If greysheet lowered the bid/buy on commems to

pennyannie

Does the greysheet try to keep coin values higher than they sell for on purpose or how do they arrive at the values? I am just interested in the older commens due to many many threads that always state most commens sell for well back of greysheet prices. I know that there is always exceptions but if the next issue of greysheet lowered the commen prices 30 percent would they trade without discounts or would the same percentages be taken off like the present? Without really studing prices is any of this tied to commen prices being a lot higher 20 years ago vs today. If the greysheet dissapeared tommorow would that make prices tend to go up or down.

RedTiger

If the sheet lowered 30%, prices would go lower for sure. Maybe not 30% immediately, but definitely down.

As I understand it, this happened in stamps. Raw common stamps worth above face value traded for a certain percentage of book, then when the book updated to that percentage, prices fell more.

Use the sheet as a guide. Look at prices from various venues, auctions, dealers' asking prices, dealer bid, and cash bids if offering to a dealer. This goes for all coins, those that tend to trade at sheet, below sheet, and above sheet. Of course the quality of the coin counts for something too.