Rudimentary CDN (Greysheet) Question

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Author	Replies: 8 / Views: 1,243
amida17 Pillar of the Community United States 4897 Posts	Posted 06/28/2011 6:54 pm Can somenone explain the Bid vs. Ask. To me? A little embarrased to ask.... Report this Post to the Staff

amida17 Pillar of the Community United States 4897 Posts	Posted 06/28/2011 7:38 pm Wow! Shocked! I thought this was an easy one...guess I'm not alone in being confounded. LOL. Where the dealers at? Report this Post to the Staff
amida17 Pillar of the Community United States 4897 Posts	Posted 06/28/2011 7:47 pm Wow! Shocked! I thought this was an easy one...guess I'm not alone in being confounded. LOL. Where the dealers at? Report this Post to the Staff
AlmostCollectible Valued Member United States 384 Posts	Posted 06/28/2011 7:47 pm Quote: Bid is the amount that one dealer is willing to pay another dealer to purchase a needed coin; Ask is the price a selling dealer is asking for his coins. Report this Post to the Staff
amida17 Pillar of the Community United States 4897 Posts	Posted 06/28/2011 7:53 pm Ok... That's what I figured. - only asked because I have the chance to buy some stuff from a dealer...and he said just pay me greysheet...and I didn't want to look like a doof and say "OK. So what does that mean". Report this Post to the Staff
texasmick Pillar of the Community United States 751 Posts	Posted 06/28/2011 8:45 pm That probably means you'll pay "ask" Report this Post to the Staff
amida17 Pillar of the Community United States 4897 Posts	Posted 06/28/2011 9:10 pm I don't think so. I've dealt with him for a while. He told me "bid" on the common stuff...think he just wants to move some inventory. He also said he would do it for stuff I collect not stuff I'm looking to "move"... Report this Post to the Staff
just carl Bedrock of the Community United States 20753 Posts	Posted 06/28/2011 10:03 pm Regardless, always remember that Grey Sheet, PCGS price list, Numismedia price list, Red Book, etc are all just GUIDES. There is no manufacturer's list price on coins. In reality though there is sort of one. If you look at any coin it should have something on it like Dime, Quarter, etc. So I guess that is a manufactuer's list price. Report this Post to the Staff
amida17 Pillar of the Community United States 4897 Posts	Posted 06/28/2011 10:27 pm LOL Carl! But by that logic there would be no market for coins and therefore no hobby. How boring that would be we would all just be able to get whatever coin we wanted for face? Obviously it is just a guide but the CDN is probably the best indicator of current wholesale values. IMO Report this Post to the Staff
	Replies: 8 / Views: 1,243

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