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<p>[QUOTE="medoraman, post: 1109879, member: 26302"]The bad part is that Krause is retail, and not very up to date frequently. The good news is that many people do use it as their source of pricing, so you should take notes on what issues are worth more or less than Krause and use this knowledge to your advantage. Most advanced collectors do this, since knowledge is power especially in collectibles. Wholesale, even if the retail in Krause were accurate, would vary based upon the dealers clients and how long he has had an item. A dealer may pay 40-50% Krause as a guess. If he wanted to sell old stock maybe he would sell at 80% Krause. What I am saying, though, is Krause may be low for that coin, so buying at Krause price is actually a bargain, whereas other issues buying at 50% of Krause is not so great a deal. </p><p><br /></p><p>Krause is not perfect, but its a start. If you are serious about these coins, I HIGHLY recommend getting other references for them. Money spent on a good coin book will repay you endlessly, both monetarily and heightened enjoyment of your collection.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1109879, member: 26302"]The bad part is that Krause is retail, and not very up to date frequently. The good news is that many people do use it as their source of pricing, so you should take notes on what issues are worth more or less than Krause and use this knowledge to your advantage. Most advanced collectors do this, since knowledge is power especially in collectibles. Wholesale, even if the retail in Krause were accurate, would vary based upon the dealers clients and how long he has had an item. A dealer may pay 40-50% Krause as a guess. If he wanted to sell old stock maybe he would sell at 80% Krause. What I am saying, though, is Krause may be low for that coin, so buying at Krause price is actually a bargain, whereas other issues buying at 50% of Krause is not so great a deal. Krause is not perfect, but its a start. If you are serious about these coins, I HIGHLY recommend getting other references for them. Money spent on a good coin book will repay you endlessly, both monetarily and heightened enjoyment of your collection.[/QUOTE]
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