Greysheet utility to dealers
Sonorandesertrat
Posts: 5,695 ✭✭✭✭✭
The CoinDealer Newsletter (aka Greysheet) has been a pricing tool for many years. I have heard some dealers tell me that they no longer feel it is of use to them, because they cannot buy properly graded classic coins at Greysheet levels. Do Forum members agree?
Member: EAC, NBS, C4, CWTS, ANA
RMR: 'Wer, wenn ich schriee, hörte mich denn aus der Engel Ordnungen?'
CJ: 'No one!' [Ain't no angels in the coin biz]
RMR: 'Wer, wenn ich schriee, hörte mich denn aus der Engel Ordnungen?'
CJ: 'No one!' [Ain't no angels in the coin biz]
1
Comments
Have not used a greysheet in a while as I could not sell my Morgan Dollars at GS bid.
Guess I should pick up a copy and see if they have tightened up the numbers.
still a staple at B&Ms,,,,, they use it to buy
I buy a ton of 1940s-1960s rolls, proof, and mint sets. I use greysheet dozens of times everyday when I'm buying.
As for classic coins I think sheet is obviously still relevant, even for premium coins it is still a very useful baseline.
I'm inclined to believe that for most common coins it's fairly accurate but there are some coins where it's off (high) by 50%. You gotta be careful.
I subscribed years ago when I was much more active in buying coins....I found it useful at shows. From what I have read of the improvements, if I were buying a lot of coins, I would certainly have it again. Cheers, RickO
Not to hijack, but are old greysheets of any use to anyone?
I'm about to recycle a bunch of 'em...
We politely hope you (and all other subscribers) will not give away copies of old CDN publication (Greysheets, Greensheets, etc). Doing so violates our user agreement, and while there's technically nothing we can do about it on an individual basis, by giving away past sheets you lower other people's incentive to subscribe and drive up the subscription price in the long run as we are forced to raise prices to cover reduced subscribers.
The good news is we've been adding to the rolls recently thanks to the new all-in-one magazine format but if folks want access to this wholesale data, they should subscribe and pay for it. Giving it away hurts everyone.
Thanks for listening...
Whitman Brands: President/CEO (www.greysheet.com; www.whitman.com)
PNG: Executive Director (www.pngdealers.org)
We definitely keep a sharp focus on Morgan dollars. Not everyone loves that we do this but we do. While there have been a lot of minuses in 2018, the September Greysheet will show a lot of plus signs in MS60-63 coins as demand is growing for these.
Whitman Brands: President/CEO (www.greysheet.com; www.whitman.com)
PNG: Executive Director (www.pngdealers.org)
I was right with you up until the increase in demand for MS60-63 coins. Are you referring to Morgan dollars still? If so, unless someone is bulk buying for a promotion, I see almost no increased collector demand for any common date Morgans, especially given the small price jump from 63 to 64.
I didn't know that. As a matter of fact, I don't remember any user agreement at all.
The ones I have are like are probably close to 20 years old and are probably not of value other than for historical use, but I'll just dump 'em in the recycle bin...
Edit: All I do is ask a question, and it's worth a disagree? Sheesh.
Depends on the coin. It is, like all guides, a guide that relies on averages. An MS62 large cent with really nice eye appeal might well sell for more than an MS63 with horrible eye appeal. But that doesn't make the information there worthless.
As a general rule, people misunderstand statistics. For example, on average men are 4 inches taller than women. That does not mean that all men are 5 foot 8 and all women 5 foot 4. It also doesn't mean that any one woman is shorter than any one man.
Common dates haven't increased in 60-63, but slightly better dates have, like 1890-O, 91-O, etc. It's not a ton of strength, but still nice to see some positive movement.
Whitman Brands: President/CEO (www.greysheet.com; www.whitman.com)
PNG: Executive Director (www.pngdealers.org)
OK. That makes sense.
Love your publication. However, since I have your ear, one small critique: file size. The August issue is much bigger digitally than the July issue due, presumably, to more color and pictures. MUCH BIGGER. That really slows it down on my phone where I tend to access the greysheet. I'm still actually using the July issue just because it opens so much more quickly than the August issue.
We offer these past issues free on our web site via PDF. (link)
https://www.greysheet.com/Publications/Library
p.s. I removed the "disagree". I didn't realize it was appropriate to click the disagree button, when I actually disagreed.
If you offer publicly to give away our product, I have the right to disagree I thought.
Whitman Brands: President/CEO (www.greysheet.com; www.whitman.com)
PNG: Executive Director (www.pngdealers.org)
LOL. The disagree button is incredibly controversial. It seems like a harmless statement of disagreement, but it is often interpreted as a personal attack upon one's mother's reputation.
Apparently disagreeing with someone is as bad a giving someone a negative on eBay. I never took it personally when someone disagreed with me but apparently some here do take it personally.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
@JohnF you have the right to disagree. Some people on this board curate their alleged reputation more zealously than others and see it as a badge of shame.
Since he clarified it was old ones, it was nice of you to remove the disagree. If somebody offers to sell last months, leave it there...
