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Understanding pricing of coins I need help.
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<p>[QUOTE="Just Carl, post: 688569, member: 4552"]One way of looking at the prices in the Red Book are that since it comes out over a year in advance, 2010 Edition has been out since April 2009, it may well be that Whitman antisipates a growth in the values of coins so that by the time their Red Book has the same date as the year, the prices may be a little more realistic. Many other price guides have similar problems. The PCGS web site price listing is basically set so high that you think you have valuable coins and send them to them for grading. If they had a realistic value set on coins, there would be dramatic drop in their buisness. </p><p>Many dealers like to use the grey sheet for prices but those too are just guesstamates of what a coin may or may not be worth. It is the ones mostly used at coin shows though. </p><p>Auction prices on any auction is usually overpriced due to silly individuals that get caught up in a buying frenzy. Also, many auctions have ringers that bid on items to jack up the prices. If the ringer wins, that item goes back up in the near future. Supposed to be illigal but then again, so is murder but that too continues anyway. </p><p>There just ain't no real price list for coins. They are what you pay.[/QUOTE]</p><p><br /></p>
[QUOTE="Just Carl, post: 688569, member: 4552"]One way of looking at the prices in the Red Book are that since it comes out over a year in advance, 2010 Edition has been out since April 2009, it may well be that Whitman antisipates a growth in the values of coins so that by the time their Red Book has the same date as the year, the prices may be a little more realistic. Many other price guides have similar problems. The PCGS web site price listing is basically set so high that you think you have valuable coins and send them to them for grading. If they had a realistic value set on coins, there would be dramatic drop in their buisness. Many dealers like to use the grey sheet for prices but those too are just guesstamates of what a coin may or may not be worth. It is the ones mostly used at coin shows though. Auction prices on any auction is usually overpriced due to silly individuals that get caught up in a buying frenzy. Also, many auctions have ringers that bid on items to jack up the prices. If the ringer wins, that item goes back up in the near future. Supposed to be illigal but then again, so is murder but that too continues anyway. There just ain't no real price list for coins. They are what you pay.[/QUOTE]
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Understanding pricing of coins I need help.
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