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Foley, AL Coin Show Report JAN 19-20
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<p>[QUOTE="Juan Blanco, post: 1629718, member: 41665"]Not quite, Doug. The reason I didn't understand what he meant is because I cannot read minds. </p><p><br /></p><p>I read the OP clearly, literally, and I know perfectly well what bid/ask are. The OP <i>never </i>mentioned Greysheets or "Bid" (to infer, as you do) what was omitted. He did write this, contrary to your inference: <i>"there are a few good dealers there; a few “hobbyists” and <b>about half are what I would consider “Flea Market dealers”.</b> <b>Needless to say, there was a lot of junk on the floor!" </b></i></p><p><i><b><br /></b></i></p><p><i><b></b></i>Given subscription cost, I <i>very much doubt </i>Greysheets would be universally employed/referenced by flea mkt dealers who might only offer a few coins of very low quality. And that explains the "silly bids" he received, too.</p><p><br /></p><p>But thanks for the long explanation: it was informative and confirms the near uselessness of Greysheet's Weekly/Monthly "Bid" (as well as "Ask") to peg <i>market-price</i>.[/QUOTE]</p><p><br /></p>
[QUOTE="Juan Blanco, post: 1629718, member: 41665"]Not quite, Doug. The reason I didn't understand what he meant is because I cannot read minds. I read the OP clearly, literally, and I know perfectly well what bid/ask are. The OP [I]never [/I]mentioned Greysheets or "Bid" (to infer, as you do) what was omitted. He did write this, contrary to your inference: [I]"there are a few good dealers there; a few “hobbyists” and [B]about half are what I would consider “Flea Market dealers”.[/B] [B]Needless to say, there was a lot of junk on the floor!" [/B][/I]Given subscription cost, I [I]very much doubt [/I]Greysheets would be universally employed/referenced by flea mkt dealers who might only offer a few coins of very low quality. And that explains the "silly bids" he received, too. But thanks for the long explanation: it was informative and confirms the near uselessness of Greysheet's Weekly/Monthly "Bid" (as well as "Ask") to peg [I]market-price[/I].[/QUOTE]
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Foley, AL Coin Show Report JAN 19-20
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