Prices in numismatic catalogs – between benchmarks, manipulation, and the actual market state
Numismatic catalogs have for decades represented one of the fundamental tools of numismatic collectors, dealers, and auctioneers. In addition to providing a systematic overview of issues, types, varieties, and technical characteristics of coins or banknotes, almost every catalog also contains estimated market values, i.e., „catalog prices.“ It is precisely these prices that often cause the most