Have auction results become the new greysheet?

TheLiberator

It seems every time I see a coin priced well over sheet, I check auction prices and they match the "high" price I saw earlier. Are auctions a main reason for the current state of the market? Are they pushing up prices faster than greysheet can keep up? OR, is the greysheet really just another guide the never accurately describes prices anyway?

Inquiring minds want to know!

michael

it depends

but on scarce pre 1917 coins with great eye appeal and extra special qualities auction prices realized are a great "new greysheet"

for example on coins like pre 1829 capped bust dimes in choice to gem with great eye appeal and original colored surfaces the auctions would be a better indicator

same for greatly colored A colored common date morgans ir is a good help as the greysheet tells you nothing

same for proof gold and gem red matte proof lincolns

i guess the list can go on and on.....................................................

greghansen

They're both 'tools' for helping to determine value. They are not the only tools. Neither is the 'silver bullet' for determining value. There is no 'silver bullet' for determining value. Just tools to be used in conjunction with the collectors experience and knowlege. If I read your question as asking which of those 2 are the most important tool at the present time, I'd say in general recent auctions results may carry more weight...especially if the results are significantly out of whack with what the Greysheet is showing.

fivecents

<< <i>Have auction results become the new greysheet? >>


I hope not.
Prices can go way over market value in the bidding frenzy that occurs in the auction room.

Steve27

" It seems every time I see a coin priced well over sheet, I check auction prices and they match the "high" price I saw earlier."

It should work the opposite direction as well.

KurtHorn

I think auction prices are the new retail "trends" prices. Frequently if someone really wants the coin they'll throw out the greysheet and be willing to pay what the market has been bringing. Rather overly optomistic IMO. But with 66, 67, and 68's how else are you going to figure the value of say a 1949 MS 66 Washington Quarter?