Im abandoning the greysheet
coinlieutenant
Posts: 9,317 ✭✭✭✭✭
Price inaccuracies continue to plague the issuance, both on the high and low side. These inaccuracies hurt collectors at a higher rate than dealers who know market levels with a higher degree of accuracy.
Customer service remains very poor, despite words from leadership saying that things were turning a corner
Most recent and most frustrating to me as a long time user of this publication is the recent change that doesn't even allow the greysheet to be downloaded to a subscriber's computer.
They have said that hard copies will be mailed to those that had a digital subscription, but ONLY if you renew your subscription. Unacceptable that I can't even use the subscription I paid for unless I have internet access and even then, the zoom function is poorly designed.
I'm TIRED of the cost, the poor quality of the pricing, the platitudes from the company with no action behind them and the constantly moving goalposts that hurt the consumer in a desperate effort to keep business revenue up. I swear it is almost like they WANT people to leave...
Nothing in this thread is false. They are all combinations of my experience and hard facts. Wake up to the reality of the information age, Greysheet.
John Marburger
Commander, USN (ret)
Silicon Valley Coins
Comments
Oh, man! What a tease!
In honor of the memory of Cpl. Michael E. Thompson
Consider it done!
You should switch back to TP since the shortage is over
Ridiculous
We're still waiting.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
LOL! I did when the ownership changed, the prices went up astronomically, and what appeared to me to be a group trying to crash the coin market!
It is with nail biting anticipation that I await the breaking news announced in the OP. Prognostications of horrendous events....... Wake me.... Cheers, RickO
Hopefully we'll get more information from the OP before this thread gets shut down for violation of rule 2.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
...Inquiring minds, and all.
Successful BST transactions with: SilverEagles92; Ahrensdad; Smitty; GregHansen; Lablade; Mercury10c; copperflopper; whatsup; KISHU1; scrapman1077, crispy, canadanz, smallchange, robkool, Mission16, ranshdow, ibzman350, Fallguy, Collectorcoins, SurfinxHI, jwitten, Walkerguy21D, dsessom.
I haven’t abandoned it, I never subscribed to it.
I have a Red Book from 1964, I can offer that...
It seems as if that should be a personal decision and not something to advocate here.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Any time a dealer picks up a greysheet I laugh.
My gospel is eBay sold results.
"It's like God, Family, Country, except Sticker, Plastic, Coin."
Why?
siliconvalleycoins.com
Many extremely knowledgeable dealers (and collectors) get a lot more information from it than they do from eBay sold results. And I don’t see any good reason to treat just one source as “gospel”.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
It's a hobby discussion board. I like hearing strong opinions that are supported by their evidence. Tamping down such discussion is not helpful for those who wish to learn from his experience.
"Got a flaming heart, can't get my fill"
I've been a subscriber since about 1975 and I find it a useful and convenient tool. If someone comes up with something better, I'll switch. Until then, they got me.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
I don't think "tamping down on discussion" is the issue. It's the "you should do what I say" part.
How about expressing opinions and presenting “evidence” without telling others what they should do? Please note, I’m not telling you what you should do.😉
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Like everyone else I love being told what I "should" do.
🤣
......The thread title change works.
"Inspiration exists, but it has to find you working" Pablo Picasso
What is this greysheet you speak of?
m
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
I guess my perspective is that if someone uses the Greysheet they already know the downsides and can make their own decision.
The OP is very informative and I don't doubt the veracity of the details, but for someone like me who does not use the Greysheet it has no impact on me as I can't boycott what I don't already buy.
I agree that the thread title is inappropriately long
Here's how I approach it. It's a tool just like any other price guide like PCGS price guide, Red Book, Blue Book.
As a buyer of coins, I don't care what color your sheet or your book is. If I don't like the price I'm being quoted I move on.
Donato
Donato's Complete US Type Set ---- Donato's Dansco 7070 Modified Type Set ---- Donato's Basic U.S. Coin Design Set
Successful transactions: Shrub68 (Jim), MWallace (Mike)
Sure, and I respect that... to an extent. But I also know that greysheet is only relevant as long as those dealers keep picking it up, and the customers take it seriously. The younger generation is ambivalent about greysheet and focuses more on what stuff actually sells for, not bids/asks at, with hard data to back it up on eBay.
eBay sold results are gospel to me because they show the baseline I can expect to sell any given coin for. Sure, you have to filter out some nonsense and misprices, as well as toners and some other stuff, but otherwise, it's primo material for pricing raw and graded coins. I do find myself using CoinFacts in conjunction with eBay solds more and more, now, and those two together make greysheet irrelevant for me.
