Red Book in Coin Collecting: What it is and How it Helps?

Often, we heard the collectors talking about the great red book. A dealer probably never takes a decision without consulting it. Whether you go to buy Morgan silver dollars or buy half dollars in Miami, you may have to turn the pages over once or more than that. So, undoubtedly, it is a significant factor in the world of coin collecting. What it is? Which book it is? Let’s know here.

Advertisements

The Red Book is what we call “the Bible of United States Coins”. It is “A Guide Book of sell rare coins Miami” first compiled by R.S. Yeoman. We will discuss here every necessary detail about it. Let’s proceed.

What is a Red Book?

First compiled by R.S. Yeoman in 1946, Red Book is a price guide for coin collectors who are fond of collecting United States dollars and coins. It has its sister handbook named the Older Handbook of buy rare coins in Miami. It is known as an authoritative U.S. coin price guide.

How does it Help?

The book lists down the retail price of all United States coins ranging from the coins of the colonial period to modern era currencies. It also includes the year of issue, mint marks, and significant design variations. Along with the significant coins and assets, the book lists commemorative coins, mint sets, proof sets, bullion coins, and so on. Also, the U.S. pattern coins, private and territorial gold, civil war tokens, and so on.

From where it begins

According to the report, the guidebook is the longest-running price guide for U.S. coins. Nearly 24 million copies have been sold. The first compiler Yeoman was an employee at Whitman Publishing. In 1942, Yeoman had served as a founding co-editor of another famous guide named Handbook of United States Coins, which is known as the Blue Book.

The formats

Till now, the book has been published in many different formats. They are softcover, spiralbound softcover, spiralbound hardcover, large print edition, Limited Edition leatherbound, etc.

Before You Go- The Conclusion

Whether you plan to buy Morgan silver dollars or sell gold coins, the book can be a great help. It guides you about the prices and helps you with the right knowledge regarding the coins and medals.