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<p>[QUOTE="Burton Strauss III, post: 2260690, member: 59677"]Honestly, don't bother scanning a photocopy. It won't tell us anything.</p><p><br /></p><p>There are several price guides, each of which tries to hit a specific niche. And all of which are somewhat theoretical.</p><p><br /></p><p>There is a guide for sight-unseen certified coins - that's a price that two dealers would trade a coin based on the certified grade. Works OK for run-of-the-mill MS62 Morgans, but for any unusual or rare coin, they are no longer all equivalent.</p><p><br /></p><p>There is a guide for dealer transactions (the Greysheet) which shows bid and ask prices (bid is supposedly what a dealer would pay and ask is what they would sell for). The problem with the Greysheet is that they'll sell copies to any Tom, Dick or Harry. Thus all of us visit coins shows expecting to buy at bid. So dealers pay 10% or 20% below ("back") of bid and sell at bid.</p><p><br /></p><p>There are retail price guides (the coin magazines, several on-line guides) which show approximately what you would expect to pay at a bricks & mortar shop.</p><p><br /></p><p>Remember, the world of numismatics is so broad, that a dealer can't be expert in much of anything, let alone everything. Even within US coins - dealers specialize in Early American Coppers (EAC), Classic coins, Modern Coins, etc. So if you take your collection of, say Lincoln Cents to a dealer who specializes in Seated Liberty coinage... he may recognize the 1909S VDB and the 1955 double die, but not much else. Or the inverse.</p><p><br /></p><p>As much as there is to know from 250 years of US coins, the book of knowledge for world coins is many times as large. The 'catalog' is something like 5 volumes each the size of a big phone book. And there are not a lot of shops selling 'world coins' - so your chances of a random shop being knowledgeable in what you have is small...</p><p><br /></p><p>There are price guides on the NGC and PCGS sites - those represent retail prices for coins in the grade certified ONLY by that company.</p><p><br /></p><p>And I could keep going,,,[/QUOTE]</p><p><br /></p>
[QUOTE="Burton Strauss III, post: 2260690, member: 59677"]Honestly, don't bother scanning a photocopy. It won't tell us anything. There are several price guides, each of which tries to hit a specific niche. And all of which are somewhat theoretical. There is a guide for sight-unseen certified coins - that's a price that two dealers would trade a coin based on the certified grade. Works OK for run-of-the-mill MS62 Morgans, but for any unusual or rare coin, they are no longer all equivalent. There is a guide for dealer transactions (the Greysheet) which shows bid and ask prices (bid is supposedly what a dealer would pay and ask is what they would sell for). The problem with the Greysheet is that they'll sell copies to any Tom, Dick or Harry. Thus all of us visit coins shows expecting to buy at bid. So dealers pay 10% or 20% below ("back") of bid and sell at bid. There are retail price guides (the coin magazines, several on-line guides) which show approximately what you would expect to pay at a bricks & mortar shop. Remember, the world of numismatics is so broad, that a dealer can't be expert in much of anything, let alone everything. Even within US coins - dealers specialize in Early American Coppers (EAC), Classic coins, Modern Coins, etc. So if you take your collection of, say Lincoln Cents to a dealer who specializes in Seated Liberty coinage... he may recognize the 1909S VDB and the 1955 double die, but not much else. Or the inverse. As much as there is to know from 250 years of US coins, the book of knowledge for world coins is many times as large. The 'catalog' is something like 5 volumes each the size of a big phone book. And there are not a lot of shops selling 'world coins' - so your chances of a random shop being knowledgeable in what you have is small... There are price guides on the NGC and PCGS sites - those represent retail prices for coins in the grade certified ONLY by that company. And I could keep going,,,[/QUOTE]
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