Just got my first greysheet and notice not only different pricing than blue book but different premiums. For example, blue book for a good condition 1901 and 1901 S is 13.00 and 15.00. The greysheet bid for the same two coins is 15.00 and 25.00.That is 15% compared to 67%. Any idea which is more valid and why the two resources are so far apart?
I personally wouldn't go on whats either of them 100%, since the greysheet is printed more often than a bluebook, I would look into that first when doing transactions.
The Grey Sheet is a thousand times more accurate than the Blue Book. I don't even know why they bother to print the Blue Book. It hasn't ever been anywhere close to accurate since the first edition came out.
The Blue Book is a complete waste of money. Whatever faults the Greysheet has, which are many, there can be no comparison between the two.
Thank you for the tips. Is it a safe assumption that if one can acquire a coin properly graded near bid / ask prices you are doing well?
Not always. For some very commonly traded series such as Morgan dollars the Greysheet is quite accurate. For others, such as classic commems, the coins often sell at a discount to Greysheet. For yet others, such as mid-grade circulated Seated and Barber coinage, it is quite common for nice coins to sell at multiples of Greysheet. Knowledge is power.
