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Question about Grey Sheet Bid/Ask price.
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<p>[QUOTE="cpm9ball, post: 857661, member: 24633"]Bama,</p><p> </p><p>There are two CDN Price Guides that dealers can use. The Greysheet is routinely used for sight-seen transactions, and the Bluesheet is used for sight-unseen purchases. </p><p> </p><p>Most dealers make sight-seen purchases somewhere back of Bid, and they hope they can sell it for somewhere close to retail which is usually above Ask, but they will often come down to somewhere between Bid and Ask and still make a profit. </p><p> </p><p>If a customer is looking for a certain coin that their dealer doesn't have, the dealer may contact other dealers to locate one. In many cases, they will refer to the Bluesheet to determine a suitable price to pay the other dealer. Bluesheet prices are generally lower than Greysheet prices. This will enable "your" dealer to make the purchase from another dealer, and complete the transaction with you at a price that will still give him a profit.</p><p> </p><p>I hope this makes sense.</p><p> </p><p>Chris[/QUOTE]</p><p><br /></p>
[QUOTE="cpm9ball, post: 857661, member: 24633"]Bama, There are two CDN Price Guides that dealers can use. The Greysheet is routinely used for sight-seen transactions, and the Bluesheet is used for sight-unseen purchases. Most dealers make sight-seen purchases somewhere back of Bid, and they hope they can sell it for somewhere close to retail which is usually above Ask, but they will often come down to somewhere between Bid and Ask and still make a profit. If a customer is looking for a certain coin that their dealer doesn't have, the dealer may contact other dealers to locate one. In many cases, they will refer to the Bluesheet to determine a suitable price to pay the other dealer. Bluesheet prices are generally lower than Greysheet prices. This will enable "your" dealer to make the purchase from another dealer, and complete the transaction with you at a price that will still give him a profit. I hope this makes sense. Chris[/QUOTE]
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