"It's like God, Family, Country, except Sticker, Plastic, Coin."
There are all sorts of coins that don’t typically sell on eBay.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
And thats where coinfacts comes in.
"It's like God, Family, Country, except Sticker, Plastic, Coin."
eBay is good for pricing raw coins, with the understanding that you have to look at every coin to verify the grade before the value is of use. Not very practical when you're trying to quickly come up with a number...
"What will you pay for this?"
"Come back in fifteen minutes and I'll tell you."
Anyone ever use the free NumisMedia FMV Coin Price Guide? If so, what do you think of it?
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
I agree here. There’s multiple ways to check past sale prices. Pool them together and come up with a better idea of market trends.
BHNC #248 … 130 and counting.
Mark and Bruce,
You guys don't like Yelp?
I find it helpful.
siliconvalleycoins.com
I think the thing that sent me over the edge was the fact that I can't even effectively use the subscription I paid for because they changed the rules.
Very frustrating and exceedingly poor business practice.
siliconvalleycoins.com
Not busy enough to justify GS but find it useful.
I just use ebay.
Alot of my stuff is either too common to uncommon for GS.
BST: KindaNewish (3/21/21), WQuarterFreddie (3/30/21), Meltdown (4/6/21), DBSTrader2 (5/5/21) AKA- unclemonkey on Blow Out
When a van pulls up to your shop, and a guy starts unloading banana boxes full of post 1964 proof sets, good luck on doing the deal without a greysheet.......
As long as they're willing to give you a pro-rated refund on cancellation, I can't fault them for doing what they think they have to do.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
John, I use Yelp sometimes, but don’t see it as relevant to this thread.😉
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Everyone need to make up their own mind.
NO one person should sway you one way on another.
That deal would be easy....
siliconvalleycoins.com
There.....I changed the title. Everyone now can infer my recommendation instead of having explicit.
siliconvalleycoins.com
John, we're very sorry to lose you and I'm sure if you asked nicely we would have upgraded your last 2 issues to send you a complimentary mailed copy. We realized people are inconvenienced by this change, but we also realize we cannot keep allowing the indiscriminate sharing of our intellectual property (IP). I wish those who are upset could spend a moment considering what it means for us and our business to maintain this security. We certainly didn't do it to upset you...
Whitman Brands: President/CEO (www.greysheet.com; www.whitman.com)
PNG: Executive Director (www.pngdealers.org)
Not sure how putting "Commander, USN (ret)" is relevant? Your a civilian now. Rank is meaningless here. I say this as a former officer myself.
It's spelled "you're" and thank you for your service.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
You know, I haven't posted here in a while.....and I am really starting to remember why. I put that in my signature line because I find that it adds validity to me not being a nutjob rube in life that just rolled in and started spouting nonsense. People trust military in general, and this business is built on trust.
And thank you for your service but not your really unhelpful comment.
siliconvalleycoins.com
Im glad to hear from you, John. I sent you a note elsewhere....but didn't hear back.
siliconvalleycoins.com
Very easy as in No deal. I would not pay face for proof sets as I do not have storage space.
I would typically pick up a hard copy of the Greysheet upon arriving at the Long Beach show (remember those?). I found it to be useful as a quick guide if I saw a coin of potential interest and wanted to know if the dealer's price was remotely reasonable. In other words, it was useful as a quick sanity check on the bourse. Obviously, before committing to purchase anything other than a cheap coin, further research was/is prudent. Greysheet prices were typically more accurate than TPG guides, in my experience.
FWIW.
"Hey man, the bank is over there."
"It's like God, Family, Country, except Sticker, Plastic, Coin."
I paid 4 figures for a 2007 D PCGS MS 66 cent the other day.
How much over Greysheet did I pay?
You need to do statistical analysis on eBay results. When you've got prices ranging from $30 to $300 for the "same" coin.
Greysheet is very good at what it is. What people expect it to be doesn't exist. An individual coin can always sell for more or less than ANY price guide.
I don't mind the tagline. Many military, especially higher ranks, include their rank/branch/"retired". I suppose the ideals are sort of a lifelong commitment. And it is a reminder that a few are out there doing a job so the rest of us don't have to worry.