FWIW, the ones he's offering are probably no longer covered by copyright... and 20 year old prices are useless anyway unless you just want to whine about it.
ANA 50 year/Life Member (now "Emeritus")
Several dealers that I know will sell the older issues for about a third or a half what it cost them. The people that buy them are small casual vest pocket dealers and collectors that will never subscribe because it's just too expensive for them. I don't know of any coin dealers that will throw out something that they can resell for a few dollars.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
@BackroadJunkie
@JohnF
I would pay for postage to have a old copy sent to me for my educational tool but ......
Not once in my life ... ever required within a law to keep any publication materials just because I signed up for a membership
How would you know if the old sheets had been use for a bonfire last night ?
Well, do note I didn't offer to give them away. I was asking if they had any value to anyone. A simple question.
Unless the prices listed a couple of decades ago are still valid, the ones I have (dated 2000, 2001) are just historical curiosities.
Yep, that's why I didn't resubscribe. It was pretty pricey and since I'm not (and never was) a dealer, I couldn't cost justify it.
Actually, if you look at my disagrees, some are for lessor offenses than just asking a question.
I got one disagree for stating daylight savings time should be eliminated...
Edit to add: I got two disagrees when I complained I didn't get a badge for 5 disagrees! I got a badge for 5 likes, 5 lol's and 5 agrees, and wanted my badge for 5 disagrees, and got two more...
Tearing "do not remove" labels off of pillows are the gateway.
We offer these past issues free on our web site via PDF. (link)
Wow what a wealth of information essentially given away for free. Saves the trouble of having all those 3 ring binders full of physical grey sheets too!
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
CDN (Grey Sheet) used to give out free samples at major coin shows. I guess they don't anymore under the new owner.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
"We definitely keep a sharp focus on Morgan dollars."
Now, if you can keep a "sharp focus" on the modern dollars you price... That would be wonderful too!
Wondercoin
There are certainly things going on here that are not being reported. The strength of these is much greater in all nice attractive grades than any of the guides are reporting.
I also get a kick out of the bids for most '65 to '98 clad rolls since advertising to pay bid will not get you coins. Rolls may trade cheap but if you want to buy you have to offer far more. Nobody will ship these coins for the listed prices.
Seems like not agreeing with someone (disagreeing) brings out the snowflake in us. If it causes so much pain, why don't they remove it? Then we can just disagree with our words.
Perfect. We introduced the CPG Coin & Currency Collectors Guide, for collectors like yourself. It's similar information to Greysheet, published on a quarterly basis, for $29.99 and given out free at many coins shows around the country.
Whitman Brands: President/CEO (www.greysheet.com; www.whitman.com)
PNG: Executive Director (www.pngdealers.org)
I very rarely agree or disagree with someone for this reason.
Unless you post whether you agree or not is off topic exactly as these two posts are.
We now give away the CPG Guide. Dealers and subscribers were not happy that we were giving out wholesale information. Also now that we publish everything in a single edition ("Monthly Greysheet") giving away of copy is not even close to a sample -- it's the whole magilla.
Now, with that said, we are so excited about our new Greysheet magazine format that debuted with the August issue, that are bringing a lot of extra copies to ANA to give to dealers and new subscribers. Stop by table 923 and say hello...
Whitman Brands: President/CEO (www.greysheet.com; www.whitman.com)
PNG: Executive Director (www.pngdealers.org)
I actually agree with your side of it. These items are only of historical value, since the pricing changed so dramatically with the new ownership. There is still a lot of information inside of them about particular series that would be useful to others. I hate to see that just end up in the shredder.
Concerning "disagreeing", I am not being negative about its use, just that if we don't have differences of opinions, then we all just become "Yes-men". Discussion involves give and take, and can only work when two sides of the same side of the coin is talked about. I feel people get too upset over it. I had someone flag me for abuse when he was selling coins in the discussion area of another board. All I said was that it should have been posted in the appropriate area. I guess I was hurting his business, so I was abusing him. Wow!
@JohnF Do you have a list availabe of the past Monthly Issues featured coin articles. Thanks for making them online.
just this month the GreySheet we received was in a slightly smaller format, a definite response by JF after the first few issues of the monthly all in one came out. I for one would say there have been more changes and more improvements made to the GreySheet in the past year than had been made in the previous 20. what was happening was simple --- more listings and ever shrinking print. that seems a thing of the past.
I was just telling my boss that after a few weeks of bitching because of the "change" I now just pick the thing up and go directly to what I'm looking for. it is actually more organized and accessible.
I like the new format, even more so now with the last issue, I use it all the time for shop business, along with ebay pricing and coin facts. We don't get the stuff in this area that requires auction record pricing that often. With that said, you still have to know they market in order to recognize stuff trading softer than cdn price or much better.
like the pcgs/ngc 63-64 morgans , they are soft. I use heritage buy sell spread to buy these and make about 2-3 bucks per coin and flip them to them (keeping a piece or two depending on quality for resale )
We do not, although this is a great idea. I will put it on a list of worthy projects. thanks!
Whitman Brands: President/CEO (www.greysheet.com; www.whitman.com)
PNG: Executive Director (www.pngdealers.org)