Modern Book Collecting offers advice that answers all the basic questions a book lover and collector might have--what to collect and where to find it, how to tell a first edition from a reprint, how to build an author collection, how to get the best price from dealers, how to understand the prices and rarity of books, and more. With a handy dictionary of terms used in auction and dealer catalogs and a new section on Internet resources, this is a must-have guide for book lovers.
When I bought this I was concerned that it would be badly outdated, but for the most part it holds up remarkably well - nothing about internet trading, of course, and the sections about dealer catalogues and the uses of telephone ordering might not be the most useful in the book, but most of it is filled with sound timeless advice and helpful anecdotes and information about everything from the process of proofreading to the virtues of being polite to poets. It might be slightly rambling at times, but that's part of the charm.
It's also rather smartly written, and with an obvious passion for books and literature - the parts about how the enjoyment of reading is more important than assuring increased value of investments made me smile.
Read it for the insight and personal experience, and consider getting another book covering the more technical details of book collecting in greater detail.