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<p>[QUOTE=&quot;GDJMSP, post: 1860904, member: 112&quot;]The Bid/Ask is pretty simple. There are several electronic dealer networks that many, if not most, of the dealers belong to and use. The Grey Sheet pulls the prices they list in their publications from those electronic networks.</p><p><br /></p><p>The way they work is this - a bunch of dealers will list coins they have for sale and they will list their own asking price - the Ask. Other dealers will be wanting to buy given coins and they will list their offering prices - the Bid.</p><p><br /></p><p>What the Grey Sheet does is go through all of the coins listed (the Asks), and all of the offers listed (the Bids) and they pick out the lowest individual Ask for any given coin, and they pick the highest individual Bid for any given coin - and those numbers are then what they, the Grey Sheet, publishes.</p><p><br /></p><p>Now that said, the prices listed in the Grey Sheet are for raw coins, and for slabbed coins. It doesn&#039;t matter if the coin is slabbed or not, it is worth same amount - contrary to what many people think.</p><p><br /></p><p>And, the prices listed are only, repeat only, for &quot;sight seen&quot; coins, meaning coins that are viewed in hand. </p><p><br /></p><p>And yes, you can find the coins listed at those prices or else they not be listed to begin with. And yes, you as a private individual/collector can join and make use of some of the electronic dealer networks so that you can buy or sell, at the same prices, just like the dealers do. But you have to pay the annual fees just like the dealers do.</p><p><br /></p><p>As for your comment about gold, common date/mint gold coins graded as high as MS63 are usually sold for a small premium (about 10%) over spot. This happens every single day, all day. So of course it is also true for any coins graded lower than that.[/QUOTE]</p><p><br /></p>

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