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 Replies: 10 / Views: 1,207 |
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Pillar of the Community
United States
772 Posts |
Hello.
I am still in the learning stages of coin collecting. Price guides seem to bring a little controversy.
A couple people I deal with say stick to the greysheet. I can buy almost anything at greysheet to 15-20% below.
Some other people that I have dealt with say you cannot expect to buy at the greysheet. A dealer at a retail shop told me I might as well through the greysheet away.
Now I know something cannot be bought at greysheet prices. There are some things that will sell for quite a bit higher... but is there anything that the greysheet is overpriced on?
What do you all go buy when buying and/or selling?
Jordan
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Valued Member
United States
79 Posts |
many times I as a collector was able to buy coins from dealers at GREY sheet ask and even bid.Get to know one or two dealers in your area that you trust and let them know how much you appreciate the favor.Many coins sell under Grey sheet on ebay but you must be knowledgable or you could get burned badly. |
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Pillar Of The Community
3147 Posts |
My dealer goes STRICTLY buy the Greysheet while many will say they are going by the greysheet they are actually buying by a percentage of the greysheet. Some will throw the old greysheet out on the counter and then offer 70% to 80% of the greysheet bid price when buying coins. That is NOT going by the greysheet! Quite frankly the greysheet is the most up to date pricing guide available as all other guides, for the most part, are printed far in advance of the release date and you can't expect them to even be close to accurate. The are exactly just that----A GUIDE! Knowledge and hobby experience are very valuable so take the time to build on both and most of all enjoy the hobby!
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Pillar of the Community
United States
1203 Posts |
I have no use what so ever for any of the so called pricing sheets. They are made up as crystalk said, in advance of what some one 'thinks' the price will be when the sheet is issued.
The best method after all these years in the hobby, that I have found is to make up your own mind as to how much you are willing to spend and stick to your guns, no matter what. It has payed off for me and I see no reason it shouldn't work for you.
Good luck in your search for coins!
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Pillar of the Community
 United States
772 Posts |
Alright, so some people not fans of the greysheet... So if you could buy at greysheet prices all day long, would you or wouldn't you. Or does it just depend on the coin. If it just depends on the coin, how will you really know?
I am not in this hobby to make a killing, but a buck here and there is not a bad thing. I just do not want to get burned on anything.
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Valued Member
United States
79 Posts |
jdheyne,Dont buy any thing you dont love at Greysheet:its nice to make a buck or two but for the average collector to make a lot is just not realistic unless you are lucky. Most coin buys go up in 5 to 10 years unless you overpay.Broaden your contacts and be patient.
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Pillar of the Community
United States
772 Posts |
patience... something I lack and wish I had. I normally get in the "get er done" mode. Which I have already regretted in coin collecting... wishing I had not made some of the buys that I have made. But hopefully I will learn in time.
Thanks for the advice.
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Pillar of the Community
Australia
1091 Posts |
quote:
Originally posted by OldDan
....The best method after all these years in the hobby, that I have found is to make up your own mind as to how much you are willing to spend and stick to your guns, no matter what. It has payed off for me and I see no reason it shouldn't work for you.
Old Dan's advice is the best advice you'll ever receive. One good thing about coin collecting is that the type and condition of a coin your after will be for sale again and again, week after week. Coins are not one offs. Take your time, collecting is a hobby, so relax and enjoy the hunt for the coin at the right price. BTW, This is probably a silly question but why isn't the Greysheet "On-Line"? Prices could change daily and be checked by everyone. Edited by toast
03/03/2006 12:25 am
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Moderator
 Australia
16830 Posts |
Toast, I suspect it's the same reason that none of the guides/catalogues (eg Krause, Maccas, Red Book) are online: if you could look at it on the Web for free, why would anyone buy the book? Sure, you could lock it away in a "members only" area and get people to pay a fee to get in and have a look, but that sort of thing just isn't popular with Web surfers and rarely works at the moment. Given time (perhaps only a few more years), guide issuers may well have online versions, but not just yet. Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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Pillar of the Community
Australia
9406 Posts |
I think on-line would be great. It works for stamps. You can go on-line to Stanley Gibbons and get a basic idea of what stamps are worth, and people still buy the catalogs. Steve  |
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Pillar of the Community
United States
772 Posts |
I have the Greysheet online subscription... comes out on Wednesday, quite a bit before most people here get theirs. Just print it out at work, put it in my binder, and be done.
I like this because I tend to lose or forget things (including my greysheet. So anywhere that has internet access, I can go back on and print off another one.
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Replies: 10 / Views: 1,207 |
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Posted 03/02/2006 4:56 pm
