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If they stopped producing the Greysheet tomorrow....

WaterSportWaterSport Posts: 6,917 ✭✭✭✭✭
in U.S. Coin Forum
Would it have any impact on the average Collector vs Dealer, or is a rag whose time has come???

WS
Proud recipient of the coveted PCGS Forum "You Suck" Award Thursday July 19, 2007 11:33 PM and December 30th, 2011 at 8:50 PM.

Comments

  • Bayard1908Bayard1908 Posts: 4,092 ✭✭✭✭
    I believe dealers are almost univerally dependent on the Greysheet. I find it quite useful myself.
  • lasvegasteddylasvegasteddy Posts: 10,432 ✭✭✭
    what's a greysheet or should i say am i missing something here?image
    everything in life is but merely on loan to us by our appreciation....lose your appreciation and see


  • lusterloverlusterlover Posts: 1,268 ✭✭✭✭
    does the Greysheet give a universal price or does it differentiate PCGS vs NGC? if it does, are the PCGS prices consistent with the PCGS price guide?
    pcgs.com/SetRegistry/half-cents/lincoln-cents-specialty-sets/lincoln-cents-basic-set-colorless-matte-proof-1909-1916/publishedset/102180
    https://pcgs.com/setregistry/showcase/2819
  • lusterloverlusterlover Posts: 1,268 ✭✭✭✭
    pcgs.com/SetRegistry/half-cents/lincoln-cents-specialty-sets/lincoln-cents-basic-set-colorless-matte-proof-1909-1916/publishedset/102180
    https://pcgs.com/setregistry/showcase/2819
  • coinpicturescoinpictures Posts: 5,345 ✭✭✭


    << <i>does the Greysheet give a universal price or does it differentiate PCGS vs NGC? if it does, are the PCGS prices consistent with the PCGS price guide? >>



    Considering that PCGS itself doesn't compensate for downgraded coins based on its own price guide, it makes you wonder just how useful the "PCGS Price Guide" really is...

    Reminds me of dealers who buy based on Greysheet but sell based on Trends.
    Numismotography

    1/2 Cents

    U.S. Revenue Stamps

    image
  • AUandAGAUandAG Posts: 24,932 ✭✭✭✭✭
    I've never seen a Greysheet. I guess I would not miss it.

    bob
    Registry: CC lowballs (boblindstrom), bobinvegas1989@yahoo.com
  • MrEurekaMrEureka Posts: 24,416 ✭✭✭✭✭
    I think the Graysheet does a tremendous amount more to narrow spreads and facilitate commerce. If it disappeared without a replacement, you would be astounded at the results.
    Andy Lustig

    Doggedly collecting coins of the Central American Republic.

    Visit the Society of US Pattern Collectors at USPatterns.com.
  • DennisHDennisH Posts: 14,010 ✭✭✭✭✭


    << <i>I think the Graysheet does a tremendous amount more to narrow spreads and facilitate commerce. If it disappeared without a replacement, you would be astounded at the results. >>


    I agree.
    When in doubt, don't.
  • lusterloverlusterlover Posts: 1,268 ✭✭✭✭
    <<Reminds me of dealers who buy based on Greysheet but sell based on Trends.>>

    What is Trends? I've also heard people refer to "Coin Values". How many price guides are out there? Can an average Joe like me see them? What is the most widely accepted?
    pcgs.com/SetRegistry/half-cents/lincoln-cents-specialty-sets/lincoln-cents-basic-set-colorless-matte-proof-1909-1916/publishedset/102180
    https://pcgs.com/setregistry/showcase/2819
  • lasvegasteddylasvegasteddy Posts: 10,432 ✭✭✭
    prices realized indicate trends nicely....heritage/teletrade/ebay seem to set a calibur that common joes can use fine
    everything in life is but merely on loan to us by our appreciation....lose your appreciation and see


  • coinnuttiuscoinnuttius Posts: 547
    Same as it was before greysheet.
    Coinborg: Your distinctive coins will be added to my collection.
    BS&T image : kryptonitecomics, PCcoins (2x), Spoon (7x), Coppercolor, Preussen (2x), Filamcoins, agentjim007, CB2597, DCW, 1960NYGiants
    Ebay: + <waitin'> NEG: Chameleoncoins
    NonBST/Ebay: image Rick's Coins
    WTB: Toners, BU Darkside, Sovs & 20 Mark, LMU/SMU Gold.
  • GriptionGription Posts: 228


    << <i>

    << <i>I think the Graysheet does a tremendous amount more to narrow spreads and facilitate commerce. If it disappeared without a replacement, you would be astounded at the results. >>


    I agree. >>



    me too

    that thing is law, i don't even know what i'd go to if it disappeared...... but it's been around since the 60's hasn't it? i don't see it going anywhere......
  • GriptionGription Posts: 228


