will ever change that. :( How is that for a recap Doug?[/QUOTE]
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