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<p>[QUOTE="National dealer, post: 26868, member: 487"]1. Deminish the red book? Not at all. It is a valuable referrence tool. However, all well versed collectors know that it is not a good price guide. The Red Book is published once per year. There is no way to be accurate when prices are changing daily.</p><p>2. Modern coins such as Proof sets and Mint sets and the Statequarters while receiving their fair share of marketing are certainly not overhyped. The program brought 100 million new collectors into the hobby. That isn't hype. It is just a simple equation of supply and demand.</p><p>3. If your local coin shop is charging Red Book prices, you really need to look elsewhere. 99% of dealers use "The coin dealers newsletter" commonly referred to as the Greysheet. </p><p>4. I have a copy of the Redbook myself, and I highly recommend that every collector have a current copy. However, it should only be used for referrence.[/QUOTE]</p><p><br /></p>
[QUOTE="National dealer, post: 26868, member: 487"]1. Deminish the red book? Not at all. It is a valuable referrence tool. However, all well versed collectors know that it is not a good price guide. The Red Book is published once per year. There is no way to be accurate when prices are changing daily. 2. Modern coins such as Proof sets and Mint sets and the Statequarters while receiving their fair share of marketing are certainly not overhyped. The program brought 100 million new collectors into the hobby. That isn't hype. It is just a simple equation of supply and demand. 3. If your local coin shop is charging Red Book prices, you really need to look elsewhere. 99% of dealers use "The coin dealers newsletter" commonly referred to as the Greysheet. 4. I have a copy of the Redbook myself, and I highly recommend that every collector have a current copy. However, it should only be used for referrence.[/QUOTE]
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