How Close Are The Grey Sheets For Inexpensive Coins? - Page 2

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Author	Replies: 19 / Views: 3,923	Page: of 2

just carl Bedrock of the Community United States 20753 Posts	Posted 08/18/2010 08:43 am Quote: It's a markey economy. Make an offer and see what the market will bear. If you don't like what you hear, walk away. There will always be more dealers or club members to whom to make an offer. So true, so true. Quote: Speaking as a dealer on this subject I can say with absolute certainty that grey sheet is like any other price guide. IT IS ONLY A GUIDE! And again so true, so true. People should realize there is no manufacturers list price on a coin as with a toaster, microwave oven, car, boat, lawn mower, etc. A coin is basically worth what it says on the coin. A Nickel is worth a $0.05 cents but anyone can sell it for a Dime or a million dollars. Just what you are willing to pay or sell it for. Report this Post to the Staff
drain New Member United States 20 Posts	Posted 08/18/2010 1:54 pm I found this in CCF: Summary of Coin Pricing References The post mentions: Greysheet "bid" is the amount that dealers are typically willing to pay other dealers for a coin. Greysheet "ask" is the price dealers typically ask other dealers for a coin, which is higher. For collectors, one rule of thumb is to add 25 to 75 percent to Greysheet bid when you're buying and to subtract 10 to 40 percent from bid when selling. That seems logical/reasonable to me. Other opinions please! Edited by drain 08/18/2010 1:56 pm Report this Post to the Staff
afclassic87 Pillar of the Community United States 564 Posts	Posted 08/18/2010 3:17 pm If you want current market price for a coin look on ebay. It shows exactly what the current market is. The grey sheet is nice to see the low end. I buy bulk all the time... Like coins I don't see until after I buy them and buy them 20% under grey sheet good price. It's a gamble but I like the excitement of not knowing what you are getting. Report this Post to the Staff
coinshopworker Valued Member United States 61 Posts	Posted 08/18/2010 4:11 pm Drain, with respect to grey sheet this is pretty close in our area (Michigan). I will say (as others have) once you build a relationship with a dealer you can expect to get closer to grey sheet ask. It of course depends on how the dealer obtained the coins; if they paid ask to get it for a customer, they can't charge it! Report this Post to the Staff
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