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<p>[QUOTE="Argenteus Fossil, post: 2008180, member: 71478"]I subscribed and purchased a few of the quarterly CDN's "greysheets". I have various price "guides" ranging from a red book, two years (2012 & 2014) of North American Coins Price Guide, a Blue Book, etc. I get different guides to get a feel for a spread of a certain coin. I feel this is part of "doing my homework" as I continue to learn about rare coins.</p><p><br /></p><p>My question, I attended a coin show. A dealer was claiming his PCGS AG03 1795 Large Cent was marked only 10% above what he paid @ around $300 and change. The ask price at the time in the greysheet was only $70. I walked away as I felt he was lying about his cost. I could not care less about his cost. I do not care if he paid $10 for the coin, I would pay a fair market value. I just felt he could not be trusted and I elect to not do business with people I feel are being deceptive. The coin had no real toning. It appeared to me to be an average, run of the mill, chocolate cent with heavy circulation. The dealer was unaware that I had a greysheet in my pocket and went on about how those coins never come back with a grade, etc... </p><p><br /></p><p>Was my feeling about him being misleading accurate? Would a dealer actually pay close to $300 for a coin that lists as $70 ASK? This occurred over the summer, I have just been thinking about this as of late.[/QUOTE]</p><p><br /></p>
[QUOTE="Argenteus Fossil, post: 2008180, member: 71478"]I subscribed and purchased a few of the quarterly CDN's "greysheets". I have various price "guides" ranging from a red book, two years (2012 & 2014) of North American Coins Price Guide, a Blue Book, etc. I get different guides to get a feel for a spread of a certain coin. I feel this is part of "doing my homework" as I continue to learn about rare coins. My question, I attended a coin show. A dealer was claiming his PCGS AG03 1795 Large Cent was marked only 10% above what he paid @ around $300 and change. The ask price at the time in the greysheet was only $70. I walked away as I felt he was lying about his cost. I could not care less about his cost. I do not care if he paid $10 for the coin, I would pay a fair market value. I just felt he could not be trusted and I elect to not do business with people I feel are being deceptive. The coin had no real toning. It appeared to me to be an average, run of the mill, chocolate cent with heavy circulation. The dealer was unaware that I had a greysheet in my pocket and went on about how those coins never come back with a grade, etc... Was my feeling about him being misleading accurate? Would a dealer actually pay close to $300 for a coin that lists as $70 ASK? This occurred over the summer, I have just been thinking about this as of late.[/QUOTE]
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