Coin World CoinValues vs. Greysheet

airplanenut

Howdy! I'm curious if anyone with both has ever compared the two to see how similar/different they are. What are your findings?

Jeremy

GOLDSAINT

GREAT QUESTION !!

theboz11

Doesn't make any difference, use the higher one when selling and the lower one when buying

Catch22

I haven't in ages. However, way back when, Trends would be about 50% higher on average over greysheet bid for common date, easy to locate, generic coins.

Cameonut

Good question Jeremy! I had been wondering the same thing.

I have only one experience so far as I am not a subscriber to the grey sheet. This past weekend, I sold about 20 proof sets, various dates, from 1959 to 1971. Turns out the bid price from the grey sheet was about 35% lower than the bid price from CoinValues.

I realize this is only one data point - I am interested in what others have experienced.

Cameonut

tmot99

Yes there is a difference between the two. In general, the Coin World Trends runs approximately 20% above ask on the greysheet. However, there are some that are much different than that. I bought an 1840 Small Letters half MS62. The greysheet is MS60 ($320) and MS63 ($765) so figure a MS62 to be maybe $600-$650. The Coin World Trends Value for MS62 is $1000. Adding 20% to the greysheet is $720-780. A large gap in the pricing.

It leaves a lot of question as to what pricing to follow. I happened to have a Coin World Trends with me when I was quoted a price. I jumped on it. Later, when I had time to refer to my sheets, I didn't get as good of a deal as I had thought. I still made out ok and I love the coin.

Tom

DaveG

Jeremy,

I presume you're looking beyond the obvious difference - the Grey Sheet is (supposed to be) wholesale and Coin Value (Trends to us old guys) is (supposed to be) retail. Whenever I've sold a "regular" coin to a dealer, he's used the Grey Sheet to determine his offer price and I've found Trends to be a good guide to what a "retail" dealer will charge. (I've also found that the "wholesale" dealers will use the Grey Sheet to determine their asking price.)

I've noticed one or two cases where the Grey Sheet Bid price is higher than Trends and I've known a few specialist dealers and collectors who will get into arguments about whether the Grey Sheet or Trends is farther behind the market for their particular specialty.

MacCoin

for me the big differance is you can get Coin World CoinValues on the news stand

GOLDSAINT

Over the last several weeks there has been several posts concerning the profit spreads that most dealers here are currently making. In addition there has been several long threads about ending auctions early due to lack of bid money to pay any profit what so ever. This begs the question then, if these two price sheets are so far apart, are dealers buying at GS bid? Also I seem to remember several complaints of late about collector/sellers not being able to get GS bid when they went to sell. In my conversation, and offers, to most dealers they tell me that they are making 10% to 15% on most all sales. A few weeks ago I made offer to a dealer for a few coins, and again he said his margins were 10%. He refused to take a credit card purchase unless I paid the 2% credit charge, which I did. It seems that there is some confusing information here that could use some additional light.

TDN posted today that the PCGS price guides are being revised in many areas, how do their price guides compare to the GS's

RYK

I think that any comparison between the two would be a gross generalization which is of little utility for valuing an individual coin, further complicated because Greysheet is incomplete in pricing for various grades (especially circulated grades) and Trends is also incomplete, especially in the proof grades. While most of the coins that I look at have Greysheet prices in the range of 50-75% Trends/Coin Values, I have seen enough examples outside the range including more than a few in which Trends was less than Greysheet. Bottom line: it is very difficult to make a simple comparison between the two.

P.S. Why did they go and change "Trends" to "Coin Values?" Even though the new title is more accurate, EVERYONE knows what Trends is, and it is easier to say.