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<p>[QUOTE="BooksB4Coins, post: 1500812, member: 36230"]The problem with redbook values is not so much in that they are "outdated" (saying so implies they once were valid). The real issue with the listed values is in where they come from. Don't take my word for it.. look this up (IIRC, this is explained somewhere on the Whitman site) and you will see what I mean. While in some cases it could be argued that some values are indeed outdated - by the time the 2011 edition was released, silver values had already surpassed what was claimed in the book - but generally speaking, this has little to do with its questionable pricing.</p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p>Not exactly. The weekly edition covers only a select few types/grades, and while the monthly expands this greatly, many types are still not touched. For these you would need the quarterly supplements, which often are as useless as any other guide. The CDN definitely has its uses and benefits, but is far from perfect. There are plenty of coins that regularly trade well under, others that can rarely be touched at anywhere close to ask, and a few select dates trade at multiples of CDN.</p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p>Well said, sir. It never ceases to amaze me how many people will converge on the widget tables at some small shows, just to buy anything and everything priced at a fraction of common guides and/or back of CDN bid. The "deal mentality" seems to overtake common sense and the only one laughing all the way to the bank is the dealer. There is almost always good reason why such coins sell at the levels they do.[/QUOTE]</p><p><br /></p>
[QUOTE="BooksB4Coins, post: 1500812, member: 36230"]The problem with redbook values is not so much in that they are "outdated" (saying so implies they once were valid). The real issue with the listed values is in where they come from. Don't take my word for it.. look this up (IIRC, this is explained somewhere on the Whitman site) and you will see what I mean. While in some cases it could be argued that some values are indeed outdated - by the time the 2011 edition was released, silver values had already surpassed what was claimed in the book - but generally speaking, this has little to do with its questionable pricing. Not exactly. The weekly edition covers only a select few types/grades, and while the monthly expands this greatly, many types are still not touched. For these you would need the quarterly supplements, which often are as useless as any other guide. The CDN definitely has its uses and benefits, but is far from perfect. There are plenty of coins that regularly trade well under, others that can rarely be touched at anywhere close to ask, and a few select dates trade at multiples of CDN. Well said, sir. It never ceases to amaze me how many people will converge on the widget tables at some small shows, just to buy anything and everything priced at a fraction of common guides and/or back of CDN bid. The "deal mentality" seems to overtake common sense and the only one laughing all the way to the bank is the dealer. There is almost always good reason why such coins sell at the levels they do.[/QUOTE]
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