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#1
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First Look at the Professional Edition Red Book
Mine arrived a couple of days ago. It is a nice book, but it is
clearly for a certain class of "professional" numismatist and perhaps not for me. I do claim to be a professional -- at least that is what our accountant tells the IRS every year. But I write. My numismatic business is research and reporting. This book is clearly intended for people who buy and sell American coins. Moreover, it is the "dealer's dilemma" that collectors are specialists whereas dealers are forced to be specialists. So, the collector cherrypicks the dealer. This book can help the dealer. Specialists will have the books listed in each of hte many bibilographies. Specialists will have all of that information and more in their heads. This book is for the dealer who has to look up the key errors and varieties of each issue from half cents to double eagles. The specialist will know which items have appeared recently at major auctions. The dealer will have to look it up. That is what this book is for. It contains a treasure house of information that the professional simply cannot keep up front all the time. Perhaps least permanent is the information at the back about recent Chinese (and other) counterfeits. Again, specialist collectors will seldom be fooled. It is the dealer who risks being taken advantage of. Mike M. Michael E. Marotta "Books are your friends and you don't write on your friends, do you?" |
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#2
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First Look at the Professional Edition Red Book
Mike Marotta wrote:
Mine arrived a couple of days ago. It is a nice book, but it is clearly for a certain class of "professional" numismatist and perhaps not for me. I do claim to be a professional -- at least that is what our accountant tells the IRS every year. But I write. My numismatic business is research and reporting. This book is clearly intended for people who buy and sell American coins. Moreover, it is the "dealer's dilemma" that collectors are specialists whereas dealers are forced to be specialists. So, the collector cherrypicks the dealer. This book can help the dealer. Specialists will have the books listed in each of hte many bibilographies. Specialists will have all of that information and more in their heads. This book is for the dealer who has to look up the key errors and varieties of each issue from half cents to double eagles. The specialist will know which items have appeared recently at major auctions. The dealer will have to look it up. That is what this book is for. It contains a treasure house of information that the professional simply cannot keep up front all the time. Perhaps least permanent is the information at the back about recent Chinese (and other) counterfeits. Again, specialist collectors will seldom be fooled. It is the dealer who risks being taken advantage of. Mike M. Michael E. Marotta "Books are your friends and you don't write on your friends, do you?" What distinguishes Professional Edition from the working class edition? JAM |
#3
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First Look at the Professional Edition Red Book
On Nov 2, 9:54 am, Frank Galikanokus
wrote: What distinguishes Professional Edition from the working class edition? Briefly, the nature of the information presented. For each issue from Half Cents to Double Eagles, you will find tables of dollar values for the high-end market grades, typically Mint State and Proof, though down to VF and EF for early copper, as needed, and therefore DMPLs for Morgans, too. Moreover, each table has a column for direct citations to recent auctions. Furthermore, the tables approximate the certified populations, including the percentage of those certified that are in Mint State. Extensive color photographs illustrate the differences among important varieties, such as Small Date from Large Date, and so on.Important varieties also receive special treatments with paragraphs in standardized formats to give an overview of History, Strike and Sharpness, and Availability on the market. The book is replete with these throughout. Not in here are Colonials, Tokens, Pioneer Gold, Modern Commemoratives and US Mint Bullion. I expect that this is the book that a dealer would take to an auction at an ANA, Long Beach or Baltimore convention. The cover price is $29.95 and if you buy and sell a wide populatton of US Type coins in the ranges of hundreds to thousands of dollars, then this book would be cheap at twice the price. Mike M. Michael E. Marotta "Going once..." |
#4
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First Look at the Professional Edition Red Book
Mike Marotta wrote:
On Nov 2, 9:54 am, Frank Galikanokus wrote: What distinguishes Professional Edition from the working class edition? Briefly, the nature of the information presented. For each issue from Half Cents to Double Eagles, you will find tables of dollar values for the high-end market grades, typically Mint State and Proof, though down to VF and EF for early copper, as needed, and therefore DMPLs for Morgans, too. Moreover, each table has a column for direct citations to recent auctions. Furthermore, the tables approximate the certified populations, including the percentage of those certified that are in Mint State. Extensive color photographs illustrate the differences among important varieties, such as Small Date from Large Date, and so on.Important varieties also receive special treatments with paragraphs in standardized formats to give an overview of History, Strike and Sharpness, and Availability on the market. The book is replete with these throughout. Not in here are Colonials, Tokens, Pioneer Gold, Modern Commemoratives and US Mint Bullion. I expect that this is the book that a dealer would take to an auction at an ANA, Long Beach or Baltimore convention. The cover price is $29.95 and if you buy and sell a wide populatton of US Type coins in the ranges of hundreds to thousands of dollars, then this book would be cheap at twice the price. Mike M. Michael E. Marotta "Going once..." Tanks Mike! JAM |
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