Does anyone have a Red Book from the late 1940's to the early 1950's? My earliest was a 1963 edition that I gave to a budding collector for comparison to the newer editions. I'm interested in the prices listed for common date Large Cents in the "good" and "fine" grades. Any assistance would be greatly appreciated.
You should buy the reprint of the 1st Edition that came out last year. I bought one and it is fascinating to read knowing the values quoted are on the high side for then.
Hobo, I'm only interested in the good and fine prices listed for a common date Large Cent. Nothing more. Can you help me?
As HOBO stated you could have and may still be able to buy a reproduction of the first edition from Whitman. Worth a try. Contact Whitman Publishing and/or contact: Dennis Tucker, Publisher Whitman Publishing, LLC 3101 Clairmont Raod, Suite C Atlanta, GA. 30329 or use the internet dennis.tucker@whitmanbooks.com I too have all issues in the hard covers. None have been opened yet. I always use the ringed or soft cover for normal usage.
A First Edition Red Book will set you back a few hundred dollars. The reprint lists for $17.95. Large Cents are listed for $0.75 in Fine 1850 and later and $1.00 to $1.25 for 1840s dates. Uncirculated are listed as low as $3.50. 1828 Large Date = $1.00 in Fine. 1812 = $1.00 in Good and $4.00 in Fine. 1798 Large Date = $1.50 in Good and $$5.00 in Fine. I sure wish I could get my time machine perfected.
No kidding. but then again, it wouldnt be worth your while. You'd have to get money from that time, which would set you back more than its worth to buy the coins. lol
I've always said that coins should be viewed as a cash substitute and inflation hedge, not comparable to an investment in a business or the stock market. The appreciation works out to about 6% per year on average, which is pretty competitive to bank interest over that time period.
something that appears to be lost on the average person... If you had put your money in the bank 60 years ago it would have done better, and most people KNOW that putting money in the bank is a poor investment. Coins are a hobby, a passion a love... in my case bordering on obsession... but NOT an investment
Actually, I haven't done that poorly.......... But I'll know when it is time to sell them. Until then, I haven't suffered any losses.
It might be a good idea to run some numbers before making a blanket statement like that. $1 grows to about $18 over 60 years at 5%. It grows to about $33 at 6%. And these numbers are pre-tax. Plus, 6% was unobtainable at banks from the end of World War II through the 1960s. Put any reasonable tax rate on top of the interest and coins do even better, relatively speaking. Coins are pretty competitive with bank interest despite the desire to believe otherwise. There are a lot of coins around that have grown 18 to 33 times in value since the end of World War II.
Rolls of wheat cents. If he just went back to say like, 1942, he could pay 2 cents a coin for some rolls from the late 30's early 40's.