Greysheet question....Again
Coin Finder
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If you look at the new greysheet under Modern American Silver Eagles it has 3 color columns one is the "bid" for greysheet or raw coins the other two are bluesheet bids one for ngc and one for pcgs in ms 69 and ms 70...
If you look at the greysheet colum the prices in "MS70" are 5 figures for some dates. These are raw coins
How can this be? Who would buy a raw American Silver Eagle in "MS70" for those prices?
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Comments
Not Me
Steve
If you find this individual, I have some for sale.
???
In general, greysheet bid is simply sight seen coin deals. Bluesheet is sight unseen. That is why Greysheet bid is usually higher than bluesheet because it means the buyer has seen it and concurs with the grade.
It is not raw vs. slabbed as they are "sight seen" versus "sight unseen". See page 3 of Greysheet.
Where do the MS70s prices come from?
From MS70 coin sales. AGain, these are NOT raw coins, they are sight-seen coins.
Thanks I understand that, who paid almost 20 K figures for a MS70 1990 ASE?
Heritage sold one this year for 13,200. Maybe the buyer of that one is now asking 20.
No one ever said the greysheet was 100% right. That's especially true of scarcer coins.
The Grey Sheet prices can also be for raw coins that are properly graded but they are definitely for sight seen coins.
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
Yes, of course.