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Which coin value book is the one to go by?
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<p>[QUOTE="Just Carl, post: 316395, member: 4552"]None are reallly reliable and/or accurate. Since there is no manufacturers suggested list price on a coin, they are what they are. All books, grey sheets, magazines are only as already noted, a guide. According to Webster a Guide is said to mean show the way, basically speaking. This means that a guide is ment to show you the way to prices, not the actual price. In addition to that coins are valued on a price and demand situation so that we the people set the prices based on how badly we search for specific coins. Therefore this is the priciple of ebay and other auction houses. If you bid on a coin, the price goes up and it is now worth what you bid. Someone else bids and the price again goes up and now that is the value of that coin. </p><p>After many years of collecting, going to coin shows, reading coin magazines, books, etc. I've never found yet a consistant price guide. The Red Book USED to be decent, not accurate, with prices but since they now make a book with a date about a year in advance, that book to has fallen from usage as a price guide.[/QUOTE]</p><p><br /></p>
[QUOTE="Just Carl, post: 316395, member: 4552"]None are reallly reliable and/or accurate. Since there is no manufacturers suggested list price on a coin, they are what they are. All books, grey sheets, magazines are only as already noted, a guide. According to Webster a Guide is said to mean show the way, basically speaking. This means that a guide is ment to show you the way to prices, not the actual price. In addition to that coins are valued on a price and demand situation so that we the people set the prices based on how badly we search for specific coins. Therefore this is the priciple of ebay and other auction houses. If you bid on a coin, the price goes up and it is now worth what you bid. Someone else bids and the price again goes up and now that is the value of that coin. After many years of collecting, going to coin shows, reading coin magazines, books, etc. I've never found yet a consistant price guide. The Red Book USED to be decent, not accurate, with prices but since they now make a book with a date about a year in advance, that book to has fallen from usage as a price guide.[/QUOTE]
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