What do collectors think of the Greysheet wholesale pricing?
oldglorycoins
Posts: 199 ✭✭✭
I know that most dealers swear by it when buying, and I'm curious what collector's think when dealers quote them 'bid', or a percentage of bid.
Micah Langford - https://www.oldglorycoinsandcurrency.com/
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Comments
I have no opinion about the greysheet as I do not use it nor do I sell to dealers normally, I think I'll do better selling to collectors or at auction than to dealers.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
Depends on the coin. Is the dealer being offered a key date in a highly sought-after grade? If so, at least "bid", maybe more, is what I want for my piece. I get a kick out of ebay wannabe dealers who try a ridiculous lowball offer for my scarce key date in a mainstream series.
Advice for collectors coming from a collector with north of 60 years experience buying, selling, trading coins: Never leave money on the table by selling your keys too cheap.Think in terms of replacement cost to you before you say yes to a buy offer.
"Compassionate people are geniuses in the art of living, more necessary to the dignity, security, and joy of humanity than the discoverers of knowledge."
Albert Einstein (14 March 1879--18 April 1955)
Everyone wants full retail. And they want to buy at wholesale.
All comments reflect the opinion of the author, even when irrefutably accurate.
I'd expect that's just the sort of coin a pricing guide would want to be accurate on. Why do you think they would be publishing wholesale prices that do not reflect actual market conditions?
If it is your normal, run of the mill, average coin, then ok. If the coin has eye appeal, no thank you.
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Greysheet pricing for mainstream key dates would be largely based on dealer bids on exchanges. Those would be fairly accurate. Where Greysheet, and most guides, fall short are on thinly traded material that doesn't have active wholesale bidding.
Don't tell our friend CK, but a dealer recently posted a price of $60 PER COIN for 2025 proof cent rolls ($3000 per roll).
All comments reflect the opinion of the author, even when irrefutably accurate.
That would be $300,000 per mint bag.
Ten mint bags would be three million dollars.
(Heavens to Betsy, how in the world can that single dealer affords his offer?)
I don't think he's taking 1000 rolls, if anyone even had that many.
All comments reflect the opinion of the author, even when irrefutably accurate.
Say his name three times.
chopmarkedtradedollars.com
Beetlejuice Beetlejuice...
All comments reflect the opinion of the author, even when irrefutably accurate.
Having been retired and out of the ring for over ten years, I can’t comment on everything. The one area on the Greysheet which I think is totally wrong is early copper The prices on the Greysheet are too low. When I was a dealer, I could never buy properly graded early copper (1793 - 1814) at those prices.
I am not talking about EAC grading which is very conservative and out of step with the certified coin market. I am referring to NGC and PCGS certified copper. I could never buy early copper for Greysheet prices. They were “wish prices.”
From what I can see, collectors can’t buy coins at Greysheet prices any more. Twenty years ago you could. Now I use the Greysheet numbers as a base and add “fair mark-ups” from there. Most items are not worth double or triple bid., but some dealers try to do that. I can’t understand how they stay in business.
Just so you know, last I checked, Proofs don't come in bags.
Just sayin' ...
“We are only their care-takers,” he posed, “if we take good care of them, then centuries from now they may still be here … ”
Todd - BHNC #242
We will have to agree to disagree.
As a collector, GS is ok sometimes, sometimes not. GS was a very useful tool before " the internet" and its evolution to a marketplace. Although price guides existed the GS was the standard on the floor. There are many ways to find a value of a coin now with auction results obtainable and many price guides at your fingertips including live hour to hour knowledge! I still use it however as part of the overall picture. With some series however, it's not useful at all. As always for a super nice coin that I want for my collection whether it be raw, graded or stickered, I pay the asking price but will consider the GS as a starting point..
Curious what is driving the question?
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Excuse me ... are you saying you believe Proof issue coins are issued in Mint bags?
Kind of defeats the purpose, don't you think??
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Just checking.
SMH
“We are only their care-takers,” he posed, “if we take good care of them, then centuries from now they may still be here … ”
Todd - BHNC #242
Just saying my United States Mint documents are behind my dictionary, down in the basement.
You may well be correct, yet more than likely, not so much.
To be determined,
Red R.
saving your comment ... just because
“We are only their care-takers,” he posed, “if we take good care of them, then centuries from now they may still be here … ”
Todd - BHNC #242
There's no reason you can't have 100 rolls of proofs. Put them in a bag if you want. I think you are taking "bag" too literally. A "bag" is also just 5000 cents, even if they are in a box or 100 tube.
All comments reflect the opinion of the author, even when irrefutably accurate.
