Red Books-What's it worth
delesch
Posts: 182 ✭
Not sure what sub forum this was supposed to be in. Anyone have any idea what a 1947 Red Book would go for?
Mint condition except for a little indentation in the upper left hand corner of the front cover. Thanks in advance.
Mint condition except for a little indentation in the upper left hand corner of the front cover. Thanks in advance.
0
Comments
"The Red Book has been called the "coin collector's bible" because it is the most widely used U.S. coins price guide in the world. The first edition of the Red Book was published in 1947 to great acclaim by the coin collecting community. The first press run of 9,000 copies quickly sold out, necessitating a second press run of 9,000 more. Copies of this first edition are listed in the Red Book itself for $1,200 to $1,500 each, but anybody who has tried to buy a nicely preserved copy will assure you you'll pay much more than that to obtain one."
"
In honor of the memory of Cpl. Michael E. Thompson
Books from the first printing usually command a bit more, IMO.
Yours looks in SUCH good condition that it may actually be the reprint. The original 1947 edition had only black & white photos, while the reprint had color pics in the back.
Edit: Also, how many pages is yours? The original 1947 edition was 254 pages (with an additional page of coin folder info), while the 2007 "Tribute" edition is 288 pages.
Looks like you have a 1st edition, 2nd printing in excellent condition.
Nice find!
I agree with Realone that I can't see someone paying over $1500 for one of these (particularly a 2nd printing), but it's still worth several hundred dollars.
<< <i>So I have a question, after looking at those photos of your Redbook, and comapring them to my similar edition and condition, I noticed that my example is maroon in color and not red like yours, can anyone explain that to me? Thanks! >>
Interesting , the tribute edition does appear to be maroon.
1947 tribute edition
<< <i>
<< <i>
<< <i>So I have a question, after looking at those photos of your Redbook, and comapring them to my similar edition and condition, I noticed that my example is maroon in color and not red like yours, can anyone explain that to me? Thanks! >>
Interesting , the tribute edition does appear to be maroon.
1947 tribute edition >>
It is the ist edition and it is old from 1947 that is all I can say, but it sure isn't red, and that is all I know. >>
You know what i think the script is , your book was red at one time , over time its matured to maroon and this reissue tribute edition is colored to mimic what a genuine 1947 book would look like , maroon.
<< <i>We found it moving a grandparent stored in double plastic in a briefcase. >>
Hmmm... I think your syntax may be a bit off here
60 years into this hobby and I'm still working on my Lincoln set!
Just curious what the value of an AU , 1936 D Washington quarter in the 1947 Red Book is.
Let's assume it's in a PCGS holder. Or how about a VF 1909 S VDB Lincoln Cent ?
In new condition $1800 for the 1st printing. The 2nd printing
brings a tad less. In used condition anywhere from $325 - $ $1400
EDIT: How do you grade these books anyway?
1947 1st ed Ebay
Understood, so 15-20% less than the listed values?
<< <i>As others point out , prices in a redbook have never been famous for being accurate.
1947 1st ed Ebay >>
Tut-tut, my good man. The 2013 edition lists the value of the 1947 first printing as $350 in VG and $700 in Fine.
The listed auction has a starting price of $400 and a Buy-It-Now of of $800. I would grade the listed book as VG given its cracked binding, faded gilt on the cover, and other wear.
As long as there are coin collectors, there will be Red Book collectors.
The 1947 is akin to a 1909-S V.D.B. Lincoln cent. 18,000 were "minted" (printed), so they're out
there in the marketplace --- but the demand is there, too. It's a key date that will always have
appeal. There are low-grade examples for people who want to affordably complete their sets,
and there are "monsters" for those who go for top pops. The price you pay will ride the
sliding-scale continuum of supply, demand, and grade; being in the right place at the right time;
cherrypicking for quality; having the right connections; keeping an ear to the ground; and
everything else that goes into collecting!
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