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<p>[QUOTE="Dollar1948, post: 580434, member: 17239"]Hi, I went to a Canadian coin show today with the hopes of finding some more decently priced US Lincolns, for my collection.</p><p>I presently am only collecting BU/MS grades, and the 43s mentioned above caught my eye.</p><p>Now, I took a spread sheet in with me, in which I have within the cells the present retail value of the coins I need, based on the 2009 Red Book.</p><p>I had noted MS63-$2.50, and MS65-$8.00 for this particular coin. This is American funds.</p><p>The Canadian dealer from NW Ontario, (North of the Minnesota boarder) had a $20.00 notation on the flip, with a grade of MS64. The coin is very clean and blemish free so I agree with the grade, but its the price I initially struggled with.</p><p>I told him to check out the Red Book, and I quoted my price and he says he is using a magazine called Coin World, for his US values, as he doesn;t trust the Red Book. To be honest with you, I have read in here that the Red Book's prices may not be a true reflection of whats happening in the market.</p><p>To make a long story short, I ended up buying something else so I got him down to 10 bucks Canadian for that coin.</p><p>My question is, does his original asking price seem within line of this coins' true value? Is the Red Book that far out of wack?</p><p>Your answers will help me decide if I will do business with him ever again, as this was the 1st time I met him. As a dealer one would think there would be no dishonesty thrown at a 1st time buyer with a potential opportunity for other purchases down the road. One wouldnt want to burn their bridges.</p><p>Thanks for any advise.[/QUOTE]</p><p><br /></p>
[QUOTE="Dollar1948, post: 580434, member: 17239"]Hi, I went to a Canadian coin show today with the hopes of finding some more decently priced US Lincolns, for my collection. I presently am only collecting BU/MS grades, and the 43s mentioned above caught my eye. Now, I took a spread sheet in with me, in which I have within the cells the present retail value of the coins I need, based on the 2009 Red Book. I had noted MS63-$2.50, and MS65-$8.00 for this particular coin. This is American funds. The Canadian dealer from NW Ontario, (North of the Minnesota boarder) had a $20.00 notation on the flip, with a grade of MS64. The coin is very clean and blemish free so I agree with the grade, but its the price I initially struggled with. I told him to check out the Red Book, and I quoted my price and he says he is using a magazine called Coin World, for his US values, as he doesn;t trust the Red Book. To be honest with you, I have read in here that the Red Book's prices may not be a true reflection of whats happening in the market. To make a long story short, I ended up buying something else so I got him down to 10 bucks Canadian for that coin. My question is, does his original asking price seem within line of this coins' true value? Is the Red Book that far out of wack? Your answers will help me decide if I will do business with him ever again, as this was the 1st time I met him. As a dealer one would think there would be no dishonesty thrown at a 1st time buyer with a potential opportunity for other purchases down the road. One wouldnt want to burn their bridges. Thanks for any advise.[/QUOTE]
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