Did Red get Red's documents from behind Red's dictionary? Joe's dictionary is holding up a table.
All comments reflect the opinion of the author, even when irrefutably accurate.
Geez ... Do you even read? Or just provide snark comment?
Let me highlight it for you ...
Excuse me ... are you saying you believe Proof issue coins are issued in Mint bags?
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Don't bother responding unless you just HAVE to have the last word.
I mention that because I know that's part of your thing.
I get the fact that a "bag" of cents can be used a quantity.
“We are only their care-takers,” he posed, “if we take good care of them, then centuries from now they may still be here … ”
Todd - BHNC #242
‘Useless’ comes to mind.
Dave
You insult me and tell me not to respond. How funny.
I know what you said, but Red is just playing with you. I was referring specifically to your question asking if proof cents were issued in mint bags. They don't have to be issued in bags in order for the dealer to buy "bags" which was Red's original statement.
Life is short. Try to lighten up and have more fun.
Please feel free to respond, if you like. I welcome everyone.
All comments reflect the opinion of the author, even when irrefutably accurate.
Hmmm...I assume you also really think Red's Mint documents are with his dictionary. I apologize if you're organically literal.
Again, please feel free to respond. I don't care about having the last word, but you seem to, since you told me not to respond.
All comments reflect the opinion of the author, even when irrefutably accurate.
Yes, proofs hold their value better if they are used less. Thanks for contributing!
All comments reflect the opinion of the author, even when irrefutably accurate.
Red is perplexed as to @pursuitofliberty turning on him with conjecture.
LOL all you guys be arguing with an AI bot. AI don't know greysheet. RGDS!
Well, since you couldn't help yourself @jmlanzaf ...
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Initially, I thought Red might be serious about Proofs being issued in Mint Bags, so I probably took him far too literally at first and missed the joke. Reading back, I do suspect he was joking the whole time. That might be his regular MO here.
Beyond that, my earlier take on Red was that he seems an odd duck who makes some odd comments, sometimes "newbie-ish" (if that makes sense) ... in light of this exchange, he might just be an "acquired taste" type of humor that hasn't landed with me (yet).
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As for you, I asked Red if he was serious. I didn't ask you, and unless you speak for Red (which, come to think of it, you might) ... nah, nevermind.
I barely pay attention to you or read your posts. Rarely, but sometimes. But you pulled the snark on my post, so I replied.
You've shown repeatedly who you are here, and I can say I'm not a big fan. That's okay though. I'm not a fan of everyone here ... and I'm sure I'm not for everyone, just the same.
One thing that seems to be true, is that you seem to have to have the last word, sometimes seemingly on principle (and/or minutiae) alone, for post after post after post, on the same thread. It's a recurring theme I have seen, and something I have heard others mention.
I don't need that. It's all good.
I should probably just put you on iggy, like I know many others have.
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Anyway, the horse is dead ... proceed with further beatings (or burials) accordingly.
Have a good evening!
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p.s. ohh ... to the OP ... sorry I helped derail the thread. I don't use CDN Greysheet for what I collect. It hasn't shown itself to be entirely pertinent, at least to me, at least not for some time now. However, 35 years ago, I carried a set with me as a reference, almost always.
“We are only their care-takers,” he posed, “if we take good care of them, then centuries from now they may still be here … ”
Todd - BHNC #242
Lmao. Red and Joe are having fun. Pursuitofmalice is having no fun. Red and Joe love everyone. PursuitofAdHominems can't resist taking random shots.
Joe likes to talk so Joe responds when addressed. It seems polite to Joe. Everyone who thinks Joe should not respond are the ones who seem to feel that they deserve the last word.
Please, have the last word. The floor is yours...
All comments reflect the opinion of the author, even when irrefutably accurate.
Joe is confused that pursuitofmalice turned on him. Joe thanks Red for dragging him into this fight.
All comments reflect the opinion of the author, even when irrefutably accurate.
Omg make it stop.
BHNC #248 … 140 and counting.
Joe will stop. Red will do whatever Red will do. Joe can't control Red.
All comments reflect the opinion of the author, even when irrefutably accurate.
Some "colorful" person in this thread sounds like another glicker alt...
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
Red thinks it would be an absolute honor to meet Sir Glicker one day.
I concur,
Red R.
BHNC #248 … 140 and counting.
Back to Greysheet folks…
“Land of the free because of the brave”
“Saved by grace alone, through faith alone, in Christ alone”
In Deo solo confidimus
@jmlanzaf
Ive been curious for a very long time what it is that you do collect?
I am not trying to be facetious so do not take it the wrong way.
I know you post alot and that you are intelligent.
