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<p>[QUOTE="The_Cave_Troll, post: 39982, member: 1674"]The recommended book is "A Guide Book of United States Coins 2005" which is commonly called "the Red Book". You can walk into any coinstore in the US and ask for a redbook and they will know exactly what you want and probably have it in stock. The Red Book is a fabulous resource for gaining information on your Dad's collection, but the disclaimer that I must add is: Even though it lists prices, don't trust its prices. The book is printed annually and the prices of rare coins change weekly, so even if the listed price was once correct, it is likely that it isn't correct any more. The prices do provide a pretty good indication of what is more valuable in a set of coins. (i.e. most of the mercury/winged liberty dimes have a value in good condition of $2-$5, except for the 1916d, 1921, and 1921d which all have much greater prices listed, therefore you would know that those 3 dates are more valuable than all the other dates in the series even though you might not know exactly what they are worth.)</p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p>Unlike manufactured goods whose values are set by the manufacture (as the manufaturer's suggested retail price), coin values are solely determined by what one individual is willing to pay for your coin. It's the difference between primary and secondary markets. The secondary market is always much more in tune with the reality of what an item is "worth" than the primary market, and since coins are dated then they quickly (in a long term sense) stop being sold in the primary market. (i.e. you can no longer go to the bank/mint and buy a roll of 2¢ pieces for face value.) This leaves ONLY the secondary market for coins that are no longer actively circulating; and since eBay handles such a large number of auctions and has such a huge number of buyers, it may be the MOST ACCURATE price guide for coins EVER. The realized prices of recently completed auctions of readily accessable coins (no super rarities) is an accurate representation of what other sellers are getting for their coins.</p><p><br /></p><p>Good luck and have some fun. I hope the time spent with your Dad's coins will remind you of the good times you spent together before he passed away.</p><p><br /></p><p><br /></p><p>CJD[/QUOTE]</p><p><br /></p>
[QUOTE="The_Cave_Troll, post: 39982, member: 1674"]The recommended book is "A Guide Book of United States Coins 2005" which is commonly called "the Red Book". You can walk into any coinstore in the US and ask for a redbook and they will know exactly what you want and probably have it in stock. The Red Book is a fabulous resource for gaining information on your Dad's collection, but the disclaimer that I must add is: Even though it lists prices, don't trust its prices. The book is printed annually and the prices of rare coins change weekly, so even if the listed price was once correct, it is likely that it isn't correct any more. The prices do provide a pretty good indication of what is more valuable in a set of coins. (i.e. most of the mercury/winged liberty dimes have a value in good condition of $2-$5, except for the 1916d, 1921, and 1921d which all have much greater prices listed, therefore you would know that those 3 dates are more valuable than all the other dates in the series even though you might not know exactly what they are worth.) Unlike manufactured goods whose values are set by the manufacture (as the manufaturer's suggested retail price), coin values are solely determined by what one individual is willing to pay for your coin. It's the difference between primary and secondary markets. The secondary market is always much more in tune with the reality of what an item is "worth" than the primary market, and since coins are dated then they quickly (in a long term sense) stop being sold in the primary market. (i.e. you can no longer go to the bank/mint and buy a roll of 2¢ pieces for face value.) This leaves ONLY the secondary market for coins that are no longer actively circulating; and since eBay handles such a large number of auctions and has such a huge number of buyers, it may be the MOST ACCURATE price guide for coins EVER. The realized prices of recently completed auctions of readily accessable coins (no super rarities) is an accurate representation of what other sellers are getting for their coins. Good luck and have some fun. I hope the time spent with your Dad's coins will remind you of the good times you spent together before he passed away. CJD[/QUOTE]
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