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<p>[QUOTE="johnmilton, post: 11608738, member: 101855"]Most of the stuff that sells cheap is stuff most collectors don't want or will only buy at a discount.</p><p><br /></p><p>I don't know how it is now, but when I was a dealer, many collectors were married to the Greysheet. They won't pay any more than "bid" for most anything, and yet they expected to get the "bid" price for coins when they sold them. It doesn't take much perception to see the flaw in that logic.</p><p><br /></p><p>My experience with the Greysheet was that its prices fell into three ranges. Some prices were too high. That included balk circulated coins, like rolls of Indian cents in Good and circulated Buffalo Nickels. Many prices were accurate.</p><p><br /></p><p>For the really good coin, those "dealer buy prices" were "wish lists." For those coins, dealers dreamed of buying them at those prices because you could make an instant profit, but it almost never happened. Those items included early type coins, just about every large cent and most half cents, and no problem key date coins. You had to pay for those, and usually you had to pay more than "ask" if they were really nice for the grade.[/QUOTE]</p><p><br /></p>
[QUOTE="johnmilton, post: 11608738, member: 101855"]Most of the stuff that sells cheap is stuff most collectors don't want or will only buy at a discount. I don't know how it is now, but when I was a dealer, many collectors were married to the Greysheet. They won't pay any more than "bid" for most anything, and yet they expected to get the "bid" price for coins when they sold them. It doesn't take much perception to see the flaw in that logic. My experience with the Greysheet was that its prices fell into three ranges. Some prices were too high. That included balk circulated coins, like rolls of Indian cents in Good and circulated Buffalo Nickels. Many prices were accurate. For the really good coin, those "dealer buy prices" were "wish lists." For those coins, dealers dreamed of buying them at those prices because you could make an instant profit, but it almost never happened. Those items included early type coins, just about every large cent and most half cents, and no problem key date coins. You had to pay for those, and usually you had to pay more than "ask" if they were really nice for the grade.[/QUOTE]
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