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Greysheet Prices are for Raw Coins...

OneCentOneCent Posts: 3,561 ✭
in U.S. Coin Forum
not slabbed, correct?

image
imageimage
Collector of Early 20th Century U.S. Coinage.
ANA Member R-3147111

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  • IRCWCoinsIRCWCoins Posts: 895 ✭✭
    The greysheet is for sight-seen coins whether slabbed or raw.
  • STONESTONE Posts: 15,275 ✭
    I'll second IRCW
  • OPAOPA Posts: 17,136 ✭✭✭✭✭
    Quote from CDN ( Greysheet ) " Sight - Seen wholesale prices for accurately graded U.S. Coins - Certified or Raw."
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • TomBTomB Posts: 21,983 ✭✭✭✭✭
    The Greysheet should be used for accurately graded coins, raw or slabbed.
    Thomas Bush Numismatics & Numismatic Photography

    In honor of the memory of Cpl. Michael E. Thompson

    image
  • SteveSteve Posts: 3,312 ✭✭✭
    Now here is the $10,000 question. Who determines if a given coin is accurately graded? If it is in a PCGS holder or an NGC holder I guess the general assumption is that the grade on the holder represents a fair grade because it was assigned by a major third party grading service. If the coin is RAW who determines if the coin is accurately graded? Why, the seller of course! But then the buyer doesn't have to agree and so IMHO the CDN sheet, as far as RAW coins are concerned, is just a GUIDE to value. Steveimage
    My True View Album

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  • mike92694mike92694 Posts: 1,068


    << <i>Now here is the $10,000 question. Who determines if a given coin is accurately graded? If it is in a PCGS holder or an NGC holder I guess the general assumption is that the grade on the holder represents a fair grade because it was assigned by a major third party grading service. If the coin is RAW who determines if the coin is accurately graded? Why, the seller of course! But then the buyer doesn't have to agree and so IMHO the CDN sheet, as far as RAW coins are concerned, is just a GUIDE to value. Steveimage >>



    The person (potentially) buying the coin determines it.
  • seateddimeseateddime Posts: 6,180 ✭✭✭


    << <i>I'll second IRCW >>

    image
    I seldom check PM's but do check emails often jason@seated.org

    Buying top quality Seated Dimes in Gem BU and Proof.

    Buying great coins - monster eye appeal only.
  • EagleEyeEagleEye Posts: 7,677 ✭✭✭✭✭
    I beg to differ with TomB. The grey sheet is for commercially graded coins, whether the grade is accurate, is in the judgment of the buyer.

    The grey sheet is the price of what trades commercially at a grade level. The minimum dealers and buyers accept. For instance, the new ANA grading guide has slipped the grades a few points so the stuff that now trades at grey sheet is a bit liberally graded than what traded a few years ago. What I mean is that the Grey Sheet prices do not apply to strictly graded coins, such as EAC graded copper, original Pre-1853 silver, dirty gold, original problem free Indian and Lincoln cents. None of this stuff trades at Grey sheet.
    Rick Snow, Eagle Eye Rare Coins, Inc.Check out my new web site:
  • OneCentOneCent Posts: 3,561 ✭


    << <i>I beg to differ with TomB. The grey sheet is for commercially graded coins, whether the grade is accurate, is in the judgment of the buyer.

    The grey sheet is the price of what trades commercially at a grade level. The minimum dealers and buyers accept. For instance, the new ANA grading guide has slipped the grades a few points so the stuff that now trades at grey sheet is a bit liberally graded than what traded a few years ago. What I mean is that the Grey Sheet prices do not apply to strictly graded coins, such as EAC graded copper, original Pre-1853 silver, dirty gold, original problem free Indian and Lincoln cents. None of this stuff trades at Grey sheet. >>



    110%

    image
    imageimage
    Collector of Early 20th Century U.S. Coinage.
    ANA Member R-3147111
  • ConnecticoinConnecticoin Posts: 13,094 ✭✭✭✭✭
    The Greysheet SAYS "certified or raw", but practically it is "sight-seen accurately graded certified coins" only.

    Try selling an accurately graded MS-65 raw Morgan for Greysheet bid or even 10=20% back of Greysheet bid -- not gonna happen. The buyer MAY give you more than MS64 money if he is confident it will grade 65, but the price will be discounted for the risk that it will not grade 65.
    *For Sale on Numismy* *For Sale on Ebay*
  • capecape Posts: 1,621 ✭
    i agree with eagle eye. i feel grey sheet is for low end for the grade coins. when collecting and trying to buy at grey sheet levels.......your collection will usually be low end and it is likely if you liquidate that you'll lose money down the road. often when i stretch and purchase a coin above these levels,even though i'm a little nervous.....these are my homeruns.
    ed rodrigues
  • jdimmickjdimmick Posts: 9,754 ✭✭✭✭✭
    Thats true when conducting business at larger regional shows, and of course major shows, but try selling a coin wether PQ or marginal at most Local dealers and see what kind of price you get offered!!! They go by the greysheet period minus a percentage.

