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The Coin Dealer Newsletter - The Greysheet - is it good for pricing?
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<p>[QUOTE="medoraman, post: 1996848, member: 26302"]But I thought they also rationalized data, meaning they threw out items they didn't consider indicative. You could be right about it simply being what you describe, but the point still would be no single data point will ever tell someone if their coin is a good or bad buy at that price, simply because every coin is unique. Every MS64 1884 O silver dollar is in some ways unique. So you can get into the ballpark, but a knowledgable collector will always pay more for a superior MS64 than an average or below average one. Good gosh, probably 30% or more MS64's out there I would never, ever agree are good enough to be graded that high, while others are fairly graded and rarely you get one that really should be a 65. None of this information can really ever be communicated in one price for MS64, right?</p><p><br /></p><p>So, buy and sell strictly on what the slab says and a CDN? Foolhardy at best. Buy and sell based on what the current CDN says and deep knowledge of the coin series? Not a bad plan. Again, its not the CDN that is the difference, its knowledge of coins and specifically deep knowledge of that particular coin series that is what is needed. Too many people want to be wheelers and dealers, not having to learn about coins and just work with numbers. With coins, its never that simple IMHO.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1996848, member: 26302"]But I thought they also rationalized data, meaning they threw out items they didn't consider indicative. You could be right about it simply being what you describe, but the point still would be no single data point will ever tell someone if their coin is a good or bad buy at that price, simply because every coin is unique. Every MS64 1884 O silver dollar is in some ways unique. So you can get into the ballpark, but a knowledgable collector will always pay more for a superior MS64 than an average or below average one. Good gosh, probably 30% or more MS64's out there I would never, ever agree are good enough to be graded that high, while others are fairly graded and rarely you get one that really should be a 65. None of this information can really ever be communicated in one price for MS64, right? So, buy and sell strictly on what the slab says and a CDN? Foolhardy at best. Buy and sell based on what the current CDN says and deep knowledge of the coin series? Not a bad plan. Again, its not the CDN that is the difference, its knowledge of coins and specifically deep knowledge of that particular coin series that is what is needed. Too many people want to be wheelers and dealers, not having to learn about coins and just work with numbers. With coins, its never that simple IMHO.[/QUOTE]
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