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 Replies: 14 / Views: 4,410 |
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Moderator
 United States
15428 Posts |
I read many members referring to CDN prices ..... 'bid' and 'ask'.
What is this, and how does one gain access to the prices?
David
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Pillar of the Community
 United States
5953 Posts |
http://www.greysheet.com/Its a subscription service but once you are registered you can just buy the lists that interest you.
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Pillar of the Community
United States
615 Posts |
Refer to above - he beat me  It is a weekly publication of wholesale buying and selling prices. Edited by HippieOutcast
03/12/2010 7:20 pm
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Pillar of the Community
United States
2049 Posts |
One quick comment...these are wholesale (dealer to dealer) price guides, so don't have one in hand and go to a coin shop, and necessarily expect to get the prices you see in the Greysheet. Sadly, CDN has made these available to anyone who is willing to pay for them versus limiting them to registered dealers.
I know one dealer in town here who will question someone up and down that brings in a Greysheet for a price reference if he doesn't think the person is a legit dealer.
So just keep that in mind in case a dealer questions you or seems skeptical should you bring one in or to a coinshow. :)
Edited by CoinHunter53562
03/12/2010 7:31 pm
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Moderator
 United States
15428 Posts |
Thanks ..... great info and what I was looking for. I don't really need to know dealer wholesale prices .... so I'll pass on the Greysheet. A follow-up question if I may ...... I have been purchasing for my collection a few PCGS slabbed Classic US Silver Commemorative ...... using the current Numismedia price guide as an absolute upper bound and trying to stay 20% below that price. Is this a reasonable pricing strategy for retail purchases? Does the fact that I insist on PCGS slabbed coins make them any more 'valuable' relative to others in the same grade? I appreciate all the great support here at the CCF David Take a look at my other hobby ... http://www.jk-dk.art |
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Bedrock of the Community
United States
10982 Posts |
Quote:
Does the fact that I insist on PCGS slabbed coins make them any more 'valuable' relative to others in the same grade?
PCGS slabbed coins do tend to bring a premium but remember we're still very much in a buyer's market. P.S. Numismedia is a good source for "ballpark" retail pricing but the CDN Greysheet is what I generally go by these days. |
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Pillar of the Community
United States
1534 Posts |
Yeah I mostly use Greysheet now. Bid is the wholesale and Ask is retail. Their prices are generally less than Numismedia and are widely respected and used. You can request a free sample on their website, you can probably use that for a while.
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Pillar of the Community
United States
2049 Posts |
It would be interesting to pick 10 or so random US coins to compare prices from Numismedia, Greysheet, and Coin Prices magazine to see how they compare. I know one dealer in town here who uses the Greysheet for buying, but Coin Prices for retail pricing. Other dealers use the Greysheet for both, but I think they often charge more than ask by a few percentage points. If I have time today, I might make this a project and do a followup post so we can see how these compare. |
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Pillar of the Community
United States
2049 Posts |
Ok I had time (it's cold and rainy out so much else going on thise morning...lol). 1877 Indian Head cent XF-40: Numismedia $2670 Greysheet $2050/2250 bid/ask May 2010 Coin Prices $2650 2010 Red Book $2500 1909 S-VDB Lincoln Cent VF-20: Numismedia $1270 Greysheet $1100/1175 bid/ask May 2010 Coin Prices $1395 2010 Red Book $1200 1926-S Buffalo nickel AU-50: Numismedia $2220 Greysheet $1950/2150 bid/ask May 2010 Coin Prices $2450 2010 Red Book $3000 1921-D Merc Dime MS-65: Numismedia $3250 Greysheet $2320/2575 bid/ask May 2010 Coin Prices $3250 2010 Red Book $1550 1932-D Wash Quarter F-12: Numismedia $155.25 Greysheet $130/140 bid/ask May 2010 Coin Prices $190 2010 Red Book $190 1921-S Walking Liberty half XF-40: Numismedia $4800 Greysheet $3650/4000 bid/ask May 2010 Coin Prices $4850 2010 Red Book $5500 1955 Franklin half MS-65: Numismedia $55 Greysheet $34/37 bid/ask May 2010 Coin Prices $70 2010 Red Book $65 1885-CC Morgan dollar AU-50: Numismedia $535 Greysheet $500/550 bid/ask May 2010 Coin Prices $610 2010 Red Book $575 1928-P Peace dollar VF-20: Numismedia $328 Greysheet $350/375 bid/ask May 2010 Coin Prices $395 2010 Red Book $475 1908-S St Gaudens Double Eagle gold XF-40: Numismedia $2910 Greysheet $2700 bid (no ask price listed) May 2010 Coin Prices $3150 2010 Red Book $3500 It's interesting to see how much differences there are in the pricing between these commonly used price guides. One thing to note is that Numismedia and Coin Prices (retail price guides) are showing higher prices on the first 7 coins compared to Greysheet "Ask", lower prices on the next two compared to Greysheet "Ask" and no comparison available for the St. Gaudens. So maybe we can throw out two questions for discussion... 1) Why do you guys think there is such much discrepancy between the price guides. 2) How does your local dealer price their coins for retail purposes? There is already some good discussion going on here, but maybe we can expand it more by looking at the two questions above. :) Edited by CoinHunter53562
