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<p>[QUOTE="coleguy, post: 1431885, member: 9167"]It was an exagerated example. If every dealer marked the price of their stock up even a few percentage points from this week's grey sheet, lets say a common large cent is listed as $60 in VF-30. The dealer marks it up to say $65. I'm assuming most dealers mark their coin up as well. So, if that $60 list is now selling at $65 on average, then wouldn't the reported sell price be $65, thus reflecting that on next weeks sheet? Next weeks sheet arrives and that same coin is now listed at $65, so the dealers raise their price to $70. So, after a very short time, the price escalates without end. I know this isn't how it works or even the most common of coins would be priced beyond our means. Not to mention, I can't think of a single dealer who has the time or patience to report every sold price every week to anyone, so where exactly do the numbers come from? I think they either have to come from auction records, or they're just as made up as the other price guides.</p><p>Guy[/QUOTE]</p><p><br /></p>
[QUOTE="coleguy, post: 1431885, member: 9167"]It was an exagerated example. If every dealer marked the price of their stock up even a few percentage points from this week's grey sheet, lets say a common large cent is listed as $60 in VF-30. The dealer marks it up to say $65. I'm assuming most dealers mark their coin up as well. So, if that $60 list is now selling at $65 on average, then wouldn't the reported sell price be $65, thus reflecting that on next weeks sheet? Next weeks sheet arrives and that same coin is now listed at $65, so the dealers raise their price to $70. So, after a very short time, the price escalates without end. I know this isn't how it works or even the most common of coins would be priced beyond our means. Not to mention, I can't think of a single dealer who has the time or patience to report every sold price every week to anyone, so where exactly do the numbers come from? I think they either have to come from auction records, or they're just as made up as the other price guides. Guy[/QUOTE]
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