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When you ask for the greysheet price do you really.......
darktone
Posts: 8,437 ✭✭✭
When you ask for the greysheet price do you really want the Blue sheet price? as the Blue sheet is for certified coins. Not sure if some knew there was a difference? mike 
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It's the other way around. The blue sheet is usually lower because it is for "Sight Unseen" prices.
Jim
If you ever have a dealer pull out the Bluesheet on you when you're standing there IN PERSON offering to sell/trade some coins, RUN AWAY AS FAST AS YOU CAN! They're trying to hose you.
<< <i>RUN AWAY AS FAST AS YOU CAN! They're trying to hose you. >>
Or maybe you should think about the coin you are selling. It could be a dog.
Cameron Kiefer
Bluesheet purports to give the most recent bids dealers have offered on the several computer trading "floors" for coins that they don't have a right to reject.
Normally a guy who wants to unload a bunch of ugly coins OR a guy who wants to hammer a deal for sure will "hit" sight unseen bids. Dealers who place bids for coins sight unseen hope to get some decent coins in addition to coins many would consider ugly.
Dealers who offer bluesheet for your nice coins at a show while you're standing there are doing more than guys who won't give you any offer. Furthermore, you can use their offer to elicit better offers. "Joe over there offered me X for this piece. I'm looking for Y." You may not get an offer of "Y" but you may get X plus ten percent. You then use that offer to elicit a better offer.
The truth of the matter is that many coin dealers are coin addicts with big coin bills looming over their heads. They want to try and make some money at the show since since they've gone to the trouble of being there, despite their financial condition....so they offer you 95% of what they know some major dealer will pay them for the material.
Unfortunately, they usually just don't have the courage to say "I have to come up with $50,000 by this Tuesday to pay an auction bill so I'm kind of a low baller right now", which when said actually allows them to be less insulting AND increase the probability that they will get a taker for their low ball offer.
A few last thoughts.
Coin dealers can't make fair offers on everything that is offered to them - no one has unlimited funds and not every dealer specializes in every series.
Coins are not fungible....there is no stable, huge and ready market for coins at 1% over their "fair market value" whatever that is.
Of course, knowing all of this still doesn't make you feel better when some dealer forgets that he sold you a particular coin at 50% over Greysheet and then offers you 90% of bluesheet for the coin two years later when the market is supposedly "on fire".
Unfortunately, the blue sheet is often abused, you know, guy at coin shop or coin show justifies his offer to widow of now dead coin guy by pointing to bluesheet bids - tries to take advantage of ignorant person who is soon to be possession liberated.
I guess that's the most important distinction to make over greysheet and bluesheet--are you a collector that intends to pay for the nice ones and keep them, or are you a dealer that has to turn a profit to pay the rent?
In terms of selling coins, if bluesheet pricing is close to greysheet for a particular coin, I may sell for that. A dealer will make at least 10-15% on a coin he buys from you or me and turns over (I'd be upset if he made much more than that).
"Seu cabra da peste,
"Sou Mangueira......."