Coin prices are as different as values they hold, and coin collector prices are just another variation. Coin collectors are somewhat biased in thinking their coins are better than those of any other collector, so they must be worth more. While on occasion this may hold more truth than optimism, majority of the time a coin collectors price far exceeds what the market is willing to pay for it.

While some may think that the market price for a coin is the only price there is, the coin collector’s price is just one of many other prices associated with any collectible coin. Coin collecting has two sets of prices, the red book which is only an estimate of what a coin could possibly bring and the market value which is what the coin could actually be sold for. The coin collector’s is optimistic price based on these two facts. While a collector’s price may be based somewhat on fact, their opinions are normally over exaggerated. They may believe their coin is of better quality and either does or does not have a defect which makes it worth even more, a case of beauty in the eye of the beholder. The collector wants to believe that the coin they purchased is of better quality and is worth more than anyone is willing to give them for it. They may ignore a bad flaw that seriously affects the coins value, and take the position that it doesn’t exist, and that their coin collector price is a better estimate of what its really worth.

Coin collector prices should never be taken at face value as it is hardly ever the true value of a coin. Be wary of collector’s who try and tell you’re their price is the market value. Do your own price research, and have it appraised by a professional to make sure you are getting your monies worth. This will guarantee you pay a realistic price and not the coin collector prices a collector can only dream of getting.