Why Won't the Grey Sheet list the WI Extra Leaf Quarters?

EagleEye

I will be sending around a petition at Long Beach:

Grey Sheet petition

Please either sign it when we come by, or stop by my table #640 at Long Beach.

Get PDF reader here, in case you can't read it.

If you won't be there, You can e-mail me your support and I'll attatch it to the petition.

My E-Mail

cmerlo1

Email sent...good luck with this- I think it's a good thing.

--Christian

ScarsdaleCoin

because there is not enough 2 way market for them.....



If you dont believe me try taking a extra leaf around to dealers at Long Beach and see if they would buy it?

that will probably answer why it is not listed...

EagleEye

It's more of a chicken and egg thing. If there is no price no one knows what to pay.


Two years ago, I wouldn't have a clue where to go with those silly trimes. Now I do, thanks to you Jon!

STONE

The statement Rick just said was what I was just thinking.

There can't be a market for something if a price/ value is not associated to it.

ccex

<< <i>The statement Rick just said was what I was just thinking.

There can't be a market for something if a price/ value is not associated to it. >>



I think there is a market for the WI extra leaf quarters, with at least a few collectors and dealers tracking prices realized on eBay or elsewhere. There is a market for 1964 Accented Hair Proof Kennedy halves, without prices listed in the Gray Sheet.

Interestingly enough, the online PCGS price guide lists AH Kennedys and both WI extra leaf varieities, but the latter sells for about half of the listed values. Are we to imply that a coin has no price/value associated with it unless it's listed in the Gray Sheet? (The RedBook mentions the varieties but lists no prices.)

My one data point is an NGC-65 low leaf variety I purchased in July for exactly half of the PCGS price guide value. In August, I took it to the ANA show and had one dealer offer me 90% of what I paid for it. Most would not offer a buy price. Mr. Snow urged me to hang on to it (which was my intention anyway), offering to buy it at 80% of my cost if I had to sell it then. Seven weeks later the PCGS price guide for this variety is unchanged but I see the same variety in the same grade from the same service selling for less than Mr. Snow's offer to me at ANA.

What does it take to drive up demand for the WI extra leaf quarters? Dansco or Whitman albums with holes for one or both varieties? Cable TV promotions? Gray Sheet bid and ask prices would be a reasonable place to start. I think we'll albums, cable TV promotions, and Gray Sheet listings sooner or later, but right now it looks like later to me.

Bochiman

I have an high, and low, set. PCGS MS64.
I don't care if they get rockin' in the values, or not, for many years. I like them, I like that they weren't meant to be, and I will give them to my son on down the road.

So, I am in the camp of those that like them but don't care that much about prices on them yet (though, if they tank, I will pick up a few more....just like I would pick up a few edge blank Washington Dollars and doubled letter edge Adams Dollars...if the prices came down quite a bit more (~1/2 of what they are).
I guess that's because I believe, and trying to teach my son, in collecting what one likes/wants and not worry about what others think.

TwoSides2aCoin

I sold the last of mine to a gentleman in Texas. He was cornering the market on them. I was trying to do that with the 2005 D Bison nickels, but my floor caved in .
All due respect, Rick... and a boost for the discussion.

Joe

keets

there are dealers and collectors who can quote a realistic price on many, many coins which aren't in the GreySheet, why should this as not yet certain error be different than any of those?? some of us have strong opinions on certain items, this appears to be yours, Rick. just deal with it and feel comfortable knowing that you're aware of what the "Market Value" is for the coins you buy and sell. do you really need a sheet to do that for you??

CaptHenway

Let's have them list every variety!
We can call it the "Cherry-Picker's Guide, Part Deux!"

Longacre

<< <i>there are dealers and collectors who can quote a realistic price on many, many coins which aren't in the GreySheet, why should this as not yet certain error be different than any of those?? some of us have strong opinions on certain items, this appears to be yours, Rick. just deal with it and feel comfortable knowing that you're aware of what the "Market Value" is for the coins you buy and sell. do you really need a sheet to do that for you?? >>




I am with Keets on this one. Everything does not need to be listed in the sheets.

IGWT

What would be the reason to list the Extra Leaf Quarters, but not other well known and perhaps more significant varieties?

ScarsdaleCoin

I think the little guys are nice, but there really is no solid base of dealers actively supporting them.... it needs to be 2 way street..... a market maker who is always willing to buy plus other dealers buying as well....again if you think I am off base go to a major show with a few pcgs slabbed sets and try getting offers....dealers are not interested in buying them ...

Eagle Eye... rather than a petition, just inform Grey Sheet what you will be willing to buy them for.... they will list it...but be prepared to start buying em.....

EagleEye

To be honest Keith is a very good friend. We go to dinner from time to time. I mention the WI Quarters now and then, but try not to do it too often. He says it's Shane Downey's call. I sent Shane a copy of my petition and will talk to him here at Long Beach. I got CCE to list them and have bids there, so there is information out there. This is a process. The variety is an infant in the world of major die varieties. The 3-leg Buffalo and 1955 DDO were infants once and with both of them the mainsteam collectors initially scoffed at them. It took promotion by certian dealers to bring these varieties into the mainstream. Dave Bowers was instrumental at popularizing the 1955 DDO at a time when no one cared. He actually bought too many at 25 cents each and stopped buying them.

I think if a solid buy/ask market were made it would be much better for owners of these. I am not a big holder of these, and I have not bought many in the last year. I even don't care to be the market maker in them if they do list them. I feel these deserve to be listed. I feel more like a father to these varieties getting them prepared for a life in numismatics.

Anyway, It is time for the Grey Sheet, the sole hold out, to list these. The Red book is next.

cladking

<< <i>To be honest Keith is a very good friend. We go to dinner from time to time. I mention the WI Quarters now and then, but try not to do it too often. He says it's Shane Downey's call. I sent Shane a copy of my petition and will talk to him here at Long Beach. I got CCE to list them and have bids there, so there is information out there. This is a process. The variety is an infant in the world of major die varieties. The 3-leg Buffalo and 1955 DDO were infants once and with both of them the mainsteam collectors initially scoffed at them. It took promotion by certian dealers to bring these varieties into the mainstream. Dave Bowers was instrumental at popularizing the 1955 DDO at a time when no one cared. He actually bought too many at 25 cents each and stopped buying them.

I think if a solid buy/ask market were made it would be much better for owners of these. I am not a big holder of these, and I have not bought many in the last year. I even don't care to be the market maker in them if they do list them. I feel these deserve to be listed. I feel more like a father to these varieties getting them prepared for a life in numismatics.

Anyway, It is time for the Grey Sheet, the sole hold out, to list these. The Red book is next. >>





I think promotion is a good thing for these. It's good to have important coins like these
and the '55 DDO cents as something to desire than the many minor varieties which have
caught on in the past and made it into catalogs or the Greysheet.

But, I think that the fame of these is just going to keep growing whether they are promoted
or not. They are far too important to just fall out of favor.

I have no financial stake in these whatsoever but expect to own one of each in the future
for my collection. My intention is to buy them before a big run-up or trade for them after-
ward.

Connecticoin

Same reason they have no MS-62 category for Morgans!!