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Bought the latest Greysheet: What is there to know?
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<p>[QUOTE="Vess1, post: 7787414, member: 13650"]The only reason I ask is because I've been to shows at various places and you make an offer on something and often times the dealer will say, "well let me check the greysheet" and then they find the coin and say best I can do is "X". Not having the greysheet myself I always wondered what the prices looked like that they're looking at.</p><p> It appears on a lot of things I"m looking at that the bluesheet listed prices are wholesale as it says and you just have to determine how much more than that you're willing to pay. So if the price is anywhere close to that number it's probably fair. If lower it's probably a great deal but probably not going to see that.</p><p><br /></p><p> As an example pick a 1904-O Morgan. A standard MS-66 is listed as $255 under both PCGS and NGC bluesheet within the greysheet magazine. They're selling for between 300 and 430 on ebay. </p><p> So if you go to a show and find one and offer $250, you're just wasting your breath. If you see one listed for $450 it better be one of the nicest ones you've ever seen. Without ebay fees at a show you could probably expect to pay around 300 to $350 for a nice one and maybe the dealer makes 50 to $100 on it. The guide is telling me they're not going to let one go for $260 and waste their time. That's narrowing down a reasonably expected price range on a given coin in a given grade.[/QUOTE]</p><p><br /></p>
[QUOTE="Vess1, post: 7787414, member: 13650"]The only reason I ask is because I've been to shows at various places and you make an offer on something and often times the dealer will say, "well let me check the greysheet" and then they find the coin and say best I can do is "X". Not having the greysheet myself I always wondered what the prices looked like that they're looking at. It appears on a lot of things I"m looking at that the bluesheet listed prices are wholesale as it says and you just have to determine how much more than that you're willing to pay. So if the price is anywhere close to that number it's probably fair. If lower it's probably a great deal but probably not going to see that. As an example pick a 1904-O Morgan. A standard MS-66 is listed as $255 under both PCGS and NGC bluesheet within the greysheet magazine. They're selling for between 300 and 430 on ebay. So if you go to a show and find one and offer $250, you're just wasting your breath. If you see one listed for $450 it better be one of the nicest ones you've ever seen. Without ebay fees at a show you could probably expect to pay around 300 to $350 for a nice one and maybe the dealer makes 50 to $100 on it. The guide is telling me they're not going to let one go for $260 and waste their time. That's narrowing down a reasonably expected price range on a given coin in a given grade.[/QUOTE]
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Bought the latest Greysheet: What is there to know?
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