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Bought the latest Greysheet: What is there to know?
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<p>[QUOTE="GDJMSP, post: 7788745, member: 112"]Perhaps you do already, but based on your comment I want to make sure you understand things correctly.</p><p><br /></p><p>It used to be, <u>stress used to be</u>, that prices listed in the Grey Sheet were wholesale, which is defined as what one dealer would sell a coin for to another dealer. But there was an additional caveat that went along with that - those prices were for <u>sight seen</u> coins. And sight seen is defined as held in your hand so you could see them in person !</p><p><br /></p><p>However, with the Blue Sheet this was not the case. Prices listed in the Blue Sheet were for <u>sight unseen</u> coins. And sight unseen is defined as coins you cannot hold in your hand to examine it in person. You know the TPG, you know the grade, and you might or might not get to see a picture. But even if you can see a picture, that is still considered sight unseen. This and this alone is why the Blue Sheet prices are always lower than Grey Sheet prices ! And price are lower because of the additional risks you run by buying a coin, any coin, you cannot see in hand ! Higher risk = lower price !</p><p><br /></p><p>All of that said, the difference between Grey Sheet and Blue Sheet is still the same - sight seen vs sight unseen.</p><p><br /></p><p>However, the prices listed in both are no longer valid, or real world if you prefer the term, wholesale prices. This is because all of the prices listed any CDN publication <u>are no longer based</u> on the Bid/Ask of the current electronic dealer market. And the electronic dealer market is what establishes real world wholesale prices - for both sight seen and sight unseen coins !</p><p><br /></p><p>In today's world, any and all prices listed in any CDN publication are based on opinion - just like all other price guides.</p><p><br /></p><p>Because of that, it is my opinion, that the CDN is just as worthless all other price guides.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 7788745, member: 112"]Perhaps you do already, but based on your comment I want to make sure you understand things correctly. It used to be, [U]stress used to be[/U], that prices listed in the Grey Sheet were wholesale, which is defined as what one dealer would sell a coin for to another dealer. But there was an additional caveat that went along with that - those prices were for [U]sight seen[/U] coins. And sight seen is defined as held in your hand so you could see them in person ! However, with the Blue Sheet this was not the case. Prices listed in the Blue Sheet were for [U]sight unseen[/U] coins. And sight unseen is defined as coins you cannot hold in your hand to examine it in person. You know the TPG, you know the grade, and you might or might not get to see a picture. But even if you can see a picture, that is still considered sight unseen. This and this alone is why the Blue Sheet prices are always lower than Grey Sheet prices ! And price are lower because of the additional risks you run by buying a coin, any coin, you cannot see in hand ! Higher risk = lower price ! All of that said, the difference between Grey Sheet and Blue Sheet is still the same - sight seen vs sight unseen. However, the prices listed in both are no longer valid, or real world if you prefer the term, wholesale prices. This is because all of the prices listed any CDN publication [U]are no longer based[/U] on the Bid/Ask of the current electronic dealer market. And the electronic dealer market is what establishes real world wholesale prices - for both sight seen and sight unseen coins ! In today's world, any and all prices listed in any CDN publication are based on opinion - just like all other price guides. Because of that, it is my opinion, that the CDN is just as worthless all other price guides.[/QUOTE]
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