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What percentage over Greysheet do you feel comfortable paying?
Vetter
Posts: 1,050 ✭✭✭✭✭
When selling to a collector what % over Greysheet prices are considered the norm? I know common dates will be close and the semi and key dates will be more, sometimes much more. I figure it’s a broad question and there are so many variables that would affect the price but I’m trying to get a feel for what’s “normal”. Just looking at some of the prices for common dates on fleabay They seem to be all over the place. It’s like they put a stupid high price up and hope someone buys it. So any insight or advice would be appreciated.
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I don’t even have the sheets so I’m probably all over the map. It all depends on how interested I am in the coin. I have no problem paying retail if I like it enough/coin deserves it.
I learned that if I try to play the greysheet game I miss out on good stuff.
It all depends. I've paid 1/2X Greysheet before, and I've happily paid 2X Greysheet (many times). To me, it's a VERY rough estimate.
Dave
Well, when possible I don't buy average coins...... so I have no idea. It depends on the coin.
Don’t assume that semi-key and/or kay dates trade at larger premiums. Often, the opposite is true.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
It really all depends. What's the spread from one grade to the next? Why am I paying a premium? If there's a small spread to the next grade, and the premium is because the coin is high-end for the grade, I might not pay that much more than sheet. If the coin is spectacularly toned, that may mean far more than the value of the next grade. You also can't forget the importance of how accurate sheet is. If it's in line with auction prices realized, it may be good as-is. If it's way off, at best it may be a guide for relative values between grades.
Put another way, I've paid double or more what sheet says and I'd do it again in a heartbeat. I've seen coins offered back of sheet and thought they were overpriced.
In general coins with outstanding eye appeal go for well over sheet.
Dogs are less expensive
Hot dogs are sometimes 2 for $1.00
I've bought coins that were in the Greysheet for $4,000 and paid $3,000 as the last few had sold for less and the coin was not a world beater or top tier for the grade. Then I've bought coins that were in the Greysheet for $1,300 and I paid about $2,000 because the quality to me was worth the price of the next grade up.
Buy the coin, not the number on the slab.
Donato
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Auction results, from reputable auction companies, should be your guide when it comes to quality coins. Even then, each coin is different. I have avoided common stuff for a very long time and would recommend others do the same. In doing so, the Greysheet is irrelevant.
Not really looking for much these days but if I were, it might be a toner.
How badly do you want to bury yourself?
Very hard to get Greysheet on a lot of coins unless they are liners or high end. And forget about CW Trends or Numismedia retail.
Personally, I see zero value in tying capital up on anything that requires the greysheet to price it.
Latin American Collection
I try to go 5-10% back of bid generally speaking. Of course there are exceptions to everything.
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
I don’t know current sheet values for large cents and better Barber material, but a few years back they were generally pretty low relative to the ‘real market’. When pricing this stuff at shows and seeing the dealer pull out the Greysheet back then, I was usually trying not to salivate....
US classic rare coins are generally not commodities to be bought and sold based on bid/ask price sheets like pork bellies.
The price guides are just that... guides. if an exceptional example comes to market the seller should price it accordingly and the buyer should expect to pay a premium.
A universal formula or algorithm to establish price ranges will not work, the market is too thinly traded,
Educate, look at auction results and photos. .Obsessing over pricing is a waste of time IMO. Personally, I think auction results are an invaluable resource.
pork bellies. yum.
Price guides are just 'guides', and a snapshot in time from the perspective of the researching group. Judge the coin... grade, rarity, appearance, slab, sticker.... all are contributing factors. Cheers, RickO
That's a GREY area to me! lol sorry i couldn't help myself?
A more proper question is what pct will somebody pay over CPG which is based on CDN (wholesale).
Truly exceptional, PQ coins, expect pay more.
This........
I don't know of any guide that can take into consideration color/tone/eye appeal.
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Agree. I never use greysheet. I'll check out CoinFacts and review previously sold coins to come up with my own idea of the price.
Second the coinfacts opinion @chesterb.
I see the recent auction prices, turn on and off eBay sales prices and look at great pictures and base my pricing from that, as a guide.
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