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The Coin Dealer Newsletter - The Greysheet - is it good for pricing?
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<p>[QUOTE="coinsforeveryone, post: 1996503, member: 72408"]Hi Medorman - thanks for the reply! I disagree regarding raw vs slabbed - they are not only a benefit to those who do not know how to grade because even if you "know what you are doing" regarding grading coins there is still much subjectivity in it and you may believe a coin to be an MS63 but if you go to sell it and can't find a buyer that agrees - you gotta go get it slabbed and that costs money, time AND could very well come back an MS62 etc. If you feel confident in your grading abilities to buy a coin and keep it in your personal collection (rather than for resell) than it does not matter because the only one you have to convince of that grade is yourself. If slabbed coins only benefitted those who dont know how to grade - it wouldn't be a multi-million dollar industry.</p><p><br /></p><p>Also - the greysheet is not like the red book or other price guides as its supposed to be a very trusted source for pricing coins for buying AND selling - for dealers and it comes out weekly - not a shot in the dark average. CDN says themselves that their bid price is high end pricing a dealer will pay (but then they also say its wholesale). CDN charges quite a bit of money for their pricing sheets and should be held to a higher standard.</p><p><br /></p><p>Coin sales have changed dramatically with the rising popularity of auction sites where collectors and dealers can sell and buy on the same platforms most notably like ebay. I think maybe the CDN was a safe guide for dealers to use but has maybe perhaps become outdated. I simply want to know others opinions on the greysheet and if they've ever ran into a problem where it was over-pricing a coin and you went maybe 20% back of bid to be safe and then found out you broke even at best.[/QUOTE]</p><p><br /></p>
[QUOTE="coinsforeveryone, post: 1996503, member: 72408"]Hi Medorman - thanks for the reply! I disagree regarding raw vs slabbed - they are not only a benefit to those who do not know how to grade because even if you "know what you are doing" regarding grading coins there is still much subjectivity in it and you may believe a coin to be an MS63 but if you go to sell it and can't find a buyer that agrees - you gotta go get it slabbed and that costs money, time AND could very well come back an MS62 etc. If you feel confident in your grading abilities to buy a coin and keep it in your personal collection (rather than for resell) than it does not matter because the only one you have to convince of that grade is yourself. If slabbed coins only benefitted those who dont know how to grade - it wouldn't be a multi-million dollar industry. Also - the greysheet is not like the red book or other price guides as its supposed to be a very trusted source for pricing coins for buying AND selling - for dealers and it comes out weekly - not a shot in the dark average. CDN says themselves that their bid price is high end pricing a dealer will pay (but then they also say its wholesale). CDN charges quite a bit of money for their pricing sheets and should be held to a higher standard. Coin sales have changed dramatically with the rising popularity of auction sites where collectors and dealers can sell and buy on the same platforms most notably like ebay. I think maybe the CDN was a safe guide for dealers to use but has maybe perhaps become outdated. I simply want to know others opinions on the greysheet and if they've ever ran into a problem where it was over-pricing a coin and you went maybe 20% back of bid to be safe and then found out you broke even at best.[/QUOTE]
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