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<p>[QUOTE=&quot;jolumoga, post: 1643239, member: 41780&quot;]I think many newbies who are guided to the Gray Sheet may be led to the wrong path.&nbsp; Call me a skeptic, but I believe many of the most popular coins can be had at prices below so-called wholesale prices.&nbsp; Of course, the Grey Sheet is a bible of sorts for coin dealers, and no doubt they want the prices listed on it for their coins.&nbsp; But I think the internet has undermined the traditional brick-and-mortar coin dealerships, and continues to pose a significant threat to them, even as the hobby spreads to more people with the rising price of precious metals.</p><p><br /></p><p>I think eBay is a decent gauge of market prices, but the trick to being an intelligent buyer is to wait for opportunities <i>below</i> the market value.&nbsp; For example, many eBay bidders overpay for generic Morgan dollars, but an intelligent eBay bidder can wait for deals to pop up that are mysteriously neglected by others (of course verifying the history and legitimacy of the sellers as well).&nbsp; Recently, I picked up an NGC-slabbed 1880-S Morgan dollar MS-62 (with a blazing cartwheel) for about $51.50 total.&nbsp; While some may denigrate an MS-62 Morgan, I doubt the Grey Sheet price would compete with that price.&nbsp; Also, this type of purchase is very typical for me when aiming for a specific date or type of popular coin.&nbsp; Even the local coin dealer would probably charge at least $5-10 more.&nbsp; Apmex also offers occasional deals on popular and relatively rare issues that greatly undercut the Grey Sheet prices.&nbsp; On the other hand, with foreign or less popular coins, I may be more likely to pay the market price or maybe higher due to a less liquid market, if I must really have a coin.&nbsp; </p><p><br /></p><p>So, in addition to eBay, I factor in Apmex, which I consider a de facto coin exchange, given their volume of business.&nbsp; I also personally like the prices listed at Ngccoin.com.&nbsp; I find its website to have a decent, if not perfect, reading of the marketplace.[/QUOTE]</p><p><br /></p>

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