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<p>[QUOTE=&quot;ToughCOINS, post: 1774736, member: 20480&quot;]Don&#039;t lose sight of a few very important things . . .</p><ul> <li>Major auctions are attended and / or participated in only by a limited segment of the market, typically those willing to spend a thousand dollars or more on the traveling expense alone, and that&#039;s before even buying any coins.&nbsp; Most of those are dealers who will subsequently sell those coins to end users paying additional profit on top of the dealer&#039;s investment.&nbsp; Therefore, be careful not to assume that auction prices realized necessarily represent the high price in the market . . . often it is even higher.</li> <li>There are just as many overzealous bidders paying too much for the wrong coins at major auctions as there are savvy buyers who pay the right prices for coins outside of major auctions.&nbsp; Prices realized at major auctions are most certainly not the only reliable source for pricing information.&nbsp; I referenced that information in my prior post because it is easy for others to research for themselves, and confirm my claims.</li> <li>As are all price guides, Grey Sheet is merely a guide.&nbsp; It is published based on surveying the transaction results submitted by a select few dealers of the large number in the marketplace, and often poorly reflects the actual market.&nbsp; As you implied, for sight-seen, generic dates in generic condition for the grade, Grey Sheet is a usable resource . . . in fact probably remains the best resource, but only for those coins.</li> </ul><p>- Mike at toughcoins.com[/QUOTE]</p><p><br /></p>

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