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Speedy, Ill say the same thing to you: read what I said and answer accurately. I was not incorrect. When you buy real estate the sellers are REQUIRED to divulge all defects. I said they are REQUIRED to. This is CORRECT. I did not say they always divulge defects. I said they are REQUIRED to divulge defects. When you buy a loose coin on ebay, 50% or more of the photos suck. Even if the photo is good, so what! The seller says its an MS-63 for example, maybe I agree with the seller. But maybe three more sellers at the show, say its a slider when I go to sell the coin. If theres a big jump in price in the Ms grades of the coin, then its a screwed up hobby. There should not be sliders. The hobby should not provide the leeway for a seller to jack up the grade and earn the big price jump on the next grade. To me, that seems fraudulent. I stand by my opinion; Ebay needs severe government of auctions on loose coins. Hey, any of you in South Florida: if you go to the shows, you might know Ron, the guy who grew up in California and sold bullion. Ron has traveled overseas. He says in europe they have two or three grades; Poor, average, and mint. Thats the way it should be in the United States. AS FOR THE GREY SHEET: Speedy, I have to contradict you on the grey sheet. The grey sheet is wholesale AND retail. The grey sheet has a bid column and an ask column. The bid column is what the dealer will pay. The ask column is what the dealer will sell for. The grey sheet is the only price-guide. Its not like the car industry. With the automobile business, you have the blue-book, and the black-book. Blue-book is wholesale, AKA what the dealer will pay, and Black-book is what the dealer will sell on his lot for. We dont have two guides in the coin hobby. the grey sheet is it!! The grey sheet bid and ask. Bid is wholesale. Ask is Retail.
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