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<p>[QUOTE="kaparthy, post: 1060072, member: 57463"]The bottom line is that the Red Book is intended as a general purpose guide to US Federal Type Coins. </p><p><br /></p><p> If you pursue Error Coins, you will not find what you are looking for in the Red Book. Errors are a specialty beyond the Red Book, except for certain well-known examples, such as the 1955-DDO Lincoln Cent.</p><p><br /></p><p>Also, as noted with Errors, certain other series such as Bust Halves (Capped Busts in general), and Large Cents and Half Cents are specialized pursuits with their own collector communities, grading standards, etc. Anyone who is serious about Large Cents has a Red Book, for sure, but they also have other books that are more important for what they actively pursue.</p><p><br /></p><p>The Red Book is fine ... as far as it goes for most issues. The problem with the prices is not the bullion value, but the actual supply of certain key coins in high grade demanded by willing collectors. Good examples of where <b>dealers pay more than Red Book</b> include US Gold Dollars and Three Dollars.</p><p><br /></p><p>The colored paper price sheets are, indeed, commonly agreed to price ranges. But understand that Blue is for <b>sight-unseen</b> coins: You say you have a PCGS AU-55 and without actually seeing the coin, I might be comfortable offering Blue Sheet for it. In any event, the Blue-Grey-Magenta-Teal-Orange Sheets do not list the prices of the kinds of Error coins you are seeking.[/QUOTE]</p><p><br /></p>
[QUOTE="kaparthy, post: 1060072, member: 57463"]The bottom line is that the Red Book is intended as a general purpose guide to US Federal Type Coins. If you pursue Error Coins, you will not find what you are looking for in the Red Book. Errors are a specialty beyond the Red Book, except for certain well-known examples, such as the 1955-DDO Lincoln Cent. Also, as noted with Errors, certain other series such as Bust Halves (Capped Busts in general), and Large Cents and Half Cents are specialized pursuits with their own collector communities, grading standards, etc. Anyone who is serious about Large Cents has a Red Book, for sure, but they also have other books that are more important for what they actively pursue. The Red Book is fine ... as far as it goes for most issues. The problem with the prices is not the bullion value, but the actual supply of certain key coins in high grade demanded by willing collectors. Good examples of where [B]dealers pay more than Red Book[/B] include US Gold Dollars and Three Dollars. The colored paper price sheets are, indeed, commonly agreed to price ranges. But understand that Blue is for [B]sight-unseen[/B] coins: You say you have a PCGS AU-55 and without actually seeing the coin, I might be comfortable offering Blue Sheet for it. In any event, the Blue-Grey-Magenta-Teal-Orange Sheets do not list the prices of the kinds of Error coins you are seeking.[/QUOTE]
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Your Experience: Reb Book Values Accurate?
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