Dealers: How do you feel when a customer visits your store/table with a greysheet in hand?

Gator5220

And compares your prices against it?

ebaytrader

OK by me.

ScarsdaleCoin

That is fine, everyone needs a starting point, then I explain the differences...

chabot510

it all depends. the sheet is simply a guide. i think that some collectors use the sheet as the standard price that a coin should be, without considering eye appeal, strike, luster, true rarity, etc.

i have no problem with the customer bringing a sheet, it just irks me when they ask me why my better date gold and bust halfs aren't at sheet or better.

poorguy

There are alot of coins that greysheet simply doesn't accurately reflect the levels they are trading at. I don't mind it one bit if someone comes by with a greysheet in-hand. However, it takes alot more than pulling some magic number from the greysheet to put a value on a coin. It is the guy who will not pay a dime over greysheet and only wants exceptional coins and gets upset when he hears the price. I sometimes get the "but but but greysheet says". Go find me some early gold at greysheet levels, I guarantee it won't be anything you'd want in your collection and certainly not anything we would want to carry in our inventory. Same goes with most other series.

rhedden

Dealers ought not to get upset when a customer wants to buy 1881-S Morgans off the sheet. They are common 1881-s Morgans, so sell them at Ask or lower. If the person is trying to buy a PCGS graded Chain Cent or a nice, original XF 1815/2 half dollar for Bid, then just politely tell them that you are asking more for it, and resist the temptation to get irked or angry. They will never find those coins for Bid, and chances are they're just looking for something to throw up on ebay, anyway.

UncleJoe

Now, how do you feel when I show up at your table with a copy of Trends to compare your prices against it?

Joe.

JadeRareCoin

I am not bothered at all by collectors bringing greysheets or any price guides for that matter. They are just guides and I use the various price guides as well. However, the bottom line is that our prices are driven more by our cost than anything else and sometimes the guides are waaaay off. Some early coins are more works of art than coins and the values are assigned on a piece by piece basis.

Gator5220

I know the greysheet is not the "end all, be all" for pricing. I was just curious if it was bad etiquette to openly use it in front of a dealer to get a refresher on a starting point for prices.

CaptHenway

I have no problem with it. Shows the person is thinking.
.
This morning we had a person come into the coin shop and ask if we had the Nebraska quarters in yet. We said no, but that we expected them in in about a week or two.
The person thought about that, and then asked: "Do you have the ones after the Nebraska in yet?"
TD

Frankcoins

We will sell generic stuff at sheet to true wholesale buyers. But the customer who comes in with a
greysheet and wants ONE coin, then wants us to explain what a VAM is and argue about the grades
(That there 1881-S MS63 Morgan is a lot prettier than this here MS64 1921-S...look at the wear on the breast....)

well...that's the buyers the Red Book is for...

topstuf

It always reduced me to a quivering mass of compliance. I knew right off that I couldn't pull a "fast one" and jack the prices to double redbook so I always just handed the guy with the grey sheet a couple thousand to just move along.

TheRaven

I am lazy for my list of coins I need for my Barber Quarter & Half sets all I do is make a copy of my list out of the back of coins magazine and scratch off the coins I have and then I carry it with me at shows..... Never had any complaints about doing that.....

My feeling is that if the dealer is afraid of an educated customer, and if you are an educated customer do you want to be doing alot of buisness with that dealer?

TomB

It has never bothered me. The only time I have said anything negative to a person about using a Greysheet was to a guy who wanted a superb coin at Greysheet and I suggested he call the Greysheet and order the coin through them.

CalGold

Why would anyone care?

CG

DeputyPud

I've got no problem with it at all. Most of us use the sheet as a guide. Many prices are discounted below bid levels when those levels aren't representing the market, just as many are elevated above bid (or even ask) for choice pieces or series that are trading at higher levels.
I like to use major auction prices realized for nice material, and often pay more than ask for choice material. Most folks that use the sheet know all of that already, and I seldom have anyone attempt to give me grief over my prices.

CaptHenway

<< <i>It has never bothered me. The only time I have said anything negative to a person about using a Greysheet was to a guy who wanted a superb coin at Greysheet and I suggested he call the Greysheet and order the coin through them. >>



Or the guy who quoted a Greysheet price to me, and I looked over and saw that the date on the Greysheet was about 18 months earlier......
;-)
TD

rkfish

It's welcome.......the more information the collector arms himself with the better imo.....sheet, pops, auction archives, trends, etc.....

topstuf

If the customer lacks a grey sheet, what can you laugh at and say, "You expect to buy anything nice at THOSE prices?"

JadeRareCoin

<< <i>It has never bothered me. The only time I have said anything negative to a person about using a Greysheet was to a guy who wanted a superb coin at Greysheet and I suggested he call the Greysheet and order the coin through them. >>





Now that is funny!

RBinTex

Since I usually sell my coins on eBay for less than the grey sheet, I'm THRILLED

But seriuosly, only those that want to take advantage of others would have a problem with it.