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<p>[QUOTE="Dtort, post: 25008001, member: 113973"]Mimi, I was out most of the day when the bad news started rolling in... sorry if this was an expensive learning experience...</p><p>But if you need a guide for a newbie, try "A Guide Book to United States Coins 2024 The Official Red Book" which people around here just call "the Red Book". They publish one every year, and it has suggested RETAIL values of unslabbed coins. (there is also a Blue Book for wholesale prices). The Red Book has lots of good information about the coins and how they are graded - its more than a price guide. </p><p> Also, coins are graded on a 70 point scale, and a mint-state 70 (called MS-70) would be absolutely flawless, and a lot of coins have no known examples of them. And a difference of only a single point can have a huge price affect for the higher grades. For example a real IKE dollar at MS67 really and truly is listed in one guide as $18,500, but drop the grade one notch to MS66 and the price is $275. So beware of grade exaggeration!</p><p> Lastly, there's good advice to be had in this forum. Ask when needed! (Well, don't ask if the coin that you found in the parking lot is REALLY worth $10,000; that question is sort of a sore spot for some members.)<img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="Dtort, post: 25008001, member: 113973"]Mimi, I was out most of the day when the bad news started rolling in... sorry if this was an expensive learning experience... But if you need a guide for a newbie, try "A Guide Book to United States Coins 2024 The Official Red Book" which people around here just call "the Red Book". They publish one every year, and it has suggested RETAIL values of unslabbed coins. (there is also a Blue Book for wholesale prices). The Red Book has lots of good information about the coins and how they are graded - its more than a price guide. Also, coins are graded on a 70 point scale, and a mint-state 70 (called MS-70) would be absolutely flawless, and a lot of coins have no known examples of them. And a difference of only a single point can have a huge price affect for the higher grades. For example a real IKE dollar at MS67 really and truly is listed in one guide as $18,500, but drop the grade one notch to MS66 and the price is $275. So beware of grade exaggeration! Lastly, there's good advice to be had in this forum. Ask when needed! (Well, don't ask if the coin that you found in the parking lot is REALLY worth $10,000; that question is sort of a sore spot for some members.):)[/QUOTE]
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