I began coin collecting when I was 12 years and got my real introduction into the basics of coin grading, coin history and a general idea as to what to expect to pay from a coin dealer from the Red book. Unfortunately, when I was a kid, grabbing rare coins was a lot easier than it is today, finding Indian pennies, silver coins, buffalo nickels, silver dollars and a whole host of coins that are now nearly impossible to find in general circulation. Nevertheless, for a great intro into numismatics, coin history, coin mintage and general prices to expect to pay ( not sell to a dealer) a coin, the Red book is exceptional. And now that it comes in a ring binder, it is all the better. Just remember a few things:
1. Coin prices can fluctuate far more than in years past and therefore a subscription to a monthly coin magazine or the grey sheet is an important addition for the serious collector, as well as a specific guide to coin grading. the Red book does a decent basic introduction to grading of coins, but there are better guides available. 2. The Red book is for American coins, though information on old Spanish doubloons, Continental money, etc. can be found. Don't lower your rating just because you expected something it isn't. 3. Coin prices are constantly changing. This book is a guide, not necessarily the final answer to the most current value though it is good at letting you know the general rating of a coin, and the wide variations in value based on the quality and demand of the coin. 4. As a newbie to coin collecting in my younger days, I learned more from this book than any other. I highly recommend it, especially for newer collectors, though I continue to use current editions even after 49 years. 5: coin prices listed here are generally the high end prices. Be realistic in your price negotiations. This simply provides a price guide. 6. I like most coin dealers, but you get a better price selling to an independent buyer, at least in my experience, though selling to a dealer is certainly faster and easier.
The price on the book was fair, shipping prompt and it arrived in pristine conduction. Am very happy with the transaction.