    I usally try to pay tighter on nice coins myself, course I am a confident grader, but the the other shops in town its simply greysheet minus a percentage period.
  • roadrunnerroadrunner Posts: 28,313 ✭✭✭✭✭
    agree with eagle eye. i feel grey sheet is for low end for the grade coins.

    Low end for the grade coins only bring CDN bid money in popular series such as early bust and copper for example. Try getting CDN bid for a low end MS65 bust half for example (you'd be lucky to get within 20% of bid from anyone). How about a low end MS65 seated dime? You can't get bid unless a selling dealer has a customer to bury in such a coin.

    Decent or nice coins bring bid or more. Anything on the lower-end scale is a total crap shoot when compared to sheet prices. At some point in time those kinds of coins will only be selling at next grade down.

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • Walkerguy21DWalkerguy21D Posts: 11,625 ✭✭✭✭✭
    Excellent thread, guys - lots of good opinions and insights being exchanged!
    Yes, it is guide, and just a guide, for sight seen coins whether raw or slabbed. I think the coins slabbed by the major tpg's carry more weight, but that still doesn't mean someone is going to or has to pay bid or ask for it. Key dates and scarcer coins with exceptional eye appeal can be sold to dealers at full bid or higher; probably because they know they can mark these up and still find ready buyers. I also think Greysheet is more realistic for more commonly traded coins in popular dates in popular series. There have been several threads about what scarce date coins in the early seated and bust coinage REALLY bring in auctions or transactions between series' specialist; I think those guys would LOVE to buy those coins at full bid ANY day! And I'm well aware that the early Walkers in higher grades trade well above Greysheet prices. Use it as one guide, but also rely on your personal knowledge to get the most you can when selling, or the best deal you can when buying.
    Greg
    Successful BST transactions with 171 members. Ebeneezer, Tonedeaf, Shane6596, Piano1, Ikenefic, RG, PCGSPhoto, stman, Don'tTelltheWife, Boosibri, Ron1968, snowequities, VTchaser, jrt103, SurfinxHI, 78saen, bp777, FHC, RYK, JTHawaii, Opportunity, Kliao, bigtime36, skanderbeg, split37, thebigeng, acloco, Toninginthblood, OKCC, braddick, Coinflip, robcool, fastfreddie, tightbudget, DBSTrader2, nickelsciolist, relaxn, Eagle eye, soldi, silverman68, ElKevvo, sawyerjosh, Schmitz7, talkingwalnut2, konsole, sharkman987, sniocsu, comma, jesbroken, David1234, biosolar, Sullykerry, Moldnut, erwindoc, MichaelDixon, GotTheBug
  • FrankcoinsFrankcoins Posts: 4,571 ✭✭✭


    << <i>Now here is the $10,000 question. Who determines if a given coin is accurately graded? If it is in a PCGS holder or an NGC holder I guess the general assumption is that the grade on the holder represents a fair grade because it was assigned by a major third party grading service. If the coin is RAW who determines if the coin is accurately graded? Why, the seller of course! But then the buyer doesn't have to agree and so IMHO the CDN sheet, as far as RAW coins are concerned, is just a GUIDE to value. Steveimage >>



    For Greysheet, the buyer (dealer placing the Bid) determines if the coin meets his grading standards, not the seller.

    For Bluesheet, the buyer is required to honor his bid for a slabbed coin SIGHT UNSEEN, regardless of what the coin looks like. Thus, prices are lower in almost all cases.
    Frank Provasek - PCGS Authorized Dealer, Life Member ANA, Member TNA. www.frankcoins.com
  • tightbudgettightbudget Posts: 7,299 ✭✭✭
    It applies for both
  • bidaskbidask Posts: 14,017 ✭✭✭✭✭


    << <i>I beg to differ with TomB. The grey sheet is for commercially graded coins, whether the grade is accurate, is in the judgment of the buyer.

    The grey sheet is the price of what trades commercially at a grade level. The minimum dealers and buyers accept. For instance, the new ANA grading guide has slipped the grades a few points so the stuff that now trades at grey sheet is a bit liberally graded than what traded a few years ago. What I mean is that the Grey Sheet prices do not apply to strictly graded coins, such as EAC graded copper, original Pre-1853 silver, dirty gold, original problem free Indian and Lincoln cents. None of this stuff trades at Grey sheet. >>

    Un oh, another reason for the CAC. That phrase "commercially graded".
    I manage money. I earn money. I save money .
    I give away money. I collect money.
    I don’t love money . I do love the Lord God.




  • BECOKABECOKA Posts: 16,961 ✭✭✭


    << <i>The Greysheet should be used for accurately graded coins, raw or slabbed. >>



    Interesting, I was treating the greysheet prices as accurately graded dogs and paying a premium for accurately graded eye candy. image
  • LonerAngerLonerAnger Posts: 152
    The Grey Sheet is paper. It is a guess, guide, SORTA ...."indicator."

    I once needed one each of capped bust half dime, dime, and quarter in XF for a customer and offered "Ask" on the Autex teletype in use at that time.

    Next week, the Grey Sheet showed those prices as "Bid" for the XF column in those 3 coins only.

    "Someone".......watches something. Nobody knows what.

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