A Well Known Dealer Told Me This......
dragon
Posts: 4,548 ✭✭
A well known national dealer I was talking to the other day who primarily deals in very high quality pieces and beautifully toned material told me this:
"Those individuals who are in the market right now seeking high end and/or high grade, low pop. material and who are looking at the greysheet prices are AT LEAST 8-12 months behind the REAL market. Dealers are having a very hard time right now finding choice material and often times are paying absurd prices to obtain these choice pieces at auction for their clients."
Do you agree??
Dragon
"Those individuals who are in the market right now seeking high end and/or high grade, low pop. material and who are looking at the greysheet prices are AT LEAST 8-12 months behind the REAL market. Dealers are having a very hard time right now finding choice material and often times are paying absurd prices to obtain these choice pieces at auction for their clients."
Do you agree??
Dragon
0
Comments
For the type of material I like to collect and handle (high grade toned Morgans - which by definition are low pop), I'd say that's an accurate statement. I believe the prices realized at the upcoming Goldberg sale will bear that out. Most dealers and collectors will shake their heads.
GSAGUY
Actually, after doing the math, it was half again as much.
We'll use our hands and hearts and if we must we'll use our heads.
My Barbers
My 1866 Philly Mint Set
TRUTH O' MATIC
Good post!
Rusty.
I guess this vindicates the long-term collectors who've always insisted on quality.
PS: Buy while you still can!
"Ask, and it shall be given you; seek, and ye shall find; knock, and it shall be opened unto you." -Luke 11:9
"Hear, O Israel: The LORD our God is one LORD: And thou shalt love the LORD thy God with all thine heart, and with all thy soul, and with all thy might." -Deut. 6:4-5
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In honor of the memory of Cpl. Michael E. Thompson
Regards,
Daryl
Ever since giving it up I sleep much better at nights.
Sometimes too much information will kill you.
Graysheet isn't telling me anything I really need to know.
peacockcoins
Is this just in reference to the super high end stuff, for example MS67 Barber, Seated type, pop 1-5 type coins or are you guys saying whats highend for a grade IE: MS64/65 PQ stuff???
With all the info I've heard about the booming market I've seen very little movement in the greysheet in the last 6 months. Are then far behind the times or is it that this reflects the lowest quality for the given grade and is still stuck at the old value
The greysheet is for pricing 1881-S Morgans in MS65 and BU penny rolls and generic gold. When you're talking about DCAM Trade Dollars, beautifully toned material, eye appealing rare date coins, or high end ANYTHING, you can stick the greysheet on the bottom of a birdcage where it belongs.
Dragon
in 35 years i have NEVER seen the greysheet buy a coin or sell a coin! also i have never seen the greysheet make an offer on a coin!!
sincerely michael
Never letting you take a peek at it. So I like to refer to it as a starting point.
stman
I know, I know, so lets try to educate the folks who are misusing the publication, and stop blaming it on the publication.
A side note: is it at all possible that some people's willingness to pay exorbitant prices merely perpetuate a market of unreasonable price merchandise. The coin market has its ups and downs just like every other non-essential market, and while its good its good, but somewhere along the line the bubble is going to burst. That is just the collector in me a little frustrated with the business of coins, and desirious of hearing about the enjoyment of coin collecting.
roadrunner