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<p>[QUOTE="harrync, post: 2848805, member: 58588"]Yes, I think it might depend on what you are bidding on. If you are bidding on "hot" coins, the price guides might not be keeping up with current values. My experiences might not be relevant today [I bought most of my coins 40 - 50 years ago, sold 20 - 30 years ago], but some of my biggest profits on resale were on coins that I was sure that I "overpaid" for, but just had to have, and didn't come up for sale very often. One example: some time in the late 60's, I paid $150 for a proof 20c piece; "fair" price would have been $100 - $125. In the early 80's I sold it for $2000. To check if my memory was right, I got out a couple of old red books. I couldn't find ones near my buy/sell years, but did find 1974 and 1976. 1974 red book value: $375. 1976: $750. Doubled in two years! Yes, it really was a "hot" coin in the 70's. On the other hand, if you are looking for things a bit more common than proof 20c pieces, take Aunduril's advice, and be patient until a bargain comes up.[/QUOTE]</p><p><br /></p>
[QUOTE="harrync, post: 2848805, member: 58588"]Yes, I think it might depend on what you are bidding on. If you are bidding on "hot" coins, the price guides might not be keeping up with current values. My experiences might not be relevant today [I bought most of my coins 40 - 50 years ago, sold 20 - 30 years ago], but some of my biggest profits on resale were on coins that I was sure that I "overpaid" for, but just had to have, and didn't come up for sale very often. One example: some time in the late 60's, I paid $150 for a proof 20c piece; "fair" price would have been $100 - $125. In the early 80's I sold it for $2000. To check if my memory was right, I got out a couple of old red books. I couldn't find ones near my buy/sell years, but did find 1974 and 1976. 1974 red book value: $375. 1976: $750. Doubled in two years! Yes, it really was a "hot" coin in the 70's. On the other hand, if you are looking for things a bit more common than proof 20c pieces, take Aunduril's advice, and be patient until a bargain comes up.[/QUOTE]
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