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<p>[QUOTE="mikenoodle, post: 2008484, member: 307"]The best way to find out is to actually buy a coin in the grade that you desire and THEN compare your price to greysheet.</p><p><br /></p><p>The operative word in price guide is "guide". It is an approximation given at a specific point in time, but understand that the specific point used is in the past and therefore no longer valid.</p><p><br /></p><p>If all coins in a grade of VG-8 were exactly the same, then a price guide might work better, but they're not. In fact, no two coins are exactly alike and so even the grade is an approximation of it's state of preservation.</p><p><br /></p><p>The price on ANY given coin will depend on the specific coin and the market for that specific coin at that particular point in time. It will vary from buyer to buyer and from seller to seller.</p><p><br /></p><p>In your example, the dealer told you what he paid and asked for a 10% profit. If you ask me, he disclosed more information than most will. It is then your choice to buy or to walk away. You wonder if he was being misleading, but you have given absolutely no reason for anyone to think he might have been other than the fact that you think he wanted (in your opinion), too much for the coin. I wonder if you're suspicious of everyone you do business with, or only those that seem want too much money. If you want a better price, then find the same coin somewhere else at the price you desire and don't worry about this dealer. Until you are able to make an actual purchase at the price you think is fair, don't cast aspersions and do more legwork.</p><p><br /></p><p>Long story short, sometimes the guide is misleading or even wrong. I have yet to see anyone buy a coin from the publishers of greysheet.[/QUOTE]</p><p><br /></p>
[QUOTE="mikenoodle, post: 2008484, member: 307"]The best way to find out is to actually buy a coin in the grade that you desire and THEN compare your price to greysheet. The operative word in price guide is "guide". It is an approximation given at a specific point in time, but understand that the specific point used is in the past and therefore no longer valid. If all coins in a grade of VG-8 were exactly the same, then a price guide might work better, but they're not. In fact, no two coins are exactly alike and so even the grade is an approximation of it's state of preservation. The price on ANY given coin will depend on the specific coin and the market for that specific coin at that particular point in time. It will vary from buyer to buyer and from seller to seller. In your example, the dealer told you what he paid and asked for a 10% profit. If you ask me, he disclosed more information than most will. It is then your choice to buy or to walk away. You wonder if he was being misleading, but you have given absolutely no reason for anyone to think he might have been other than the fact that you think he wanted (in your opinion), too much for the coin. I wonder if you're suspicious of everyone you do business with, or only those that seem want too much money. If you want a better price, then find the same coin somewhere else at the price you desire and don't worry about this dealer. Until you are able to make an actual purchase at the price you think is fair, don't cast aspersions and do more legwork. Long story short, sometimes the guide is misleading or even wrong. I have yet to see anyone buy a coin from the publishers of greysheet.[/QUOTE]
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