Slabbed coins are worth less than raw coins
coolest
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when comparing Blue Sheet prices with Grey Sheet prices.
Does this make sense to anyone?
Does anyone you know use the Blue Sheet?
Does this make sense to anyone?
Does anyone you know use the Blue Sheet?
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Russ, NCNE
Naturally, if you can't see the coin you're about to buy, you'll offer as little as you have to for it. It's different if you can see the coin you're about to buy.
I know of some dealers who check Blue Sheet prices to see what their downside risk is on a coin they're not sure they can sell to their regular clients.
Also, the Blue Sheet has prices for higher grades than the Grey Sheet does on some coins, so dealers have a basis to use for those coins.
Check out the Southern Gold Society
<< <i>The Blue Sheet is for sight-unseen transactions while the Grey Sheet is for sight-seen transactions.
Naturally, if you can't see the coin you're about to buy, you'll offer as little as you have to for it. It's different if you can see the coin you're about to buy.
I know of some dealers who check Blue Sheet prices to see what their downside risk is on a coin they're not sure they can sell to their regular clients.
Also, the Blue Sheet has prices for higher grades than the Grey Sheet does on some coins, so dealers have a basis to use for those coins. >>
Does this imply that when you can see a coin in hand it is, on average, much nicer than coins you cant see.
<< <i>when comparing Blue Sheet prices with Grey Sheet prices.
Does this make sense to anyone?
Does anyone you know use the Blue Sheet? >>
Blue sheet is SIGHT UNSEEN bids for certified coins. These are generally coins that would not get a sticker.
My icon IS my coin. It is a gem 1949 FBL Franklin.
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
Why wouldn't they just use a discount to grey sheet for unseen coins, instead of a whole separate blue sheet?
I knew it would happen.
<< <i>Comparing the grey sheet to the blue sheet is like comparing the red book to the blue book.
Why wouldn't they just use a discount to grey sheet for unseen coins, instead of a whole separate blue sheet? >>
So they can sell two subscriptions instead of one.
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>Why wouldn't they just use a discount to grey sheet for unseen coins, instead of a whole separate blue sheet? >>
I'd guess because the discount varies, depending on the coin/grade.
<< <i>Comparing the grey sheet to the blue sheet is like comparing the red book to the blue book.
Why wouldn't they just use a discount to grey sheet for unseen coins, instead of a whole separate blue sheet? >>
Bluesheet has separate entries for some of the companies. For instance on some ANACS coins this might mean a 50% discount from PCGS coins.
Bluesheet also has some line items that the greysheet doesn't cover. By having two separate publications they can sell two separate subscriptions.
<< <i>Does this mean that when coins are sold in a slab that the resulting price cannot be used to determine grey sheet values? And only the sale of raw coins can be used to determine grey sheet values? >>
Copied from the front page of the greysheet:
The weekly COIN DEALER newsletter (the Greysheet) reports the national Dealer–to–Dealer wholesale coin market, monitoring all possible transactions and offers to buy and sell coins sight–seen. The coins may be certified or “raw” (uncertified), but the grading MUST ADHERE to the current leading standard. Prices reported derive from the highest legitimate Bids and lowest legitimate Asks seen nationally; they do not necessarily reflect the levels at which any particular dealer might offer to buy or sell that coin. Bids reported consider activity in the certified sight–unseen market, which already include consideration of certification costs. Bids for a sight–seen “raw” coin may be higher or lower than for a sight–unseen certified coin due to current market conditions. The CDN may not change Bid due to the bidding adjustments of the high bidder, but will be strongly influenced by Buys which are higher or Sells which are lower than current Bid/Ask levels. INVESTOR/COLLECTOR NOTE: The prices in this newsletter are from Dealer–to–Dealer transactions; you should expect to pay a premium above Ask when purchasing coins in a retail transaction; you may also commission a Dealer for your purchases.
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<< <i>when comparing Blue Sheet prices with Grey Sheet prices.
Does this make sense to anyone?
Does anyone you know use the Blue Sheet? >>
Blue sheet is SIGHT UNSEEN bids for certified coins. These are generally coins that would not get a sticker. >>
Where in this country are slabbed coins being sold UNSEEN?
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<< <i>
<< <i>when comparing Blue Sheet prices with Grey Sheet prices.
Does this make sense to anyone?
Does anyone you know use the Blue Sheet? >>
Blue sheet is SIGHT UNSEEN bids for certified coins. These are generally coins that would not get a sticker. >>
Where in this country are slabbed coins being sold UNSEEN? >>
Dealers frequently sell quantities of common date widget coins such as Morgans and Saints to other dealers.
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>
<< <i>
<< <i>
<< <i>when comparing Blue Sheet prices with Grey Sheet prices.
Does this make sense to anyone?
Does anyone you know use the Blue Sheet? >>
Blue sheet is SIGHT UNSEEN bids for certified coins. These are generally coins that would not get a sticker. >>
Where in this country are slabbed coins being sold UNSEEN? >>
Dealers frequently sell quantities of common date widget coins such as Morgans and Saints to other dealers. >>
And how would the Blue sheet know what prices were paid? Something is very strange with the way they determine what prices to publish.
Decent coins sell via blue sheet levels if they are out of favor or common as dirt. And at times you're happy to get blue sheet for stuff that is not selling (ie like common 63 and 64 commems).
Blue sheet also allows you to determine price ratios of grades that CDN does not carry (ie MS 66, 67 for example). The blue sheet comes in handy in finding premiums for 66-68 coins vs 65's. Then you can ratio those prices into the CDN and come up with a realistic valuation. Bouncing those price ratios to the pop ratios between grades is a good starting point for valuing a coin. Then comparing those numbers to retail guides or auction prices (CV or Rare Coin Market) can tighten it up even further. Blue sheet does serve a function.
roadrunner
<< <i>Does this imply that when you can see a coin in hand it is, on average, much nicer than coins you cant see. >>
It's sort of like you'd be willing to pay more for a call girl's services if you get to see her first....
K S
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Where in this country are slabbed coins being sold UNSEEN? >>
FACTS/Certified Coin Exchange, CoinNet, various other wholesale market-makers.