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<p>[QUOTE="WolfStock, post: 2515946, member: 81810"]Wow that's remarkable. I looks to me like the prices in the red books are seriously high, at least for bullion-type coins. Would you agree with that?</p><p><br /></p><p>To use the car analogy - seems like that's the "list price"; but anyone who actually pays that price is a fool - you should be able to get them, from a retail dealer even, for far less. And likewise if you were selling some you probably wouldn't get anything near the prices shown in the book, even if you sold them to someone who generally operated on a thin margin.</p><p><br /></p><p>Taking the buffalo for example - I've typically bought those for about $15-20 over spot. (I say typically but it was really just a couple times, a few years ago) But the book shows them $150 over spot (if spot basis really is $1200). Those pretty much have zero numismatic value though of course.</p><p><br /></p><p>(Side note - I usually don't care that much about bullion-type coins; right now however I'm looking to sell some for a relative. I've bought a fair amount of coins before, for my own collection - both numismatic and bullion; what I haven't done is sell coins. So I'm kind of feeling my way in the dark, and I do appreciate the help from folks!)[/QUOTE]</p><p><br /></p>
[QUOTE="WolfStock, post: 2515946, member: 81810"]Wow that's remarkable. I looks to me like the prices in the red books are seriously high, at least for bullion-type coins. Would you agree with that? To use the car analogy - seems like that's the "list price"; but anyone who actually pays that price is a fool - you should be able to get them, from a retail dealer even, for far less. And likewise if you were selling some you probably wouldn't get anything near the prices shown in the book, even if you sold them to someone who generally operated on a thin margin. Taking the buffalo for example - I've typically bought those for about $15-20 over spot. (I say typically but it was really just a couple times, a few years ago) But the book shows them $150 over spot (if spot basis really is $1200). Those pretty much have zero numismatic value though of course. (Side note - I usually don't care that much about bullion-type coins; right now however I'm looking to sell some for a relative. I've bought a fair amount of coins before, for my own collection - both numismatic and bullion; what I haven't done is sell coins. So I'm kind of feeling my way in the dark, and I do appreciate the help from folks!)[/QUOTE]
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