I'm new to coins and I wanted to find the values of my coins. I purchased a copy of the new 2008 Red Book. I have found their values to be inflated. I buy random coins that I like and I figured the Red Book would be a good way to see if I am over paying for my coins. It seems that it does work that way. If I pay higher than Red Book, it was probably a stupid deal, but Red Book does not seem to be terribly accurate. I understand how markets work; coins are worth the price that a buyer is willing to pay, but come on. I don’t have the time to follow auctions for each coin. I am wondering if there is a trick to Red Book like only paying 1/2 or 2/3 of the listed value. What do you suggest to get a decent assessment of valuations without keeping a close eye on auctions? TheOverman
The Greysheet is a more accurate estimate than the Red Book. You will find that Greysheet Bid is probably close to what you'll be offered for your coins should you sell them to a dealer. Be forewarned, you will probably not like the prices (i.e. they will be lower than you expect)...Mike
The truth can be painful, but it is often best to know. Should I purchase the "Most Current Greysheet at the time of shipping" for $4? There are several options. What do you suggest?
