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Okay so if the rebook is not a good price guide for coins.
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<p>[QUOTE="Vess1, post: 1343241, member: 13650"]Its free to look around. All it takes is your time. If you have a graded coin in mind, look it up in the redbook. See what they say it's valued at. Go to ebay, do an advanced search for that exact coin and see what past auctions have sold for. Look at the coins. See what the different eye appeal is like which may explain some anomalies here and there. See how close the selling prices are to the redbook. </p><p> Then check NGC's guide or PCGS. See how close they are to their guide. Then look at Heritage. See what people have paid for various ones there. Compare that to the redbook. A lot of times, ebay prices may be very close to the redbook guide. It all depends. </p><p> Finally, it comes down to what you're willing to pay. If there's a really nice coin, many people will pay over redbook to get it. If it's mediocre or common, most will pay under redbook. It's just a guide. If the redbook values a coin at $100, you aren't going to be able to buy it for $20. But you may be able to get it for $80. IMO, for a guide book that comes out once a year, it's not that bad. </p><p><br /></p><p> If you're primarily looking at coins that are a $100 or less, the redbook probably is a close enough guide for what you're doing. Most of the time. If you're looking at $3k coins, then you'll need to do more research. Sometimes you have to do some homework. If you're mad about it, just pay whatever you're willing to pay and ignore all the guides. How do you think the prices get into the guides? It's based off of what people are paying around the country. Somebody has to decide. You're a buyer, so you basically play a roll in what the values are without even realizing it.[/QUOTE]</p><p><br /></p>
[QUOTE="Vess1, post: 1343241, member: 13650"]Its free to look around. All it takes is your time. If you have a graded coin in mind, look it up in the redbook. See what they say it's valued at. Go to ebay, do an advanced search for that exact coin and see what past auctions have sold for. Look at the coins. See what the different eye appeal is like which may explain some anomalies here and there. See how close the selling prices are to the redbook. Then check NGC's guide or PCGS. See how close they are to their guide. Then look at Heritage. See what people have paid for various ones there. Compare that to the redbook. A lot of times, ebay prices may be very close to the redbook guide. It all depends. Finally, it comes down to what you're willing to pay. If there's a really nice coin, many people will pay over redbook to get it. If it's mediocre or common, most will pay under redbook. It's just a guide. If the redbook values a coin at $100, you aren't going to be able to buy it for $20. But you may be able to get it for $80. IMO, for a guide book that comes out once a year, it's not that bad. If you're primarily looking at coins that are a $100 or less, the redbook probably is a close enough guide for what you're doing. Most of the time. If you're looking at $3k coins, then you'll need to do more research. Sometimes you have to do some homework. If you're mad about it, just pay whatever you're willing to pay and ignore all the guides. How do you think the prices get into the guides? It's based off of what people are paying around the country. Somebody has to decide. You're a buyer, so you basically play a roll in what the values are without even realizing it.[/QUOTE]
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Okay so if the rebook is not a good price guide for coins.
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