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<p>[QUOTE="GDJMSP, post: 2255324, member: 112"]The answer to your basic question lies in the source material that Krause uses. And the fact that they don't update every coin in their catalogs every year. The don't even print their catalogs every year. </p><p><br /></p><p>It's been years since I've bought a Krause catalog, but in years gone by it was rather common for some, if not most, values listed in Krause to remain unchanged for over a decade.</p><p><br /></p><p>As for why, think about it for a minute. First consider how many Krause catalogs there are. You have the 5 basic centuries going back to 1601, and then you have all of their specialized catalogs by country. All told that has to equal millions of coins. Now consider how much time and effort, <u>and what it would cost</u>, to do the necessary research to update values for that many coins. That's the why. And even after that you still have to consider the source material they use, and if it is valid or not.</p><p><br /></p><p>I can tell you from personal experience that the source material is not valid in most cases. You yourself are telling us the same thing, as will most others who actually do any research. </p><p><br /></p><p>Now take something else into consideration, the Red Book. The Red Book <b>is</b> published every year. But anybody, everybody, who knows anything at all about coins knows that the values listed in the Red Book are worthless, and should be ignored. And no, the values in the Red Book are not worthless because of the time issue or the time lag, meaning when the values are determined and then when they are published. The values are worthless because of the source material used. Simply put they quote completely inaccurate values. In other words the values are no good even before they get them. And Krause is no different in this regard.</p><p><br /></p><p>As for your additional comment - </p><p><br /></p><p><br /></p><p><br /></p><p>Such places already exists. </p><p><br /></p><p><a href="http://www.coinarchives.com" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.coinarchives.com" rel="nofollow">http://www.coinarchives.com</a></p><p><br /></p><p><a href="http://www.acsearch.info/home.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.acsearch.info/home.html" rel="nofollow">http://www.acsearch.info/home.html</a></p><p><br /></p><p>Now you might say - yeah but they're not catalogs. And no they aren't. But that is because a catalog is not viable option for providing the information you actually want. First of all you have the cost issue, it is simply not a workable business model to provide up to date and accurate information in a catalog. It can't be done because it is too expensive. And secondly you have the time lag issue. </p><p><br /></p><p>So what you want can't be done in a catalog format. You have to a live, working format such as the those provided by the links I posted above.</p><p><br /></p><p>And yes, I realize that even they do not have all of the coins that you want information on. But when they don't have those coins, it is because those coins are so thinly traded that they simply don't come to market very often.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 2255324, member: 112"]The answer to your basic question lies in the source material that Krause uses. And the fact that they don't update every coin in their catalogs every year. The don't even print their catalogs every year. It's been years since I've bought a Krause catalog, but in years gone by it was rather common for some, if not most, values listed in Krause to remain unchanged for over a decade. As for why, think about it for a minute. First consider how many Krause catalogs there are. You have the 5 basic centuries going back to 1601, and then you have all of their specialized catalogs by country. All told that has to equal millions of coins. Now consider how much time and effort, [U]and what it would cost[/U], to do the necessary research to update values for that many coins. That's the why. And even after that you still have to consider the source material they use, and if it is valid or not. I can tell you from personal experience that the source material is not valid in most cases. You yourself are telling us the same thing, as will most others who actually do any research. Now take something else into consideration, the Red Book. The Red Book [B]is[/B] published every year. But anybody, everybody, who knows anything at all about coins knows that the values listed in the Red Book are worthless, and should be ignored. And no, the values in the Red Book are not worthless because of the time issue or the time lag, meaning when the values are determined and then when they are published. The values are worthless because of the source material used. Simply put they quote completely inaccurate values. In other words the values are no good even before they get them. And Krause is no different in this regard. As for your additional comment - Such places already exists. [url]http://www.coinarchives.com[/url] [url]http://www.acsearch.info/home.html[/url] Now you might say - yeah but they're not catalogs. And no they aren't. But that is because a catalog is not viable option for providing the information you actually want. First of all you have the cost issue, it is simply not a workable business model to provide up to date and accurate information in a catalog. It can't be done because it is too expensive. And secondly you have the time lag issue. So what you want can't be done in a catalog format. You have to a live, working format such as the those provided by the links I posted above. And yes, I realize that even they do not have all of the coins that you want information on. But when they don't have those coins, it is because those coins are so thinly traded that they simply don't come to market very often.[/QUOTE]
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