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<p>[QUOTE=&quot;The_Cave_Troll, post: 525572, member: 1674&quot;]just a couple things to add:</p><p><br /></p><p>1) the red book has its uses for retail pricing, most notably on colonials.&nbsp; I was startled the first time a big time dealer asked me for the red book to look up the pricing data on a colonial.&nbsp; After that I realized that it is the standard pricing data available for them and if you are retailing that type of material it is the right guide to use.&nbsp; (who knew?...)</p><p><br /></p><p>2) for esoteric things (VAMs, patterns, early US coins by die variety, etc.) the price guides in the most recent edition of the standard refernece for the set are good guides.&nbsp; So for patterns the Judd book is useful, etc.</p><p><br /></p><p>3) auction prices realized are not the be all end all for <i>retail</i> pricing.&nbsp; The reason is that dealers are frequently bidders in auctions and they wouldn&#039;t do that if they thought that the coins would all sell at full retail.&nbsp; They bid because they know some of the peices will not be seen by the right buyers and they can purchase them at a level to still make money.&nbsp; The proof of this is to watch an auction live.&nbsp; A fair number of the floor bidders will be dealers.&nbsp; This is not to say that auction data is unreliable, it clearly IS reliable, just that some coins sell better than or not as well as pre-auction estimates and some of that is based upon who the buyers are.[/QUOTE]</p><p><br /></p>

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