The New Coin Price Guides are Worth the Money
Article
by
RD Lancaster
July 22, 2005
It is July and that means to coin collectors and
dealers alike that the new Price Guides are here. By
far the most famous is the RedBook by R. S. Yeoman
and edited by Kenneth Bressett. The new 2006 edition
went on sale July 5, 2005 and is already ranked #15,594
at Amazon.com.
Since 1947 the Red Book has been the
definitive guide to coin valuations for an ever growing
population of coin collectors. Even the Red Book
itself has become collectible with the 1st edition
valued at $750 in VF condition.
The Red Book contains valuable information in addition
to current coin values such as coin mintages, grading
standards for each coin, coin weight and dimensions
plus detailed color pictures. There are numerous other
resources included with An Introduction to US Coins,
Rare Coins as an Investment, and Regular Mint Issues
in the forward section. And Popular Coin Hoards, the
Top 250 Coin Prices Realized from Auctions and a Glossary
in the afterward section to name a few.
The new RedBook is published by Whitman and comes
in paperback, spiral bound (recommended) and a hardcover
edition. This 59th edition is illustrated in color
throughout which is a notable improvement. Since it
first appeared over 21 million Red Books have been
sold.
Both of the BlackBooks have new 2006 editions out
as well. The Official BlackBook Price Guide to US Paper
Money and the Official Blackbook Price Guide to United
States Coins by Thomas E. Hudgeons Jr. were released
on June 7, 2005. The BlackBooks are smaller and done
entirely in black and white. But they are also cheaper
than the RedBook and contain most of the information
the RedBook does. At $6.99 and $7.99 respectively they
are worth their money in valuing your collection.
Whether you choose the RedBook or the BlackBook or
like me both, I strongly urge you to purchase at least
one.
The coin market has gained in value tremendously
since the US State Quarter program started in 1999.
The millions of new collectors gained from the State
Quarter program has driven the prices up on coins
in general.
To make sure you don't sell or under value
your collection it is essential that you stay up
on current market prices. I also recommend that collectors
subscribe to a monthly or quarterly coin magazine
for this reason as well but more on this later.
About the Author of "The
New Coin Price Guides are Worth the Money"
RD Lancaster is the WebMaster and principle programmer
for CoinAuction.org. He has been an avid collector
of both coins and Paper money for 5 years.
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