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<p>[QUOTE="Vess1, post: 560131, member: 13650"]FWIW, the blue book is supposed to represent (close to) wholesale prices that dealers may find the coins at or what a dealer may offer you for a given coin. Red book is supposed to represent what YOU may find coins priced at. I find it to be a decent general guide for most common stuff. Pick a Morgan dollar out on ebay, graded.....whatever, MS-63 say, .....see what it sells for tonight and then look to see where the red book prices it. Chances are it will be within 10-20 bucks. If not within 5 bucks. </p><p><br /></p><p> On the other hand, the grey sheet is a lot more up to date and will tell you what dealers are paying (WHOLESALE) for general series' and types of coins within the past week. You can order them individually whenever you want. This is what a dealer most likely paid or close to it so you will know roughly how much mark up is on what they're selling. And if you're willing to pay it. I normally order one the week before I'm heading to a coin show.</p><p><br /></p><p> I also look at NGC's price guide online, free for a general idea on stuff. It's normally a little high. Also, look at what coins have sold for at Heritage Auctions, (don't forget to remember their 15% auction fee that's included on them), and what stuff goes for on ebay. </p><p><br /></p><p>Heritage also has a list of recent, past sales for coins. But look at the dates as well. The last time some rarer coins may have sold was years ago when spot gold was a third of where it's at now for example. I was looking at a gold eagle that the last ones sold on Heritage in 2007 for around 600 bucks. Now they're going for 800 bucks. </p><p><br /></p><p> Also, sometimes there will be a flyer price in the list or a real low price. Meaning there may have been an exceptional example in that grade or the low price may have been a cleaned or damaged coin.[/QUOTE]</p><p><br /></p>
[QUOTE="Vess1, post: 560131, member: 13650"]FWIW, the blue book is supposed to represent (close to) wholesale prices that dealers may find the coins at or what a dealer may offer you for a given coin. Red book is supposed to represent what YOU may find coins priced at. I find it to be a decent general guide for most common stuff. Pick a Morgan dollar out on ebay, graded.....whatever, MS-63 say, .....see what it sells for tonight and then look to see where the red book prices it. Chances are it will be within 10-20 bucks. If not within 5 bucks. On the other hand, the grey sheet is a lot more up to date and will tell you what dealers are paying (WHOLESALE) for general series' and types of coins within the past week. You can order them individually whenever you want. This is what a dealer most likely paid or close to it so you will know roughly how much mark up is on what they're selling. And if you're willing to pay it. I normally order one the week before I'm heading to a coin show. I also look at NGC's price guide online, free for a general idea on stuff. It's normally a little high. Also, look at what coins have sold for at Heritage Auctions, (don't forget to remember their 15% auction fee that's included on them), and what stuff goes for on ebay. Heritage also has a list of recent, past sales for coins. But look at the dates as well. The last time some rarer coins may have sold was years ago when spot gold was a third of where it's at now for example. I was looking at a gold eagle that the last ones sold on Heritage in 2007 for around 600 bucks. Now they're going for 800 bucks. Also, sometimes there will be a flyer price in the list or a real low price. Meaning there may have been an exceptional example in that grade or the low price may have been a cleaned or damaged coin.[/QUOTE]
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