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<p>[QUOTE="GDJMSP, post: 17305, member: 112"]First of all a bit of advice - don't even think that the prices & values listed in the Red Book are accurate - they are not. They never have been and they never will be. The Red Book is an invaluable resource for obtaing very basic information about US coins in regard to mintage, designs, designers and years struck. But for prices & values it is extremely inaccurate.</p><p><br /></p><p>One of the very best places to acquire accurate values for a given coin is ebay. Now you can't assume just one auction provides this - you must take an average of the sales prices for a given coin in a given grade. I will also say that it is more common to get a better price on ebay than it is in a dealers shop. This is not a hard and fast rule however and it does not apply to all coins.</p><p><br /></p><p>And before you ever buy a coin on ebay - you MUST know what you are doing and be knowledgeable about the coin or coins you are purchasing. This includes knowing what a fair price is as well as being reasonably certain that you are buying what you think you are buying. Knowing how to grade is also essential. </p><p><br /></p><p>If you do not possess these skills and knowledge then you would be wise to buy ONLY coins certified by one the major grading companies. But even then - you must know what a fair price is.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 17305, member: 112"]First of all a bit of advice - don't even think that the prices & values listed in the Red Book are accurate - they are not. They never have been and they never will be. The Red Book is an invaluable resource for obtaing very basic information about US coins in regard to mintage, designs, designers and years struck. But for prices & values it is extremely inaccurate. One of the very best places to acquire accurate values for a given coin is ebay. Now you can't assume just one auction provides this - you must take an average of the sales prices for a given coin in a given grade. I will also say that it is more common to get a better price on ebay than it is in a dealers shop. This is not a hard and fast rule however and it does not apply to all coins. And before you ever buy a coin on ebay - you MUST know what you are doing and be knowledgeable about the coin or coins you are purchasing. This includes knowing what a fair price is as well as being reasonably certain that you are buying what you think you are buying. Knowing how to grade is also essential. If you do not possess these skills and knowledge then you would be wise to buy ONLY coins certified by one the major grading companies. But even then - you must know what a fair price is.[/QUOTE]
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