GreySheet Pricing

Mowgli

There are lots of discussion about the Greysheet prices being too high or too low relative to auction prices or dealer prices. My question is how can there even be a bid/ask for coins that almost never come on the market? A specific example would be the 1884 and 1885 3-cent nickels in business strike. The price in the Greysheet is probably too low but how can there be a price at all when they almost never come up for sale?

garsmith

greysheet is too high if your buying and too low if your selling

tahoe98

<< <i>greysheet is too high if your buying and too low if your selling >>




.........

Walkerguy21D

Good point, but I guess they feel compelled to put something in there! Like anything else, the more data they have, the more accurate it probably is (assuming the data is 'good' to begin with). Thinly traded issues have little data available. I could believe some of the 'Bid' prices for scarce issues; assuming there are dealers posting legit Bid offers for these coins. The Ask price I'm more skeptical of.....how many dealers have these coins for sale, that they're offering (to other dealers, or anyone else)?

ziggy29

<< <i> A specific example would be the 1884 and 1885 3-cent nickels in business strike. The price in the Greysheet is probably too low but how can there be a price at all when they almost never come up for sale? >>

When things rarely come up for sale, you have to make estimates -- you can't reliably use sal prices or auction results because the sample sizes are way too low. But yeah -- when a certified business strike 1884 or 1885 3CN comes up for sale, it almost always blows away "sheet".