Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
Are Greysheet Prices Accurate?
>
Reply to Thread
Message:
<p>[QUOTE="C G Memminger, post: 2008515, member: 71506"]The sheets are tools, nothing more. I think they are fairly accurate for most of the coins reported. My biggest complaint is that the sheets do not break out certain varieties of die pairing variations. For example, consider the 1880-CC Morgan. Sheet will give bid/ask only for the 80-CC and the 80-CC R78. They do not report for the 80/79 overstrike (VAM 4), the 8/7 overstrikes (VAM 5, 6, 7 and 7A). Check eBay results for these coins. These are all Top 100 VAMS, and absolutely command premiums over other die pairings.</p><p><br /></p><p>Dealers are merchants, and like most merchants, they tend to buy at one price (wholesale) and sell at a higher price. Some coins yield thin margins, so dealers need to move a lot of them. Some coins are tough sells, and will sit in inventory for months and months. A dealer will naturally want a higher spread on these guys.</p><p><br /></p><p>Like any other profession, there are reputable dealers and rapscallions. I deal with some excellent people and have a list of jerks I with whom I will not do business.</p><p><br /></p><p>The biggest show in my area is The Houston Money Show in December. I've had a table there 2010-2013. Show opens to public at 1pm on Thursday. In the 2-3 hour span of time before the doors open, the volume of dealer-dealer transactions would boggle your mind. These transactions go off at or a little back of sheet. In that 3 hour span, I will do as much biz as I will do over the next 3 days with the public.</p><p><br /></p><p>As a buyer, you want to be sniffing around eBay, craigslist, estate sales. The more people who know you trade coins, the better. My business card (I'm a lawyer) includes "Rare Coin & Currency Dealer." I LOVE it when a colleague refers me a client neding to unload a box full of goodies!![/QUOTE]</p><p><br /></p>
[QUOTE="C G Memminger, post: 2008515, member: 71506"]The sheets are tools, nothing more. I think they are fairly accurate for most of the coins reported. My biggest complaint is that the sheets do not break out certain varieties of die pairing variations. For example, consider the 1880-CC Morgan. Sheet will give bid/ask only for the 80-CC and the 80-CC R78. They do not report for the 80/79 overstrike (VAM 4), the 8/7 overstrikes (VAM 5, 6, 7 and 7A). Check eBay results for these coins. These are all Top 100 VAMS, and absolutely command premiums over other die pairings. Dealers are merchants, and like most merchants, they tend to buy at one price (wholesale) and sell at a higher price. Some coins yield thin margins, so dealers need to move a lot of them. Some coins are tough sells, and will sit in inventory for months and months. A dealer will naturally want a higher spread on these guys. Like any other profession, there are reputable dealers and rapscallions. I deal with some excellent people and have a list of jerks I with whom I will not do business. The biggest show in my area is The Houston Money Show in December. I've had a table there 2010-2013. Show opens to public at 1pm on Thursday. In the 2-3 hour span of time before the doors open, the volume of dealer-dealer transactions would boggle your mind. These transactions go off at or a little back of sheet. In that 3 hour span, I will do as much biz as I will do over the next 3 days with the public. As a buyer, you want to be sniffing around eBay, craigslist, estate sales. The more people who know you trade coins, the better. My business card (I'm a lawyer) includes "Rare Coin & Currency Dealer." I LOVE it when a colleague refers me a client neding to unload a box full of goodies!![/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
Are Greysheet Prices Accurate?
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...