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<p>[QUOTE=&quot;GDJMSP, post: 1512793, member: 112&quot;]No, they don&#039;t. The Grey Sheet doesn&#039;t use the average of anything to come up with their prices. And they come up with new prices every week.</p><p><br /></p><p>GS Bid - is the current highest bid being offered by a single dealer on the electronic dealer networks. (those bids can change by the day)</p><p><br /></p><p>GS Ask - is the single lowest asking price by a single dealer on the electronic dealer networks. (those asks can change by the day)</p><p><br /></p><p><br /></p><p><br /></p><p>Yes it is a guide. But not in the same sense that other guides are guides. Other price guides are nowhere near reality, none of them. The Grey Sheet is reality. It sets/establishes prices that coins are actually bought and sold at every day.</p><p><br /></p><p>The way it is a guide is this - the Grey Sheet prices are&nbsp; based on sight seen coins (and ONLY sight seen coins) that are average for the grade, (the coins can be raw or slabbed).</p><p><br /></p><p>But as everyone knows, or should know, not all coins of any given grade are equal. Some MS64 coins are a lot nicer than others, some are not as nice as others, and some are average. Those that are nicer will sell for a higher price than that listed in the Grey Sheet. Those that are not as nice will sell for less than that listed in the Grey Sheet. And those that are average will sell for same price as that listed in the Grey Sheet.</p><p><br /></p><p>Absolutely nobody that knows anything about coins will buy or sell coins based on any other price guide - besides the Grey Sheet.[/QUOTE]</p><p><br /></p>

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