I ran across an interesting Coin Talk (cointalk.com) thread recently that began with the question: “How Often Do You Buy a Red Book?” I got my first “Red Book” (A Guide Book of United States Coins) back in the 1950s, and I have a mostly complete collection of them beginning then. I also picked up a modern copy of the first Red Book.
When I was a kid, I can remember at least one dealer in town who bought by the “Blue Book” () and sold by the Red Book. Another dealer paid half Red Book for coins and sold at full Red Book. Prices in the Red Book are supposed to