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The “New” Greysheet – Significant Contradiction?
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<p>[QUOTE="imrich, post: 2255436, member: 22331"]Well Stated/Inquired! I believe objective involved Numismatists realize that current "bid" quotes probably/generally are nebulous numbers without a standardized basis for derivation.</p><p><br /></p><p>If one received the 9/11/15 issue of "the COIN DEALER newsletter", they found the headline to be "NEW CHANGES IN STORE AT CDN".I believe the author proudly described his past 25 year efforts in evolving a single employee enterprise into a $30 million business, from which he was resigning "to report unbiased information".</p><p><br /></p><p>The qualifying statement at the bottom of the 9/11/15 CDN cover page stated: "Prices reported derive from the highest legitimate Bids and lowest legitimate Asks seen nationally". Also stated: "Bids reported .... include consideration of certification costs".</p><p><br /></p><p>The qualifying statement at the bottom of the 10/9/15 CDN cover page stated: "Prices reported are derived based on the expertise of the editors of this publication". The qualifying certification costs inclusion statement has been removed, while new seemingly nebulous statements have been inserted, including: "the prices indicated here represent coins at the higher end of the spectrum for the grade". What happened in the previous month to replace the "unbiased" reporting of the entire spectrum between "highest legitimate Bids and lowest legitimate Asks seen nationally"?</p><p><br /></p><p>The 9/11/15 CDN document reported both BID and ASK prices for pre-1933 "U.S.GOLD". The 10/9/15 document ceased reporting ASK prices for MS65 and above grades, and I believe, while the reported price of GOLD had increased between the two publications, the stated BID for Pre-1933 GEM Gold coins had appreciably decreased.</p><p><br /></p><p>I believe the commonly accepted definition of "NEWS" is: "a report of recent events". I wonder, if the CDN publication is "reporting" an opinion, something other than an objectively substantiated report from an independent source. The "report" may not be construed as "NEWS". I suggest that the CDN publication title might be changed from NEWSletter before a challenge (by current or potential subscribers?) may be initiated.</p><p><br /></p><p>JMHO[/QUOTE]</p><p><br /></p>
[QUOTE="imrich, post: 2255436, member: 22331"]Well Stated/Inquired! I believe objective involved Numismatists realize that current "bid" quotes probably/generally are nebulous numbers without a standardized basis for derivation. If one received the 9/11/15 issue of "the COIN DEALER newsletter", they found the headline to be "NEW CHANGES IN STORE AT CDN".I believe the author proudly described his past 25 year efforts in evolving a single employee enterprise into a $30 million business, from which he was resigning "to report unbiased information". The qualifying statement at the bottom of the 9/11/15 CDN cover page stated: "Prices reported derive from the highest legitimate Bids and lowest legitimate Asks seen nationally". Also stated: "Bids reported .... include consideration of certification costs". The qualifying statement at the bottom of the 10/9/15 CDN cover page stated: "Prices reported are derived based on the expertise of the editors of this publication". The qualifying certification costs inclusion statement has been removed, while new seemingly nebulous statements have been inserted, including: "the prices indicated here represent coins at the higher end of the spectrum for the grade". What happened in the previous month to replace the "unbiased" reporting of the entire spectrum between "highest legitimate Bids and lowest legitimate Asks seen nationally"? The 9/11/15 CDN document reported both BID and ASK prices for pre-1933 "U.S.GOLD". The 10/9/15 document ceased reporting ASK prices for MS65 and above grades, and I believe, while the reported price of GOLD had increased between the two publications, the stated BID for Pre-1933 GEM Gold coins had appreciably decreased. I believe the commonly accepted definition of "NEWS" is: "a report of recent events". I wonder, if the CDN publication is "reporting" an opinion, something other than an objectively substantiated report from an independent source. The "report" may not be construed as "NEWS". I suggest that the CDN publication title might be changed from NEWSletter before a challenge (by current or potential subscribers?) may be initiated. JMHO[/QUOTE]
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