03/13/2010 11:44 am
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Valued Member
United States
462 Posts |
Thanks for doing that legwork, CoinHunter. I used to work in a ballcard shop so I have an idea about (1). Each price guide we used had a fleet of dealers that they would poll every month about what they were going to price cards at. The better price guides made an attempt to collect data from all around the country in order to soften out any regional price fluctuations. Most of the time these mechanisms for determining pricing were semi-transparent. My father, the owner of the card shop, was convinced, however, that one guide in particular was low-balling hot new items in order to accumulate said items then would hike the "price" in the price guide to sell such items. As an aside, every dealer charged a premium for local talent. I have trouble thinking about how that would translate into the Coin World, but it would be interesting if after being scaled for operating costs, the cost of a San Fransisco minted coin were higher in SF than in Denver. I doubt it but who knows? As for (2), my local dealer uses GreySheet but I don't know if he adds or subtracts a percentage from the Ask price. |
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Pillar of the Community
United States
2734 Posts |
It seems like everyone I see at the coin shows is carrying a Greysheet,
and a lot of dealers also keep a copy on the table so the customer
can look up the 'Ask' price for a particular coin, instead of the
dealer having to 'price tag' all of their coins. I even know a shop
where the coins are sold at 'Ask' instead of price-tagged (and I've
bought a fair share of Morgans from them!)
It's the rule of the shows that the regular selling price is Greysheet
'Ask'. If they buy anything from you, they'd use 'Bid' as the guide.
Anyone at the shows selling anything below 'Ask', or especially below
'Bid', will usually put up signs and make a big deal about it!
At shops, it's different. They tend to retail above 'Ask' for a hot
in-demand item (and why not?!), but even shops like to sell excess
inventory of lower-demand items at 'below Bid' to move them out...
Also, a classic key date coin with outstanding eye appeal for its
grade (especially for MS coins) can usually sell for above 'Ask'
at a dealer.
Edited by DNA
03/13/2010 5:09 pm
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Valued Member
United States
149 Posts |
I almost always use the Greysheet. The people I deal with (a couple local dealers and Silvertowne) are normally right at bid... which is quite nice! But the greysheet can be off. Waaaay off on certain coins. Mainly low-mintage Seateds, 1831 Half Cent. I would pay multiple times greysheet (or even the retail price guides) price for many of the Seated coins. The 1831 Half Cent... Greysheet is $5,500 in 40, the RedBook is $50,000... And then sometimes the Greysheet will be higher than the RedBook, as the 21-D Merc was shown. One dealer I deal with said he loves it when people come in to his shop carrying a RedBook or Coin Values. |
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Pillar of the Community
United States
613 Posts |
I went to a coin auction about 35 miles from my home. Lots and lots of people had their greysheets. Well, when I say something that I wanted for my collection, I ran the bid up and they weren't very happy. After 4 or 5 times I was getting some very nasty stairs. Oh well, I got what I wanted.
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Pillar of the Community
United States
2757 Posts |
I just got my first packed of Greysheets and have one question. I know it's probably somewhere, but I searched long enough to give up.
In the Grey Sheet, does 'AU' refer to AU50, AU55, or AU58? It shouldn't matter, but I'm primarily interested with regards to Indian/Lincoln cents.
thanks in advance
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Bedrock of the Community
United States
19949 Posts |
AU is AU-50 on the Greysheets. You have to estimate the in between values. Also, the MS prices are for full red coins, so you have to estimate for brown and red-brown coins.
Lincoln Cent Lover!VERDI-CARE™ INVENTOR https://verdi.care/
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Replies: 14 / Views: 4,410 |
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Posted 03/12/2010 7:16 pm
