Coin Collecting Red Book Vs Blue Book
It is published by Whitman just like the Red Book is. Personally I prefer the Red book because it has more comprehensive information on the coins themselves.
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The Red Book is supposed to give fair market value for coins.
Coin collecting red book vs blue book. 1916-D Mercury dime in G - Graysheet. Actual prices may be a quite different when you actually go out and buy specific coins. If you want access to more than just prices the Red book is the right choice.
1909-S VDB cent in MS63 - Graysheet. Dealers cant pay fair market value as they have to make a profit to keep stores open. The Blue Book lists the prices dealers wish they could buy coins for to include them in inventory.
The Red Book contains retail coin prices what you can expect to pay when buying from a dealer. Nowadays there are many guides to wholesale and retail values of coins. The Blue Book is supposed to give a selling price that dealers might pay for coins.
And while youre at it forget any pricevalue you see in the Red Book. The thing that I do before bidding on any sets is watch what people are paying for them and then enter the data in a spreadsheet. Many times before I buy or sell a coin I check everything to see what the current value is.
The only difference may be that it is a softback book and its a little cheaper. Much more detailed and encompassing than the Blue Book the Red Book is used by both collectors and dealers on a daily basis. The Red Book is an essential book that every collector of US coins needs to own.
I know the Red Book is the main price guide and the Blue Book was what dealers used prior to the greysheet. GDJMSP Aug 26 2012 2 Quote Reply. One of the retail guides can be found each month inside Coins Magazine.
The red book is a retail price guide what you would pay for coins while the bluebook is a dealer price guide what you could sell coins for. So values listed will be lower in the Blue Book. The Blue Book is a coin price guide that informs you on the approximate amount of money you can expect to get if you sell your coins to a coin dealer.
But when it comes to values you should just block that part completely out of your mind. Another such guide can be found in Numismatic News a weekly paper covering the coin collecting scene. Magically Low Prices - All Popular Brands For Your Collection.
1932-D or S Quarter in VG - Graysheet. Its considered the Bible for US. The last time I bothered looking at either for pricing information neither seem realistic.
Ad A Trusted Name In Coin Collecting. If I saw a coin listed for 100 in the Red Book I wouldnt consider 70 a bad price but for 120 I would probably investigate further. Forget the Blue Book dont bother to buy it.
The Red Book has more historical information than the Blue Book Im not even sure the last Blue Book I have seen. The Blue Book contains wholesale coin prices the price you might expect to get when selling to a. In all of these cases the Graysheet is significantly closer to a decent price for the coin than the Redbook is.
The prices in the Red Book are definitely not really accurate but they are moderately close. Then as now the Blue Book was the buying guide whereas the Red Book provided retail prices. From what I have heard the Red book and Blue book are printed a year or 2 in advance of the release date.
Red Book is for retail prices and Blue book is for what the majority of dealers will pay for you coinssetS another place I found for suggested current retail is PCGSs web site under there price guide. Ad Dive into the world coin collecting with the US Mint. 20 Off Sign Up For Our Newsletter.
The Red Book lists the prices dealers wish they could sell their coins for. Ad Magically Low Prices On A Huge Selection Of Coin Albums.
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