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The Coin Dealer Newsletter - The Greysheet - is it good for pricing?
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<p>[QUOTE="coinsforeveryone, post: 1996471, member: 72408"]When you read on the greysheet website (coin dealer) it says that it is wholesale pricing. I've gotten several of their subscriptions and I gotta say - I dont know anywhere that coins are selling for these prices. They are either too low but mostly just way too high on the semi-key and key date coins. I compared several coins to auctions on ebay and prices realized on well known auctions sites (such as heritage) for prices paid including the buyer's premium and if someone paid those prices just to even try to make a 10% profit they would lose money. </p><p><br /></p><p>Just 2 Examples:</p><p><br /></p><p>Greysheet September 2014 says an 1893-S Morgan Silver Dollar in VG BIDS at $2,500 and Asks at $2,700. Looking at auctions though It looks like on major auction sites even with buyer's premium it sells for under 2,500 and on ebay if you got 2500 before fees you are doing well.</p><p><br /></p><p>Greysheet September 2014 says a 1909-S VDB Lincoln Cent Red-Brown (key date for series) Bids at $1,350 and Asks at $1,475. Again, looking at auctions for MS63RB for the past few months - sellers are netting (after fees) less than $1,300 so how can a dealer pay $1,350 ever? </p><p><br /></p><p>Also - greysheet is not even for graded/certified coins. Who could possibly pay that kind of money for raw coins that they are personally grading as such?</p><p><br /></p><p><br /></p><p>I'm pretty frustrated about this and want to know anyone else's experience. How can they say they are wholesale prices when I just havent seen that to be true.[/QUOTE]</p><p><br /></p>
[QUOTE="coinsforeveryone, post: 1996471, member: 72408"]When you read on the greysheet website (coin dealer) it says that it is wholesale pricing. I've gotten several of their subscriptions and I gotta say - I dont know anywhere that coins are selling for these prices. They are either too low but mostly just way too high on the semi-key and key date coins. I compared several coins to auctions on ebay and prices realized on well known auctions sites (such as heritage) for prices paid including the buyer's premium and if someone paid those prices just to even try to make a 10% profit they would lose money. Just 2 Examples: Greysheet September 2014 says an 1893-S Morgan Silver Dollar in VG BIDS at $2,500 and Asks at $2,700. Looking at auctions though It looks like on major auction sites even with buyer's premium it sells for under 2,500 and on ebay if you got 2500 before fees you are doing well. Greysheet September 2014 says a 1909-S VDB Lincoln Cent Red-Brown (key date for series) Bids at $1,350 and Asks at $1,475. Again, looking at auctions for MS63RB for the past few months - sellers are netting (after fees) less than $1,300 so how can a dealer pay $1,350 ever? Also - greysheet is not even for graded/certified coins. Who could possibly pay that kind of money for raw coins that they are personally grading as such? I'm pretty frustrated about this and want to know anyone else's experience. How can they say they are wholesale prices when I just havent seen that to be true.[/QUOTE]
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