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<p>[QUOTE=&quot;GDJMSP, post: 1357091, member: 112&quot;]Yes, you&#039;re right. But as I tried to explain, the Grey Sheet is used as a starting point for value when people are looking at putting a bid on a coin - but only as a starting point. That&#039;s because Grey Sheet values are for <u>average for the grade</u> coins. </p><p><br /></p><p>If the person looking at the coin thinks the coin is low for the grade, then he will place a bid below Grey Sheet value.</p><p><br /></p><p>If the person looking at the coin thinks the coin is high for the grade, then he will place a bid above Grey Sheet value.</p><p><br /></p><p>That is why realized prices are so significant. Realized prices reflect the opinions, of the people bidding, about the grade assigned by the TPG. And since many of those people have seen the coins in hand, while you only get to look at pictures, it is often wise to add credence to the opinions of those who did the bidding.[/QUOTE]</p><p><br /></p>

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