A Revolution in Rare Coin Price Guides
By Jeff Garrett
Courtesy of NGC
A Revolution in Rare Coin Price Guides
Some of the oldest rare coin price guides for US coins began in the mid- to late 1800s. There was boom of collector interest in US coinage when the Mint stopped making Large Cents. A few of the great collections of the era were started at this time.
Over the generations, rare coin price guides changed very little. Slowly, conditions became more of a factor in pricing, but with only one or two grades listed for most coins.
In late 1946, the Guide Book of United States Coins (“Redbook”) was first published. This became the bible of numismatic pricing for the next 50 years or so. I remember times in the 1970s when dealers would not price coins in inventory until the latest edition of the Redbook was distributed. Most of my early knowledge of rare coins came from memorizing as much as possible of the Redbook. Continue reading.
Comments
Mike
Level 7
I would have to say anything written by you is a good read just like this one is and I thank you for it. It was enjoyable. There is a problem. Lately no one reads anything. I have been collecting for many year than i will admit and I read to learn. I think we will never stop learning in this hobby but those who don't read books or blogs even a simple book like the Red Book is denying themselves a great education and a better collection. Thanks for taking the time out of your bust schedule. I write blogs constantly I enjoy sharing information. Take care and enjoy. Mike.
Kepi
Level 6
Great information! The Redbook is a must for everyone who buys coins. Thanks for posting this interesting blog!
Longstrider
Level 6
Very interesting blog and article. It's comes down to the same old deal. Buy the coin not the slab. Learn to grade for yourself. Info is fast and much easier to come by. Thanks!!