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What is graysheet price?

coinandcurrency242coinandcurrency242 Posts: 1,967 ✭✭✭✭
in U.S. Coin Forum
I feel so stupid for asking this but I don't know what graysheet price means? I hear people say I'll sell this item for graysheet price. I am totally lost with that!

-Brent

Positive BST as a seller: Namvet69, Lordmarcovan, Bigjpst, Soldi, mustanggt, CoinHoader, moursund, SufinxHi, al410, JWP

Comments

  • MrXingMrXing Posts: 81
    You need bid or ask?
  • MrXingMrXing Posts: 81
    What coin you need?
  • coinandcurrency242coinandcurrency242 Posts: 1,967 ✭✭✭✭
    I was looking at bust halves and someone told me they would sell it to me for graysheet price?

    Positive BST as a seller: Namvet69, Lordmarcovan, Bigjpst, Soldi, mustanggt, CoinHoader, moursund, SufinxHi, al410, JWP

  • longtimecollectorlongtimecollector Posts: 2,368 ✭
    image

    Greysheet = CDN
    Cam-Slam 2-6-04
    3 "DAMMIT BOYS"
    4 "YOU SUCKS"
    Numerous POTD (But NONE officially recognized)
    Seated Halves are my specialty !
    Seated Half set by date/mm COMPLETE !
    Seated Half set by WB# - 289 down / 31 to go !!!!!
    (1) "Smoebody smack him" from CornCobWipe !
    IN MEMORY OF THE CUOF image
  • MrXingMrXing Posts: 81
    $110
  • DaveGDaveG Posts: 3,535 ✭
    The Grey Sheet (or Coin Dealer Newsletter) is the leading sight-seen wholesale price guide. It has three parts - weekly, monthly and quarterly. It prices many coins in Bid/Ask and a lot of coins in Bid.

    It's one of a family of newsletters - Blue Sheet (sight unseen slabbed coins) and Green Sheet (currency).

    Check out the Southern Gold Society

  • majorbigtimemajorbigtime Posts: 2,937 ✭
    What is graysheet price?

    It's the price on the graysheet.
  • LeianaLeiana Posts: 4,349 ✭


    << <i>What is graysheet price?

    It's the price on the graysheet. >>



    Fascinating insight. Truly.

    -Amanda
    image

    I'm a YN working on a type set!

    My Buffalo Nickel Website Home of the Quirky Buffaloes Collection!

    Proud member of the CUFYNA
  • ziggy29ziggy29 Posts: 18,668 ✭✭✭


    << <i>It's the price on the graysheet. >>

    What's the "price on the graysheet" for a piece of currency that is obviously circulated and has a pinhole in it? image
  • xphobexphobe Posts: 605


    << <i>I was looking at bust halves and someone told me they would sell it to me for graysheet price? >>


    raw or slabbed? Assuming it's a no-problem coin, and both of you agree it is graded properly, getting it for greysheet Bid price is good. It's like buying at wholesale.

    "Bid is the amount that one dealer is willing to pay another dealer to purchase a needed coin; Ask is the price a selling dealer is asking for his coins." Be aware, as DaveG points out, that some categories show only Bid, others show Bid/Ask (and the difference between the two is called the "spread").

    When individuals walk in off the street to sell, dealers typically pay 10-20% less than Bid (or "back of bid"). So even if the dealer sells to you at Bid he's still making a little money.

  • lkeneficlkenefic Posts: 8,314 ✭✭✭✭✭


    << <i>

    << <i>What is graysheet price?

    It's the price on the graysheet. >>



    Fascinating insight. Truly.

    -Amanda >>



    image
    Collecting: Dansco 7070; Middle Date Large Cents (VF-AU); Box of 20;

    Successful BST transactions with: SilverEagles92; Ahrensdad; Smitty; GregHansen; Lablade; Mercury10c; copperflopper; whatsup; KISHU1; scrapman1077, crispy, canadanz, smallchange, robkool, Mission16, ranshdow, ibzman350, Fallguy, Collectorcoins, SurfinxHI, jwitten, Walkerguy21D, dsessom.
  • TarmacTarmac Posts: 394 ✭
    Depending on the coin Graysheet may not be accurate. I've seen price changes for coins on GS [like the PCGS price guide] where there could not have been more than 1-2 sales in the month. I've never understood how they can figure out the pricing for such illiquid coins.
  • majorbigtimemajorbigtime Posts: 2,937 ✭


    << <i>

    << <i>

    << <i>What is graysheet price?

    It's the price on the graysheet. >>



    Fascinating insight. Truly.

    -Amanda >>



    image >>





    It's nice to be recognized for superior insight when confronted with a "duh" question!
  • michaelmichael Posts: 9,524 ✭✭✭
    www.greysheet.com
  • xphobexphobe Posts: 605
    I didn't think it was "duh" at all. The OP apologized up front for asking, and obviously wanted a sincere answer. We're supposed to be helping new collectors here.
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,470 ✭✭✭✭✭
    You just tell him that grey sheet is so obsolete that you'll give him ten percent under bid.

    He might get mad at you, but he will realize if he wants to sell you a coin, he can throw his stupid paper out. It amounts to a "GUIDE" that may or may not be a good determining factor in the value of the coin. It is primarily used by DEALERS in transactions with people who are fairly educated in the market. They can trade back and forth without a lot of bickering with such a guide. If a dealer offers you greysheet and you are a novice..... take a loupe and check the coin out with an EAGLE EYE.
    If the coin is graded by PCGS , one can usually trust that the grey sheet will be a fair price.
    If the coin is graded by NGC, one can expect that the grey sheet will tip in the dealer's favor.
    If the coin is raw, you are subject to whatever lies a dealer will tell you so he can dump a less than desireable coin.

    None of what I said is fact.... most of it is endless in it's possibilities.

    Basically, the greysheet is closer to what the market bears. Of course, better coins are almost NEVER traded using grey sheet pricing. They tend to stand on their own merit.

    If I'm wrong, you can bet, I'll be corrected image
  • BlindedByEgoBlindedByEgo Posts: 10,754 ✭✭✭✭✭


    << <i>..... take a loupe and check the coin out with an EAGLE EYE.
    >>



    How are you going to get Rick out to look at a bustie?

    Check out my current listings: https://ebay.com/sch/khunt/m.html?_ipg=200&_sop=12&_rdc=1

  • JimDepotJimDepot Posts: 958 ✭✭


    << <i>I didn't think it was "duh" at all. The OP apologized up front for asking, and obviously wanted a sincere answer. We're supposed to be helping new collectors here. >>



    Thank you, this message board is one of the reasons I started getting interested in coins.

    That and the Gold Indianhead $50 piece, (note: not the modern crap Gold Buffalo image).

    image

  • AU58WALKERSAU58WALKERS Posts: 3,562 ✭


    << <i>

    << <i>I didn't think it was "duh" at all. The OP apologized up front for asking, and obviously wanted a sincere answer. We're supposed to be helping new collectors here. >>



    Thank you, this message board is one of the reasons I started getting interested in coins.

    That and the Gold Indianhead $50 piece, (note: not the modern crap Gold Buffalo image). >>



    OH NOOO! He said "MODERN CRAP".
    "Everyday above ground is a good day"

  • LanLordLanLord Posts: 11,722 ✭✭✭✭✭


    << <i>

    << <i>What is graysheet price? It's the price on the graysheet. >>

    Fascinating insight. Truly. -Amanda >>

    Majorbigtime got ripped by a YN image

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