ok, a guy tells you Greysheet is the "New Retail" and you say..
Halfhunter06
Posts: 1,335 ✭✭✭
Thats Great! I will buy all of your coins at half greysheet, since as you said, "it is the new retail"!
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An authorized PCGS dealer, and a contributor to the Red Book.
<< <i>There are quite a few coins I would NOT want to buy at half of Greysheet bid. There are others for which I will pay 3x to 5x "Bid". >>
Well said.
The sheet is only a reference and in my opinion is for coins that just meet the grading criteria. For coins that meet the criteria and have stellar eye appeal, you need to just pony up.
Soo, I'd be happy to pay bid for a stellar coin and would ignore the others at half bid.
If you are in the business of buying coins for re-sale, youd best know the current market or you will loose, not only from paying too much, but missing a bargain as well.
JIm
I know several dealers who live and die by the greysheet and often miss out. I unloaded a ton of junk (unsaleable stuff) to one this am.
Experience the World through Numismatics...it's more than you can imagine.
The people that do retail generally don't say things like "greysheet is the new retail". But most dealers routinely sell various coins below sheet at various times. For example, I sold an accurately graded coin a couple of days ago at $1900, and Greysheet showed it at $2400. (BTW, it was graded by PCGS.)
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
<< <i>"....so buy it from the Greysheet." >>
Tom---The Greysheet doesn't buy or sell coins. They do, however, report the prices of dealers that do buy and sell coins.
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>Heres the problem guys... people who say "greysheet is the new retail" are they also putting that practice into coins they SELL?? >>
I sell lots of Coins at or below bid. As with anything , there are exceptions to any rule.
Lots of my customer's bring Greysheet with them when looking. It's a starting point on many a transaction.
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<< <i>"....so buy it from the Greysheet." >>
Tom---The Greysheet doesn't buy or sell coins. They do, however, report the prices of dealers that do buy and sell coins. >>
People are always telling us "But (insert price guide here) says that the price is (insert obsolete or irrelevant price here)!"
The correct coin dealer response is "So buy it from the (insert same price guide here)!"
Other people come in and say "Your price is too high! So-and-so on the other side of the town is only $XXXX!" We say "So buy it from him!" and the customer says "He doesn't have any."
The point is that neither the customer nor his price guide sets our price. We are happy to entertain respectful counteroffers, but we do not allow people to tell us how to run our business.
TD
It may be hideous, but if price is your primary consideration maybe that doesn't matter.
WS
I am a buyer....
I give away money. I collect money.
I don’t love money . I do love the Lord God.
"Pardon me sir, but your Grey Poupon™ has given me the GreySheets, have you anything with which to wipe ? "
``https://ebay.us/m/KxolR5
<< <i>
<< <i>
<< <i>"....so buy it from the Greysheet." >>
Tom---The Greysheet doesn't buy or sell coins. They do, however, report the prices of dealers that do buy and sell coins. >>
People are always telling us "But (insert price guide here) says that the price is (insert obsolete or irrelevant price here)!"
The correct coin dealer response is "So buy it from the (insert same price guide here)!"
Other people come in and say "Your price is too high! So-and-so on the other side of the town is only $XXXX!" We say "So buy it from him!" and the customer says "He doesn't have any." >>
The logical dealer response to this comment is "When I'm out of them, my price is much lower also!"
An authorized PCGS dealer, and a contributor to the Red Book.