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Who does the Red Book prices on Seated quarters?
rhedden
Posts: 6,621 ✭✭✭✭✭
The prices for Seated quarters badly need updating. (I don't actually have the 2011 book, so maybe someone who does can check the numbers?)
Some excerpts of outdated prices from the 2010 Red Book:
1851-P in XF40 lists at $200.
1852-O in VF-20 lists at $700.
1853 No Arrows in XF: $1,400
1859-S in VF lists for $375 (a major dealer was asking over $5k for a PCGS VF-30 last year).
1867-P business strike in AU-50: $850.
1871-S in VF-20 lists at $900. I will buy every one in existence at that price.
1873, No Arrows, Open 3 at $450 in MS-60.
1878-S in VF-20 at $400. I think I just saw a VF offered at $1250 or so by a major dealer.
None of these coins can be purchased from a reputable dealer at these price levels. These are just a few of the most extreme examples, but the whole price list appears to need attention. The Red Book value has traditionally been 10 to 20% above fair market on most common coins, not below dealer buy prices. Anyone here object?
Some excerpts of outdated prices from the 2010 Red Book:
1851-P in XF40 lists at $200.
1852-O in VF-20 lists at $700.
1853 No Arrows in XF: $1,400
1859-S in VF lists for $375 (a major dealer was asking over $5k for a PCGS VF-30 last year).
1867-P business strike in AU-50: $850.
1871-S in VF-20 lists at $900. I will buy every one in existence at that price.
1873, No Arrows, Open 3 at $450 in MS-60.
1878-S in VF-20 at $400. I think I just saw a VF offered at $1250 or so by a major dealer.
None of these coins can be purchased from a reputable dealer at these price levels. These are just a few of the most extreme examples, but the whole price list appears to need attention. The Red Book value has traditionally been 10 to 20% above fair market on most common coins, not below dealer buy prices. Anyone here object?
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Comments
Buying top quality Seated Dimes in Gem BU and Proof.
Buying great coins - monster eye appeal only.
The 2 most widely used priced guides, Redbook and Coin Dealer Newsletter, are the ones off the most. The PCGS price guide and CoinWorld Coin Values were somewhat decent
when it came to better date seated. For those in the know, and especially seated coin dealers, having the price guides in disarray helps to feed their buying. This makes the coins more buyable at the bottom of the dealer chain as these coins show up in coin shops. But I think the majority of these better dates were cherry picked years ago and socked away by various collectors, dealers, and investors.
roadrunner
I firmly believe in numismatics as the world's greatest hobby, but recognize that this is a luxury and without collectors, we can all spend/melt our collections/inventories.
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