I disagree, most US dealers I know think its in sterling. You only have to go to a record show and see prices on records. At the recent Allentown show I asked a few dealers how they got to that price and they said "Its 50 pounds in Manships book, that makes it 100 dollars".
I`m sure john wont mind me saying that most of the book is on the high side so if the record is only a £40 record anyway where do you start to negotiate on a record they want $100 for!? Ok, there are some exceptions and luckily most dealers do appreciate you need a deal after coming so far to buy records.
What really pisses me off is when you get guys at soul nights or on here using the book as a bible and every price is from the guide regardless of condition or the fact they have no Tax, VAT or Import duty to pay. I know earlier editions did make reference to VAT being included in the price.
I guess what pisses me off is not the book but the way people use it and interprate it.
Chris.