BU Red Lincolns
Ive mentioned this before but just a a little history, Im putting together a complete BU Red Lincoln cent collection, (all mint marks and all in airtites) and I have now hit all the more expensive ones. 1930-1909.
I have a 2009 Red Book, and a 2009 Red Book specific to Lincolns, but I find the values listed inconsistant. When I view the hammer prices on ebay of this material, vs these same 2 resources once again there is no consistancy. Dealer prices at coin show I attend seem to be all over the board as well.(But then again they are Canadian dealers)
Can anbody advise what they feel is the best resource for determining an authentic trend value of these coins?
Thanks so much.
I have a 2009 Red Book, and a 2009 Red Book specific to Lincolns, but I find the values listed inconsistant. When I view the hammer prices on ebay of this material, vs these same 2 resources once again there is no consistancy. Dealer prices at coin show I attend seem to be all over the board as well.(But then again they are Canadian dealers)
Can anbody advise what they feel is the best resource for determining an authentic trend value of these coins?
Thanks so much.
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Replies to This Discussion
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Permalink Reply by Lureuin on -
Have you ever heard of "grey sheets" Martin?
I believe they come out weekly and are the tool most dealers use to gauge the real time value of a coin. I'm not a dealer, but have seen many a one pull out the grey sheets at coin shows or in coin shops.
Here are 2 links that I hope will help:
http://coins.about.com/od/coinbuyingadvice/f/grey_sheet.htm
http://www.greysheet.com/
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Permalink Reply by Clair Alan Hardesty on -
A point Lureuin makes by refering to the grey sheets is that the values of these and indeed all coins are constantly changing. It is also important to note that there is often about a 2:1 price difference between MS numbers for most coins in reports and this means that the value of a coin in any given grade can also vary by this amount, from the bottom of the grade to the top. What is the reason you are trying to pin values down? Are you getting ready to sell or buy? Do you need to insure your collection? The values you arrive at for the coins in your collection will and should depend on what you intend to do with that information. Coins are not cars, there are no MSRPs.
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Permalink Reply by Martin on -
Thanks for the pertaining to the Grey Sheets.
Canadian collectors have a simular document that is published bi-weekly called Trends.
I think Ill pay the 4 bucks download it and see what I can make of it all.
Lureuin said:Have you ever heard of "grey sheets" Martin?
I believe they come out weekly and are the tool most dealers use to gauge the real time value of a coin. I'm not a dealer, but have seen many a one pull out the grey sheets at coin shows or in coin shops.
Here are 2 links that I hope will help:
http://coins.about.com/od/coinbuyingadvice/f/grey_sheet.htm
http://www.greysheet.com/
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Permalink Reply by Martin on
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I think Clair the reason Im trying to get a better understanding of prices is entirely for buying purposes. I agree prices can change but do they change drastically from week to week?
I understand the MSRP theory you suggest but by rites there has to be some type of starting point.
Id hate to pay cadillac prices for a coin and then find out down the road that its only worth the price of a Dodge neon.
Clair Alan Hardesty said:A point Lureuin makes by refering to the grey sheets is that the values of these and indeed all coins are constantly changing. It is also important to note that there is often about a 2:1 price difference between MS numbers for most coins in reports and this means that the value of a coin in any given grade can also vary by this amount, from the bottom of the grade to the top. What is the reason you are trying to pin values down? Are you getting ready to sell or buy? Do you need to insure your collection? The values you arrive at for the coins in your collection will and should depend on what you intend to do with that information. Coins are not cars, there are no MSRPs.
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Permalink Reply by Clair Alan Hardesty on
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It is not so much that prices change from week to week as it is that every coin is an individual. Again, not all PCGS, MS63, red, 1909, S, VDB coins are the same. So, one week all such coins traded might be at the low end of the grade, and the next week all transactions might be for coins at the high end, This is an exageration, but it displays how the prices derived from weekly sales can vary greatly. It also brings up the point that when buying coins by grade, you should not pay much more than the low end amount for that grade. You should only pay more when you can examine the coin in enough detail to put a more specific grade (low MS64, mid MS64, high MS64, etc) on it. If someone wants me to pay mid MS63 prices, I need proof that the coin is mid MS63 grade and not low MS63, otherwise I am only willing to pay at the low end of the scale.
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