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Message:: [QUOTE="Owle, post: 1963234, member: 22004"]Thanks for sharing.  On Bluesheet vs. Greysheet, one is sight unseen and the other is sight seen and good for grade.  So customers are glad to get coins at GS bid, but if you read the fine print all the GS prices are based on sight seen properly graded coins.  With raw coins you are dealing with a ? as it is hard to know what the current standard is and where that coin fits, so generous returns should be mandatory especially with raw coins over a certain value.  Type gold is very weak right now up to MS62, so collectors can be very picky. With the gem Morgan dollar cited, though those are very popular, they are not low population coins and if you look at auction figures you will see a large variation in pricing. Or check out the 1891 Morgan that bids around $7000 on GS but less than half that on BS.  On the 1866 $3 Gold AU58 PCGS a tough coin to sell unless the coin is special in quality.  The $3 gold coins are queer denominations like 2c cents and 3c nickels, etc., which do not have as many collectors as common coins.  How long is a dealer going to have to wait for the right buyer to come along. I don't really see GS and BS as on target in pricing, Heritage Auctions goes back 15 years and has much better price history records.  Dealers will usually not buy at auction pricing as they will already be behind when they go to sell.[/QUOTE]