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Message:: [QUOTE="Hobo, post: 1336885, member: 11521"]Detecto, A couple of things you may not understand (especially if you are using the Red Book as your price guide): 1) Not all coins of the same grade are created equal and therefore they will have different values. For example, put together a group of ten Morgan Dollars all graded MS-65 by either PCGS or NGC. You will probably notice that some of the coins appear to be in better condition or have better eye appeal than the other coins? How can that be if they are all graded MS-65? Knowledgeable collectors look for these PQ coins and are willing to pay more for them, oftentimes more (sometimes MUCH more) than the "normal" price for an average coin of that grade. 2) Coins that have exceptional eye appeal or a better strike will always command a higher price than average coins of the same grade. For example, an MS-65 Morgan Dollar with beautiful rainbow toning might sell for multiples of what an average MS-65 Morgan sells for. A Flying Eagle Cent with full tail feathers will sell for much more than another example of the exact same grade with less than full tail feathers. 3) Not all grades for circulated coins are listed in most price guides (including the Red Book). Suppose you see a coin for sale and it is graded EF-45. Your Red Book does not have a column for EF-45; there is a column for EF-40 but that is not the grade of the coin (not that the listed values are realistic).[/QUOTE]