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All Forums Category: General Numismatic Forums Forum: Main Coin Forum

Greysheet Certified Chart

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rustyboy
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 Posted 06/24/2009  5:50 pm Show Profile   Bookmark this topic Add rustyboy to your friends list Get a Link to this Message Number of Subscribers
I was looking at a greysheet in detail recently and noticed the percentage figures at the beginning comparing the bids in greysheet for "sight unseen" coins verse slabbed certified coins. Why are dealers willing to apparently pay more for an unseen coin than for a slabbed coin? As hard as I think about it, I cannot for the life of me come up with something meaningful. Thanks in advance.
BH1964
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 Posted 06/24/2009  7:14 pm  Show Profile   Check BH1964's eBay Listings Bookmark this reply Add BH1964 to your friends list Get a Link to this Reply
I think you are misinterpeting the statement. What it means is: % given is what dealers will pay for slabbed coins (on average) sight unseen coins against what Greysheet price is.

For example: Say NGC average is 75%. Greysheet price for a given coin at a given grade is $100. That same coin (grade/date/MM/etc) in an NGC slab would (on average) bring $75 sight unseen.

Does that make sense? What they are comparing is TPG and what dealers will pay for their coins sight unseen.
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rustyboy
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 Posted 06/24/2009  7:32 pm  Show Profile   Bookmark this reply Add rustyboy to your friends list Get a Link to this Reply
Ooh, wow. I think for some reason I attributed greysheet as dealer to dealer unseen. I realize now upon looking closely its a sight seen guide. Bonehead mistake. Thanks.
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