2016 Greg McDonald

[frenc11]

23RD EDITION TO BE PUBLISHED FEBRUARY


Dear Forum Member,

Since learning about the upcoming Renniks release in the latest CAB magazine, I have decided to hold back on releasing my book [23rd edition] until after the Holiday break.

Usually, Renniks produces a new book every two years, so this is a new strategy.  I feel that two books coming out within days of each other will affect sales for both of us.  I also have to take into consideration that many dealers will not want to hold unsold stocks of two books that will lie dormant for weeks over the holiday period.

The exact date for the release of the 23rd edition will depend on the printer's schedule in the New Year, but I will advise as soon as it is confirmed.

While I run the risk of losing Christmas sales, there is an upside.  Renniks now prints its book overseas and there are obvious extra time delay factors involved in shipping by sea, customs clearance, etc.

I tried a similar experience with the production of the 21st edition in Singapore. However, I was frustrated by the time delay and the omission of a lot of new issues and general updates that appeared while the books were on the high seas. In some ways, I felt the book was out of date before it hit the stores.

That probably wouldn't matter much in previous years, or if you are a pre-decimal collector.  However, the past 12 months has been huge for modern issue collectors.  This respite will give me time to include a range of 2017 issues that are already being advertised.  

The extra time also allows me to farm out the manuscript to dealers and collectors for corrections and updates. Errors and omissions in a book of this complexity are inevitable and only made worse by the last minute rush to tie up all the loose ends before heading to the printer.  In particular, I am very grateful to fellow author and publisher [and all round good bloke] John O'Connor, of Noble Numismatics who is the last word on 'punctuation Correctness.'

I hope you agree that this is the best option.  I don't subscribe to the glass is half empty or half full. Regardless, it clearly needs topping up.

Thank you to the many who have inquired about the book.  Also a special thanks to the many forum members who have contacted me privately with updates and suggestions.  

The amount of time these people have been willing to give so freely is really humbling.

In closing, both Jenny and I and the three L's  [Luke, Lachlan and Lily], wish you all the best for the coming festive season.  Stay safe!

Kind Regards


Greg

All good Greg best wishes

what is good about being told a book is coming out in february and it is still not out in june , if i am a week behind in my job i get penalized SEVERELY and if i am 2 weeks behind i get sacked with out pay ?

[kchan1111]

what is good about being told a book is coming out in february and it is still not out in june , if i am a week behind in my job i get penalized SEVERELY and if i am 2 weeks behind i get sacked with out pay ?

Has Greg accepted some form of payment from you to have this out in Feb?

You did with you salary...

[robbiegal]

Gosh
I would have been sacked years ago.

I think Greg is very hesitant and trying to get it as tight as he can after the very serious issues following the last edition

[runway]

23RD EDITION TO BE PUBLISHED FEBRUARY


Dear Forum Member,

Since learning about the upcoming Renniks release in the latest CAB magazine, I have decided to hold back on releasing my book [23rd edition] until after the Holiday break.

Usually, Renniks produces a new book every two years, so this is a new strategy.  I feel that two books coming out within days of each other will affect sales for both of us.  I also have to take into consideration that many dealers will not want to hold unsold stocks of two books that will lie dormant for weeks over the holiday period.

The exact date for the release of the 23rd edition will depend on the printer's schedule in the New Year, but I will advise as soon as it is confirmed.

While I run the risk of losing Christmas sales, there is an upside.  Renniks now prints its book overseas and there are obvious extra time delay factors involved in shipping by sea, customs clearance, etc.

I tried a similar experience with the production of the 21st edition in Singapore. However, I was frustrated by the time delay and the omission of a lot of new issues and general updates that appeared while the books were on the high seas. In some ways, I felt the book was out of date before it hit the stores.

That probably wouldn't matter much in previous years, or if you are a pre-decimal collector.  However, the past 12 months has been huge for modern issue collectors.  This respite will give me time to include a range of 2017 issues that are already being advertised.  

The extra time also allows me to farm out the manuscript to dealers and collectors for corrections and updates. Errors and omissions in a book of this complexity are inevitable and only made worse by the last minute rush to tie up all the loose ends before heading to the printer.  In particular, I am very grateful to fellow author and publisher [and all round good bloke] John O'Connor, of Noble Numismatics who is the last word on 'punctuation Correctness.'

I hope you agree that this is the best option.  I don't subscribe to the glass is half empty or half full. Regardless, it clearly needs topping up.

Thank you to the many who have inquired about the book.  Also a special thanks to the many forum members who have contacted me privately with updates and suggestions.  

The amount of time these people have been willing to give so freely is really humbling.

In closing, both Jenny and I and the three L's  [Luke, Lachlan and Lily], wish you all the best for the coming festive season.  Stay safe!

Kind Regards


Greg

All good Greg best wishes

what is good about being told a book is coming out in february and it is still not out in june , if i am a week behind in my job i get penalized SEVERELY and if i am 2 weeks behind i get sacked with out pay ?

It's not all about YOU nor your job
There's a valid reason why book is delayed

[runway]

Gosh
I would have been sacked years ago.

I think Greg is very hesitant and trying to get it as tight as he can after the very serious issues following the last edition

If only you knew the full story

[Hercules]

what is good about being told a book is coming out in february and it is still not out in june , if i am a week behind in my job i get penalized SEVERELY and if i am 2 weeks behind i get sacked with out pay ?

