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<p>[QUOTE=&quot;Speedie, post: 1319530, member: 28064&quot;]Sage advice, and it should be a sticky for new collectors. I know it would have saved me from some mistakes when I was cutting my teeth, albeit inexpensive ones. I think that auction history in conjunction with an up-to-date greysheet sets decent parameters when considering new purchases.</p><p><br /></p><p>Case in point: I&#039;m working on a 12 piece gold type set and found a nice example of a Liberty $2 1/2 for what seemed like a decent price when looking at the PCGS and Numismedia guides. It was around $200 less than listed in those two ($850 vs $1,060 and $1,080 respectively). But...on further examination, the latest realized HA auction prices were even lower, and greysheet bid/ask was right in line with the HA prices ($610 - $650). Amusingly enough I found that the exact coin I was looking at had been bought by the seller at an HA auction less than 2 weeks ago for $200+ less than the asking price including BP. My powder stayed dry. Was it a fair retail price? Probably. But for type coins I&#039;m not looking to pay full retail when really nice examples can be had for much less.</p><p><br /></p><p>Edited to add: to clarify, I&#039;m referring to less esoteric coins when talking about using greysheet in conjunction with auction prices. For true rarities the auction prices are about all you have to go on, and even then there might not be much data available.[/QUOTE]</p><p><br /></p>

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