do people who arent dealers subscribe and get grey sheets?? or is more geared towards dealers and regular collectors have no use for them??
You can subscribe easily, no need to be a dealer, just go to greysheet.com.....it's available to everyone
Yes; everyone is allowed to subscribe. It is geared toward dealers, but "regular collectors" can find them useful too. The problem arises when collectors start to believe they can purchase every coin for greysheet "bid."
True, the CDN is a dealer to dealer sheet, but in reality, it's pretty market accurate for any transaction. Times are tough, margins are gettin thin. Reminds me of an old blues song, " Tough Times "
Lots of collectors have subscriptions. BUT if your interest area is mostly after 1950, forget it. CDN doesn't include much of that stuff. It's really for dealers and collectors of earlier stuff. And a subscription isn't cheap. I have a monthly subscription. That's plenty good for me, and actually it's overkill. I probably only use 10-20% of the listings.
That's true for me too. Next time my subscription is up for renewal, I'm going to cancel it and change to buying a single set every now and then.
My girlfriend gave me a subscription to CDN last year. We did not renew. It was fun for a while but not worth a hundred bucks. When things were going smoothly the greysheet would arrive every Saturday. I would take it to coinshows the next day thus being on the same price page with most dealers. But there were numerous times when the greysheet wouldn't come on Saturday. It would arrive Monday or Tuesday and that was what made me decide not to renew.
I agree with you. I had a guy come to my table at the last monthly show. He asked why I was asking a certain price for a coin. I told him it was %5 above greysheet ask because of the quality of the strike. He then whips out his greysheet that he printed offline and basically said that he woud like to have the coin for %5 back of bid. I nearly laughed my a55 off. The funny thing was is that i was quote warned about this guy from the other dealers when he walked in. He walked away and went to the next table where he got into it with the next dealer trying to get really cheap deals. Finally after all of this I asked some of the other dealers who that guy was. They told me that he owns an antique store and basically marks up all of his coins 50 to 100% or more. OUCH
I am not a dealer and I subscribe to the Grey Sheet. I have it mailed to me because I like the hard copy. If you can't wait for it to be delivered you can opt to get it on-line.
Sure, everybody has 'em. Personally, I do the online style and print 'em out. That way I have hardcopy and a PDF on the disc. Understand this - coin pricing is an art, not a science. There is no definitive price guide anywhere. Greysheet is simply one more source of data for you to make an informed decision. Sometimes, greysheet prices are higher than retail. You can score for less than greysheet. The more frequently a given coin* trades, the more accurate greysheet tends to be - they have more "data points" to average in. As the sheet says, some issues trade very rarely. Those prices are more difficult to predict, and greysheet is less significant. Many coins can be had for greysheet ask. Modern proof sets can be had for dealer bid - or even below. Coin prices swing wildly for really exceptional specimens. Strong coins demand strong money. * examples - common date white Morgans in moderate grades, Lincolns, Buffalo 5c, etc. The staples.
An excellent point. At the coin shows I go to, some dealers advertise proof sets (1960s to present) at 20% back of bid. On the other hand, I tried to buy a bust quarter from a dealer about a month ago. I know him, he knows me, and we've done much buying and selling. He wanted 4 times bid.