    << <i>it makes you wonder just how useful the "PCGS Price Guide" really is... >>



    that thing is 'uproarious', almost worthless to me
  • dohdoh Posts: 6,457 ✭✭✭
    The majority of dealers wouldn't know how to buy coins anymore. A ship without a rudder!!
    Positive BST transactions with: too many names to list! 36 at last count.
  • messydeskmessydesk Posts: 20,299 ✭✭✭✭✭
    The average dealer depends heavily on the Greysheet. The above average dealer knows where it's right and wrong, because he researches other sources of pricing as well, including auction prices realized. The same holds for collectors. An astute collector can turn the greysheet against an average dealer in series in which he has done more thorough pricing research. If the Greysheet went away, one of the retail guides would take its place, and dealers would have to figure out buy/sell spreads themselves. Many would be overwhelmed by this.
    John
    Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
  • GriptionGription Posts: 228


    << <i>other sources of pricing as well, including auction prices realized. >>



    there ya go, completed auctions are 'LAW' - the real world no matter what anything in print says. guides are guides..
  • PTVETTERPTVETTER Posts: 6,024 ✭✭✭✭✭
    The greysheet is a guide not a bible! It should be used as a dealer to dealer tool. There is a difference between wholesale (dealer to dealer) and retail. Then again very nice rare coins have NO price guide! they are in a market all buy them selves. A good dealer and collector will use a number of sources to determine a price.
    Pat Vetter,Mercury Dime registry set,1938 Proof set registry,Pat & BJ Coins:724-325-7211


  • shorecollshorecoll Posts: 5,447 ✭✭✭✭✭
    Trends is CoinWorld. Also check Numismedia online.
    ANA-LM, NBS, EAC
  • mozinmozin Posts: 8,755 ✭✭✭
    For Bust series coins I think the Greysheet is useless. image
    I collect Capped Bust series by variety in PCGS AU/MS grades.
  • orevilleoreville Posts: 12,144 ✭✭✭✭✭
    Trends is actually the old term Coin World used before they changed the name to Coin Values.

    I
    A Collectors Universe poster since 1997!
  • UnknownUnknown
    This content has been removed.
  • droopyddroopyd Posts: 5,381 ✭✭✭


    << <i>Reminds me of dealers who buy based on Greysheet but sell based on Trends. >>



    You mean... there are dealers who don't do this?
    Me at the Springfield coin show:
    image
    60 years into this hobby and I'm still working on my Lincoln set!
  • FrankcoinsFrankcoins Posts: 4,571 ✭✭✭


    << <i>

    Reminds me of dealers who buy based on Greysheet but sell based on Trends. >>



    Isn't that normal to for a "dealer" to buy at wholesale and sell at retail? Especially if they pay their taxes and
    have employees and pay $400 or so a month for a seat on the coin exchange...little things like that?
    Frank Provasek - PCGS Authorized Dealer, Life Member ANA, Member TNA. www.frankcoins.com
  • commoncents123commoncents123 Posts: 2,648 ✭
    What's the current greysheet price on a VF30 1807 CBH?
  • seateddimeseateddime Posts: 6,180 ✭✭✭
    for the seated world, nothing happens
    I seldom check PM's but do check emails often jason@seated.org

    Buying top quality Seated Dimes in Gem BU and Proof.

    Buying great coins - monster eye appeal only.
  • coinpicturescoinpictures Posts: 5,345 ✭✭✭


    << <i>

    << <i>

    Reminds me of dealers who buy based on Greysheet but sell based on Trends. >>



    Isn't that normal to for a "dealer" to buy at wholesale and sell at retail? Especially if they pay their taxes and
    have employees and pay $400 or so a month for a seat on the coin exchange...little things like that? >>



    I should have been clearer: Dealer buys at 15-20% back of Greysheet (not full Greysheet bid) for just the reasons you outline above, but then after customer leaves, prices based on a retail guide. It's lowballing, secretive, and smarmy. I don't begrudge a dealer the bid-ask spread or even buying a percentage back in order to make room, but using one guide when buying and another for selling, and not doing it openly, is in my opinion intentionally trying to put one over people (whether it's lowballing buys or gouging on sells).

    I have infinitely more respect for a dealer that uses the same guide when buying and selling, and is candid about the spread and the reasons why. There are far too many dealers playing games, IMO.

    *shrug*

    Part of any collectibles business I suppose, but it's still a pet peeve.
    Numismotography

    1/2 Cents

    U.S. Revenue Stamps

    image
  • Halfhunter06Halfhunter06 Posts: 1,332 ✭✭✭
    to be honest, ive found Coin Prices to be very reliable when it comes to buying coins

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