Is the spread between Bluesheet & Greysheet prices getting wider?
greghansen
Posts: 4,301 ✭✭✭
I was just looking down the MS65 grades for Morgan & Peace Dollars, and was suprised by the amount of spread between the Bluesheet and Greysheet prices on many dates. Some are within 10-20%, but many other dates have Greysheet prices at or more than 100% of Bluesheet.
The 1923-S Peace Dollar bids for $4,500 in Greysheet, but is listed at $2,185 in the Bluesheet.
A popular date like the '85-CC Morgan is in the Greysheet at $1,350 but the same grade lists in Bluesheet at $785.
Another popular Morgan the 1879-S (Rev. '78) is bid at $6,100 in Greysheet but only $3,565 in Bluesheet.
In general it seems that not only does the ABSOLUTE range between pricing sheets increase as the coins value goes up...the RELATIVE range goes up as well....i.e. there seems to be a higher profit margin on higher end coins which seems counterintuitive to me.
On the other end of the spectrum, coins like the 1934-D Peace Dollar is Greysheet $1,360 and Bluesheet $1,275 a difference of under 10%. Does this make it a 'safer' coin to buy, in terms of likely preservation of value?
An example of a 'tight range' coin in the Morgan series is the 1921-S at $900 Greysheet and $850 Bluesheet or the 1878 8TF at $965 Greysheet and $900 Bluesheet.
I didn't look at the spreads on other grades other than MS65...I just found this absence of a 'normal' range interesting and wondered if anyone had any thoughts/speculation as to what it all means....if anything.
The 1923-S Peace Dollar bids for $4,500 in Greysheet, but is listed at $2,185 in the Bluesheet.
A popular date like the '85-CC Morgan is in the Greysheet at $1,350 but the same grade lists in Bluesheet at $785.
Another popular Morgan the 1879-S (Rev. '78) is bid at $6,100 in Greysheet but only $3,565 in Bluesheet.
In general it seems that not only does the ABSOLUTE range between pricing sheets increase as the coins value goes up...the RELATIVE range goes up as well....i.e. there seems to be a higher profit margin on higher end coins which seems counterintuitive to me.
On the other end of the spectrum, coins like the 1934-D Peace Dollar is Greysheet $1,360 and Bluesheet $1,275 a difference of under 10%. Does this make it a 'safer' coin to buy, in terms of likely preservation of value?
An example of a 'tight range' coin in the Morgan series is the 1921-S at $900 Greysheet and $850 Bluesheet or the 1878 8TF at $965 Greysheet and $900 Bluesheet.
I didn't look at the spreads on other grades other than MS65...I just found this absence of a 'normal' range interesting and wondered if anyone had any thoughts/speculation as to what it all means....if anything.
Greg Hansen, Melbourne, FL Click here for any current EBAY auctions Multiple "Circle of Trust" transactions over 14 years on forum
0
Comments
Generally the rarer the coin, the more conservative the slab grade. For REALLY common coins, the grading services seem to turn into "slab mills" that are more interested in getting the coins into slabs that getting the grades exactly right. Therefore for items like common date Walkers, you will find MS-64 and even MS-63 coins that are better than some MS-65 graded coins. When you get to better dates when just a one point grading difference on the MS scale will result in huge prices increases on the Gray Sheet, you will see some very conservative grading standards applied.
Since the Blue Sheet is supposed to be "sight unseen" bids, you will see wide price ranges between the Gray and Blue Sheets where the grading is viewed as sloppy. I will also add the Gray Sheet bids often include the standards for slab grading since many prices are now sight seen slab transactions. Gray Sheet prices are really more for sight seen PCGS and NGC slabbed coin purchases than raw coin purchases, although the certification companies would deny that.
"Seu cabra da peste,
"Sou Mangueira......."