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 Replies: 24 / Views: 3,787 |
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Pillar of the Community
United States
1534 Posts |
If you do not use the Red Book for the grade advice and the other information, I suggest you use the Greysheet or Numismedia. I've been comparing ebay auction results, Greysheet, and Numismedia, and the Red Book is the least accurate as to what people are paying. each price guide has its own ups and downs, but I think the Greysheet is the most useful and comprehensive. |
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Pillar of the Community
United States
4867 Posts |
Where can these publications be found?
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Pillar of the Community
United States
1882 Posts |
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Valued Member
United States
171 Posts |
Are greysheet prices more or less than Red Book? |
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Pillar of the Community
United States
1882 Posts |
the greysheet numbers are less than RedBook. RedBook is intended to reflect retail prices, and greysheet is supposed to reflect the wholesale market (dealer to dealer trading). The 2010 RedBook has been out since May, 2009, so even as a retail guide it isn't exactly current. Instead of a RedBook, I keep a blue book (wholesale value estimates) at my desk for doing quick coin look-ups. But I take the printed values with a grain of salt. |
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Pillar of the Community
United States
651 Posts |
Greysheet prices vary from time to time and from coin to coin. It is very current, and it's what many dealers tend to use most regularly to base their decisions.
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Pillar of the Community
United States
920 Posts |
I requested a free one time copy of the greysheet from their website.
My question would be if the prices are wholesale market dealer to dealer trading how does that apply to most of us that aren't dealers?
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Pillar of the Community
United States
1882 Posts |
RPT, the retail guides are too high, and the greysheet is low, so the answer is somewhere in the middle. :)
To me, the greysheet prices represent good deals. And with patience, sometimes those good deals happen.
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Pillar of the Community
United States
651 Posts |
You tell 'em. Power to the little people. You now wield the power. Stop paying retail all the time.
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Pillar of the Community
United States
2049 Posts |
Quote:
RPT, the retail guides are too high, and the greysheet is low, so the answer is somewhere in the middle. :)
To me, the greysheet prices represent good deals. And with patience, sometimes those good deals happen. Yep this is well put. One thing alot of people dont realize is the extent to which dealer to dealer transactions occur. So if a dealer offers you something below Greysheet bid, dont be offended. He may be basing his buy price off of the fact that he may have to turn around and sell the coin to another dealer at bid, and then that dealer will mark it up to ask or ask plus a percentage. Quote:
Stop paying retail all the time. Best way to do this is to become a dealer yourself. :) |
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Pillar of the Community
 United States
1534 Posts |
Greysheet Bid is considered to be wholesale "dealer to dealer" trading. Greysheet Ask is generally what collectors should pay. I rarely use any price guides though, I usually know the general ideas of what I would be happy paying for Standing Liberty quarters. |
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Pillar of the Community
Canada
1931 Posts |
i couldnt find where you can get one issue free. I would like to see it before buying it.
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Valued Member
United States
112 Posts |
When you get to the grey sheet main page scroll all the way down. You will see a super-small red line which says; free sample. Squint your eyes because its super small. Nothing is free-ya know....
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Pillar of the Community
United States
1882 Posts |
Quote:
Greysheet Bid is considered to be wholesale "dealer to dealer" trading. Greysheet Ask is generally what collectors should pay. The spread between bid/ask is small...about 10%. Those are the bid and ask prices for dealer-to-dealer trading. A sale occurs when the two dealers agree on a price. :) A dealer won't stay in business long marking up only 10% to retail customers. Yes, as I already mentioned, collectors can get coins at greysheet levels.  |
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Pillar of the Community
United States
1353 Posts |
I have had no problem getting coins at greysheet levels at coinshows. The coins are not "modern" coins.
There are many dealers that won't budge,but a few that do. These dealers also seem to do the bulk of the business at the shows.
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Pillar of the Community
United States
1534 Posts |
Oops, my mistake. I have to agree with Murty, it seems pretty easy to find coins at Greysheet Ask, even sometimes Bid. Edited to add the link to the free sample: http://www.greysheet.com/web_order/sample_form.aspThey all kinds of different newsletters, remember to read about each one. Edited by wheatguy
03/25/2010 10:57 am
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Replies: 24 / Views: 3,787 |
Posted 03/23/2010 3:36 pm