Im not trying to instigate an argument. I prefer to avoid that BS. I come here for the coins!
I know you post often but I dont recall seeing images or a discussion of a coin or coins that your enjoying.
Im sure you do collect coins or possibly a dealer, I dont know which.
What coins are they?
If you dont mind me asking.
If its a problem just dont respond or shoot me a pm if you prefer.
Student of numismatics and collector of Morgan dollars
Successful BST transactions with: Namvet Justindan Mattniss RWW olah_in_MA
Dantheman984 Toyz4geo SurfinxHI greencopper RWW bigjpst bretsan MWallace logger7 JWP BruceS bigjpst
I've posted the occasional U.S. coin of interest. The two I remember most was a gold U.S. Columbian badge and some elongated cents from the Columbian Expo. I'm also a fan of the Norse medals, although I sold mine during Covid. And, of course, I'm famous for posting the Coca-Cola coin from Fiji which I still find hysterical. A couple long-time posters reminded me of it on the recent NCLT thread.
At this point, I don't really collect any particular U.S. coin series anymore. I just buy the occasional coin of interest. The only coins that I actually "collect", as opposed to buy/sell, are Tibetan coins and paper money and coins from the Italian States. Neither of those have a place on this particular forum.
Many years ago, I decided that it was actually better to NOT collect U.S. coins if one was in the business of selling U.S. coins. Don't get me wrong, people do. But I've also seen part-time dealers like myself overpay for coins of a type they like, and I've seen them skim the better coins from collections they buy for their own collection. Both of those things are somewhat bad for business. So, in my case, I rarely find Tibetan or Italian States coins in the estates I buy to sell and so I'm (hopefully) somewhat more objective.
And, again, for what it's worth, no criticism of anyone intended, I'm simply not much into the show-and-tell game. I don't get much of a thrill out of showing off my coins. I'd prefer people not know what I do or don't have - although I mostly have a lot of dreck and outright junk at this point. LOL. As, I mentioned this on one of my New Year threads, my goal is to sell everything but Tibet by the end of 2027 and "get out of the game" entirely.
I don't mind the question at all. I like to "chat" on the forum. Somehow, people call that "needing to have the last word". LOL. But, because I "chat", I almost always respond when spoken to and want other people to respond to me.
All comments reflect the opinion of the author, even when irrefutably accurate.
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It is better than the Greasysheet,
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Depends on whether you're buying or selling. 😀
All comments reflect the opinion of the author, even when irrefutably accurate.
@jmlanzaf thank you for the insight.
Ive seen dealers at the local shows use information out of a coin magazine that is given out at the show. Im not sure if its grey sheet or not.
Its such a tricky game selling to dealers. Classic scenario of buy low and sell high. Establishing relationships can be helpful. I find that most dealers will work with me from either end of the aisle. I have met a few who have the personality of a fish.
Student of numismatics and collector of Morgan dollars
Successful BST transactions with: Namvet Justindan Mattniss RWW olah_in_MA
Dantheman984 Toyz4geo SurfinxHI greencopper RWW bigjpst bretsan MWallace logger7 JWP BruceS bigjpst
The magazines given out at shows is likely the CPG retail guide, a Greysheet publication, but not the traditional wholesale Greysheet price guide.
I miss the days of the fast and loose ban hammer.
Coin Photography
I don't. We lost a lot of good people. Skip Fazzari, Roger Burdette, Laura. Even Mark Feld at one time.
All comments reflect the opinion of the author, even when irrefutably accurate.
And please don't forget the forum favorite, M. Glicker.
May he live on.
As a collector, when buying I no longer use it. Auction history for more expensive items, retail price lists and eBay activity for common coins as a starting ceiling.
When selling, GC for US or a dealer friend.
Foreign and exo are tough, as are rare US.
Seems to me, the people who call others out for needing to have the last word are using that passive-aggressively in an attempt to shut down a conversation and have the last word themselves.
If you don't have anything else to say, you just stop posting on the topic. No need to announce to the forum that you're done talking, and that everybody else should be, too.
Those first three named earned their fate, sometimes repeatedly for violating forum rules of behavior. I don’t miss them.
"She comes out of the sun in a silk dress,
running like a water color in the rain...."
Since I collect Morgans, Peace and WLHs, and no top of the POP for these, greysheet is a great tool for me when buying and helped me over the past 15 years. Since my collecting area doesn't change drastically, I only need a couple of issues a year to keep current on prices.
This is called gaslighting.
BHNC #248 … 140 and counting.
I have been impatiently waiting for the definitive answer to this question. When will @Cougar1978 post to this thread?
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