While thinking about modernizing the hobby it came to me that there is one aspect of the hobby that may still be stuck in the 20th century and that is price guides.

Price guides are supposed to be the guide that tells buyers and sellers the value of a coin. But over the years price guides went from being an art form to a statistical business with many different players vying for your attention.

Some of these guides have a good reputation while others may not be considered the best sources for prices. In either case, collectors have been known to use both the good and not so good to determine the price of their collectible because ultimately, the price is what you are willing to negotiate with the dealer to pay for the item regardless of what the guide says.

I started thinking, what do collectors use as their guide for pricing? Do they use more than one guide? If they buy a hardcopy (“dead tree edition”) do they buy new copies every year?

Today’s poll wants to know what you use to determine the price of your collectible or the acceptable price to buy or sell that special item.

What do you use to determine the price of coins and currency?

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