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<p>[QUOTE="medoraman, post: 1334516, member: 26302"]Even then, recognize that all price guides are:</p><p><br /></p><p>1. HISTORICAL information. By definition all are what happened in the past. Just like you cannot pick up a 1984 grey sheet and expect to buy at those prices, last week's greysheet is also historical. Yes, it will be closer to what people are buying and selling for today, but still is not today's market.</p><p><br /></p><p>2. The point others made about good coins always selling above book is excellent. For a VF seated liberty half of a certain date, there is a wide range of coins from ugly for the grade to highly desirable. Good coins always sell high, its a beginners mistake to buy a poor coin for the grade below book and think you got a deal.</p><p><br /></p><p>In the end OP it comes down to knowledge like most things in this hobby. I will give you an example. There are some coins of a rare civilization I collect. I have one dealer on Ebay where I buy them from $20-100 every time he posts them. There are a few others who compete with me for them. They are, however, exceedingly rare, and if I go to a coin show the same coins are priced at $200-500 a piece, if you can find any, (and the only show that I COULD find them at would be CICF, NYI, or maybe an ANA show). This bit of knowledge knowing this seller is worth a lot, and its this kind of knowledge, private stuff we learn by ourselves or with help of others, than can really help in collecting. Such a thing does not happen as much with US coins, since they are more widely collected, but you don't buy from the TV right? You know enough to stay away from certain high priced sources for coins, so its the same thing. A real expert in a US coin series will know from personal experience every single coin, and whether the greysheets are high, low, or correct for every one. A more knowledgable collector will win every time.</p><p><br /></p><p>Chris[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1334516, member: 26302"]Even then, recognize that all price guides are: 1. HISTORICAL information. By definition all are what happened in the past. Just like you cannot pick up a 1984 grey sheet and expect to buy at those prices, last week's greysheet is also historical. Yes, it will be closer to what people are buying and selling for today, but still is not today's market. 2. The point others made about good coins always selling above book is excellent. For a VF seated liberty half of a certain date, there is a wide range of coins from ugly for the grade to highly desirable. Good coins always sell high, its a beginners mistake to buy a poor coin for the grade below book and think you got a deal. In the end OP it comes down to knowledge like most things in this hobby. I will give you an example. There are some coins of a rare civilization I collect. I have one dealer on Ebay where I buy them from $20-100 every time he posts them. There are a few others who compete with me for them. They are, however, exceedingly rare, and if I go to a coin show the same coins are priced at $200-500 a piece, if you can find any, (and the only show that I COULD find them at would be CICF, NYI, or maybe an ANA show). This bit of knowledge knowing this seller is worth a lot, and its this kind of knowledge, private stuff we learn by ourselves or with help of others, than can really help in collecting. Such a thing does not happen as much with US coins, since they are more widely collected, but you don't buy from the TV right? You know enough to stay away from certain high priced sources for coins, so its the same thing. A real expert in a US coin series will know from personal experience every single coin, and whether the greysheets are high, low, or correct for every one. A more knowledgable collector will win every time. Chris[/QUOTE]
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