I know it's frustrating, but think about the size of the task Greg has to accomplish. He has to complete a 500-page book that's both up-to-date and completely free of errors. I don't think he's being lazy or slack. I think he's just a bit overwhelmed. I would too if I were trying to keep a complete catalogue of all the mint's products, so I'm willing to cut him a bit of slack.

[robbiegal]

Gosh
I would have been sacked years ago.

I think Greg is very hesitant and trying to get it as tight as he can after the very serious issues following the last edition

If only you knew the full story

true i don't
ps
the book depository is wating too...!!
https://www.bookdepository.com/2017-Pocket-Guide-Australian-Coins-Banknotes-Greg-McDonald/9781875389094

[trout]

Any book regardless of Renniks or McDonald is not intended to become a valuation guide it's just a reference book

I stick by my opinion Trout :wavemulticolor:

I didn't write "Any book regardless of Renniks or McDonald is not intended to become a valuation guide it's just a reference book" You did :ok:

If the books are not intended as a valuation guide then please explain why the books list the valuations for the coins ??
These books ARE used as a valuation guide by many Dealers and coin sellers and that is why Greg copped so much "Flack" over his last edition, Which I personally think was awful behaviour as these people that attacked and bagged Greg over his valuations knew perfectly well that the coin market had taken a downturn and that they were charging the valuations that were in his previous book for coins/notes knowing fully well that these values didn't represent "Fair" market value.
Quite frankly I am amazed that Greg is even bothering to produce another guide after the way he was treated last time and do I admire his courage and determination in doing this.

So for all those thinking that Greg is being Lax or Lazy because of the delays in the publishing of his next guide, Think again.
It will be ready when it is ready So please be patient.:ok:

[runway]

Any book regardless of Renniks or McDonald is not intended to become a valuation guide it's just a reference book

I stick by my opinion Trout :wavemulticolor:

I didn't write "Any book regardless of Renniks or McDonald is not intended to become a valuation guide it's just a reference book" You did :ok:

If the books are not intended as a valuation guide then please explain why the books list the valuations for the coins ??
These books ARE used as a valuation guide by many Dealers and coin sellers and that is why Greg copped so much "Flack" over his last edition, Which I personally think was awful behaviour as these people that attacked and bagged Greg over his valuations knew perfectly well that the coin market had taken a downturn and that they were charging the valuations that were in his previous book for coins/notes knowing fully well that these values didn't represent "Fair" market value.
Quite frankly I am amazed that Greg is even bothering to produce another guide after the way he was treated last time and do I admire his courage and determination in doing this.

So for all those thinking that Greg is being Lax or Lazy because of the delays in the publishing of his next guide, Think again.
It will be ready when it is ready So please be patient.:ok:

Have a read of the NOTE REGARDING PRICING IN THIS GUIDE trout if you have a Greg McDonald Pocket Guide handy ... fairly easy to understand mate

[trout]

Have a read of the NOTE REGARDING PRICING IN THIS GUIDE trout if you have a Greg McDonald Pocket Guide handy ... fairly easy to understand mate

I am well aware of that disclaimer Peter, That doesn't alter the fact that the guide is still used when coins are sold :ok:

[Basil]

I am well aware of that disclaimer Peter, That doesn't alter the fact that the guide is still used when coins are sold :ok:

Dealers used it as a guide to 'RRP' for years,their 'buy' price was about half(or less) than what the guide showed and Ebay has reinforced that.
It doesn't alter the fact that scarce/low mint Coins/Notes in excellent condition are worth big money,often more than Greg's estimate,but its a volatile market that ebbs and flows so no Guide will ever be accurate for every listing,he says stating the obvious..

[robbiegal]

ebay ruined values for all collectables

people suddenly had a place to find and sell collectables outside of the auctions, newspapers etc

i have seen antiques shows that say ... value something at 500 pounds and qualify that several years ago the same item would have been valued at say 1,500 pounds but ebay has increased the availability and thus  ... prices go down

[trout]

ebay has increased the availability and thus ... prices go down

Is this really a bad thing ?
Lower prices = more collectors being able to afford to collect :good:
Not so good if you are selling But :dash1:

[runway]

Have a read of the NOTE REGARDING PRICING IN THIS GUIDE trout if you have a Greg McDonald Pocket Guide handy ... fairly easy to understand mate

I am well aware of that disclaimer Peter, That doesn't alter the fact that the guide is still used when coins are sold :ok:

I know that, but in reality prices listed are estimate only but don't necessarily reflect market value at time of publishing either for a buyer or seller

[trout]

I know that, but in reality prices listed are estimate only but don't necessarily reflect market value at time of publishing either for a buyer or seller

Most seasoned collectors are well aware of this, However new collectors tend to take the valuations in the book as gospel.
And unfortunately some dealers take advantage by using the valuations in there when they sell a coin at "Book" value knowing full well that the coin is worth less than the price stated in the book at the time of sale.

This is the reason why Greg got "Crucified" by some people when he brought back the valuations to some semblance of reality in his last edition.

I agree there IS a disclaimer at the front of the book that explains the difference between the valuations published and the true market values on a day to day basis But in reality very few people bother to read the preface of this publication :ok: