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Are the Greysheets now useless?

seateddimeseateddime Posts: 6,179 ✭✭✭
in U.S. Coin Forum
With most coins sell a prices nowhere near the grey sheet and the free access to auction record not to mention the PCGS price guide are the greysheets now just useless?
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.

Comments

  • blu62vetteblu62vette Posts: 11,931 ✭✭✭✭✭
    To me it is a guide, one of several methods I try to use. No more, no less. It has it's failures but also does help.
    http://www.bluccphotos.com" target="new">BluCC Photos Shows for onsite imaging: Nov Baltimore, FUN, Long Beach http://www.facebook.com/bluccphotos" target="new">BluCC on Facebook
  • MeltdownMeltdown Posts: 8,862 ✭✭✭✭✭
    I use it as a rough model of what I'd like to pay. Sometimes a bit more, often time less.
    It depends on the coin in question that I want to purchase.

    Click on this link to see my ebay listings.

  • seateddimeseateddime Posts: 6,179 ✭✭✭
    A seated dime, of course
    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.
  • MikeInFLMikeInFL Posts: 10,188 ✭✭✭✭


    << <i>With most coins sell a prices nowhere near the grey sheet and the free access to auction record not to mention the PCGS price guide are the greysheets now just useless? >>



    I don't think they are useless. My sense is lots of dealers use it as a guide to BUY coins. Not so much to sell them.
    Collector of Large Cents, US Type, and modern pocket change.
  • illini420illini420 Posts: 11,466 ✭✭✭✭✭
    i use it when buying so I know about what I can get for a coin if I had to sell unexpectedly. I know several dealers who will pretty much pay bid on any certified coin so I sort of view it as sort of an insurance policy if I need quick cash. Occasionally I can find nice coins to buy at those levels too image

    Michael Kittle Rare Coins --- 1908-S Indian Head Cent Grading Set --- No. 1 1909 Mint Set --- Kittlecoins on Facebook --- Long Beach Table 448

  • SeaEagleCoinsSeaEagleCoins Posts: 3,262 ✭
    it all depends...

    I'm sure they can still be used to line the bottom of a bird cage...


    Seriously...they are just a guide...generally accurate for popular widgets... over priced for slow moving widgets... and vastly underpriced on certain series (think circ barber)...
    Re: Slabbed coins - There are some coins that LIVE within clear plastic and wear their labels with pride... while there are others that HIDE behind scratched plastic and are simply dragged along by a label. Then there are those coins that simply hang out, naked and free image
  • 19Lyds19Lyds Posts: 26,491 ✭✭✭✭
    Where is the "They Still Have Value?" radial?
    I decided to change calling the bathroom the John and renamed it the Jim. I feel so much better saying I went to the Jim this morning.



    The name is LEE!
  • Aegis3Aegis3 Posts: 2,906 ✭✭✭
    I cannot remember the last time I looked at one.
    --

    Ed. S.

    (EJS)
  • BillyGoatsGruffBillyGoatsGruff Posts: 640


    << <i>

    << <i>With most coins sell a prices nowhere near the grey sheet and the free access to auction record not to mention the PCGS price guide are the greysheets now just useless? >>



    I don't think they are useless. My sense is lots of dealers use it as a guide to BUY coins. Not so much to sell them. >>



    Yes, you nailed it.
    BGG
  • BcsicanBcsican Posts: 1,068
    I use mine on my dart board and apply the SWAG system STUPID WILD ASS GUESS....
    BCSICAN

    "Because I can"

    myurl The Franklin All Old Green Holder Set
  • bestdaybestday Posts: 4,239 ✭✭✭✭


    << <i>

    << <i>

    << <i>With most coins sell a prices nowhere near the grey sheet and the free access to auction record not to mention the PCGS price guide are the greysheets now just useless? >>



    I don't think they are useless. My sense is lots of dealers use it as a guide to BUY coins. Not so much to sell them. >>



    Yes, you nailed it. >>



    The greysheet is just a low ball tool to take the unsuspecting collector , for the proverbial ride
  • seateddimeseateddime Posts: 6,179 ✭✭✭


    << <i>

    << <i>

    << <i>

    << <i>With most coins sell a prices nowhere near the grey sheet and the free access to auction record not to mention the PCGS price guide are the greysheets now just useless? >>



    I don't think they are useless. My sense is lots of dealers use it as a guide to BUY coins. Not so much to sell them. >>



    Yes, you nailed it. >>



    The greysheet is just a low ball tool to take the unsuspecting collector , for the proverbial ride >>




    BINGO!
    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.
  • MisterBungleMisterBungle Posts: 2,308 ✭✭✭

    By the time I find what I'm looking for in the
    Greysheet, it's time to cut my toenails again.

    ~


    "America suffers today from too much pluribus and not enough unum.".....Arthur Schlesinger Jr.

  • silvergoldnutsilvergoldnut Posts: 456 ✭✭


    << <i>By the time I find what I'm looking for in the
    Greysheet, it's time to cut my toenails again.

    ~ >>





    image
  • OregonCityGoldOregonCityGold Posts: 427
    They contract out their editing to a keyboard-slapping monkey. Or maybe Laura is moonlighting...
  • Walkerguy21DWalkerguy21D Posts: 11,523 ✭✭✭✭✭
    Wow - lots of harsh commentary....I voted 'could not live without them'. I hit a fair number of shows and (as many on here know) I do a fair amount of part time dealing in addition to collecting. Most of the dealers I work with are those dealing with I guess what is generically called 'collector coins', some raw, some slabbed. Nearly all of us the Greysheet as a basic starting point for buying and selling. For the Legends and Harry Laibstains of the world, and their clientele, yes, it's probably useless, and auction records are more important. Which is fine, when you are selling a dozen coins a month, or in the case of the client, buying a dozen coins a year if that many. But have your 'wholesale guy' come up to you at a show with a box of stuff he's put away for you, coins in many series and many grades, and gives you 15 min or so to make your buy offers before he has to move on, and you can see where I and others need something like a greysheet to help the decision making process. But integrate your personal knowledge with it when possible - if you can buy better date walkers and barbers at or below greysheet, you know you are finding some good bargains.
    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
  • MrEurekaMrEureka Posts: 24,315 ✭✭✭✭✭
    I find them useful, and refer to them every few days or so.
    Andy Lustig

    Doggedly collecting coins of the Central American Republic.

    Visit the Society of US Pattern Collectors at USPatterns.com.
  • pennyanniepennyannie Posts: 3,929 ✭✭✭
    Walkerguy- I think your answer is spot on. I must just collect crap though cause most of my "buys" are at bid or back of bid. It kind of irks me to pay close to pcgs pricing on auction coins.

    I sometimes go to a few coin stores where the owner prices there goods at coin world trends or 2 stores actually use L & C coins store prices as there guide. I have seen mostly the same coins there for the last 7 or so years. I always look to see if the store sign has added Museum to the sign.

    Mark
    NGC registry V-Nickel proof #6!!!!
    working on proof shield nickels # 8 with a bullet!!!!

    RIP "BEAR"
  • bestdaybestday Posts: 4,239 ✭✭✭✭


    << <i>I find them useful, and refer to them every few days or so. >>



    I have seen a well known Chicago area dealer step away from his computer , whip out a 2 week old greysheet and proceed to offer 80 % of greysheet bid on several low pop PCGS coins .image
  • SeattleSlammerSeattleSlammer Posts: 10,032 ✭✭✭✭✭
    seateddime, what have you been smoking? Absolutely not. Your question is silly.



  • Walkerguy21DWalkerguy21D Posts: 11,523 ✭✭✭✭✭


    << <i>I must just collect crap though cause most of my "buys" are at bid or back of bid. >>


    I've seen your 'crap' Pennyannie, and if you are picking up those monster indian cents at Bid or below, you are doing fine!
    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
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,444 ✭✭✭✭✭
    Greysheets are like Twitter.
    Useful to those who use them proper. Useless to those who don't understand "_____ Speak"

    Fill in the blank.
  • seateddimeseateddime Posts: 6,179 ✭✭✭


    << <i>seateddime, what have you been smoking? Absolutely not. Your question is silly. >>



    I am looking for some good stuff, got any? 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.
  • shorecollshorecoll Posts: 5,445 ✭✭✭✭✭
    To paraphrase bestday, they're retitling it the "Rube Scammers Digest". But I do think it's useful for some of the other things mentioned.
    ANA-LM, NBS, EAC
  • JulianJulian Posts: 3,370 ✭✭✭
    I use them continuously as a guide to wholesale prices.
    PNG member, numismatic dealer since 1965. Operates a retail store, also has exhibited at over 1000 shows.
    I firmly believe in numismatics as the world's greatest hobby, but recognize that this is a luxury and without collectors, we can all spend/melt our collections/inventories.

    eBaystore
  • fivecentsfivecents Posts: 11,207 ✭✭✭✭✭
    I find the greysheet VERY useful. I consider the greysheet to be a "Third party pricing Service".image If nothing else it can be a good pricing starting point between a buyer and seller.
  • bestdaybestday Posts: 4,239 ✭✭✭✭


    << <i>I use them continuously as a guide to wholesale prices. >>



    Well with all your experience ,what are the overpriced coins listed on Greysheet and also the most underpriced ?

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