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Why do price guides overvalue everything?
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<p>[QUOTE="cladking, post: 2878504, member: 68"]Not all coins are undervalued by guides. Coins before 1964 tend to be overvalued by most sources and coins after tend to be grossly undervalued. All extremely inexpensive coins are overvalued and sometimes by huge amounts. Coins that wholesale at $2/ 100 might have a $1 listing for instance. Many moderns are very inexpensive leaving the impression they are overvalued but the opposite is true. </p><p><br /></p><p>As a rule of thumb earlier coins can be bought at 30 to 60% of Krause prices but later coins will cost anywhere from 20% to 500% with more desirable coins being undervalued. Redbook is little better. Even good sources like the PCGS guide tend to be all over on some coins. </p><p><br /></p><p>If you need a price guide stick with 19th and 20th century US coins in nice circulated condition.[/QUOTE]</p><p><br /></p>
[QUOTE="cladking, post: 2878504, member: 68"]Not all coins are undervalued by guides. Coins before 1964 tend to be overvalued by most sources and coins after tend to be grossly undervalued. All extremely inexpensive coins are overvalued and sometimes by huge amounts. Coins that wholesale at $2/ 100 might have a $1 listing for instance. Many moderns are very inexpensive leaving the impression they are overvalued but the opposite is true. As a rule of thumb earlier coins can be bought at 30 to 60% of Krause prices but later coins will cost anywhere from 20% to 500% with more desirable coins being undervalued. Redbook is little better. Even good sources like the PCGS guide tend to be all over on some coins. If you need a price guide stick with 19th and 20th century US coins in nice circulated condition.[/QUOTE]
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