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<p>[QUOTE="Burton Strauss III, post: 2564364, member: 59677"]For years, the Greysheet prices were treated as ASK prices. BID - for common material - was 10% or so less than Greysheet price. That may not have been the intent, but that was the reality.</p><p><br /></p><p>If you succeed in changing the perception and don't adjust the prices, there would be a defacto increase in selling price. So arguably, decreasing prices is not a change in value. Cue gnashing of teeth, wailing, rending of garments...</p><p><br /></p><p><br /></p><p>But as a buyer, what should I expect?</p><p><br /></p><p>In determining what the price to the purchaser 'should' be, we need to add the markup - dealer's business costs, cost of capital, profit, etc. And so for less common material, where the dealer may have to hold the piece longer it would be reasonable to expect the spread to be larger.</p><p><br /></p><p><br /></p><p>John- we've corresponded on 3 cent silvers, business strikes, 1863-1872, which I still think you have undervalued. Since when I was in the market, I couldn't find any to buy, let alone at a price somehow related to GreySheet...</p><p><br /></p><p>For example, the 1870 3CS Three Cent Silver Piece business strike in XF 40. If I remember correctly, you still have that coin listed close to $700. So is a 50% markup reasonable?</p><p><br /></p><p>I come to that number because in the for-sale market place, there is one that I know of at $1,195.</p><p><br /></p><p>I know it's thinly traded, since before that - in the last two years - three new-to-market pieces traded hands in the 1150-1300 range. This fourth piece has languished on eBay for about six months. Fairly obviously the limited demand has been met.</p><p><br /></p><p>NGC census lists none in XF40 or XF45, PCGS has 4 XF40s and 8 XF45s.</p><p><br /></p><p>Heritage lists the following sales</p><p><br /></p><p>646.25 2013-06-08 XF45 PCGS CAC</p><p>402.50 2000-08-07 XF45 PCGS</p><p><br /></p><p>PCGS has a 2010-08 sale XF45 PCGS at $700.</p><p><br /></p><p>Is that six year old $700 sale where the BID price comes from?[/QUOTE]</p><p><br /></p>
[QUOTE="Burton Strauss III, post: 2564364, member: 59677"]For years, the Greysheet prices were treated as ASK prices. BID - for common material - was 10% or so less than Greysheet price. That may not have been the intent, but that was the reality. If you succeed in changing the perception and don't adjust the prices, there would be a defacto increase in selling price. So arguably, decreasing prices is not a change in value. Cue gnashing of teeth, wailing, rending of garments... But as a buyer, what should I expect? In determining what the price to the purchaser 'should' be, we need to add the markup - dealer's business costs, cost of capital, profit, etc. And so for less common material, where the dealer may have to hold the piece longer it would be reasonable to expect the spread to be larger. John- we've corresponded on 3 cent silvers, business strikes, 1863-1872, which I still think you have undervalued. Since when I was in the market, I couldn't find any to buy, let alone at a price somehow related to GreySheet... For example, the 1870 3CS Three Cent Silver Piece business strike in XF 40. If I remember correctly, you still have that coin listed close to $700. So is a 50% markup reasonable? I come to that number because in the for-sale market place, there is one that I know of at $1,195. I know it's thinly traded, since before that - in the last two years - three new-to-market pieces traded hands in the 1150-1300 range. This fourth piece has languished on eBay for about six months. Fairly obviously the limited demand has been met. NGC census lists none in XF40 or XF45, PCGS has 4 XF40s and 8 XF45s. Heritage lists the following sales 646.25 2013-06-08 XF45 PCGS CAC 402.50 2000-08-07 XF45 PCGS PCGS has a 2010-08 sale XF45 PCGS at $700. Is that six year old $700 sale where the BID price comes from?[/QUOTE]
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