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The Coin Dealer Newsletter - The Greysheet - is it good for pricing?
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<p>[QUOTE="coinsforeveryone, post: 1996895, member: 72408"]I agree whole heartedly. It's not even an average and it's also not "the highest price a dealer is willing to pay" for bid. I used the greysheet to price out a seated liberty quarter once (when I still believed it to be a reasonable guide like 3 years back) and I sold it for about 60% of it's value. I was really mad about it but more mad at myself for actually trusting it. What I use now mostly to price coins is prices realized from real auction sites and MOST IMPORTANTLY taking ALL the fees and buyer's premiums into account for the price as well. Auction sites like heritage add the buyer's premium to the SOLD number making it look much higher than it actual is. They charge buyers like a minimum of 15% and up to 20% on all their sale prices.[/QUOTE]</p><p><br /></p>
[QUOTE="coinsforeveryone, post: 1996895, member: 72408"]I agree whole heartedly. It's not even an average and it's also not "the highest price a dealer is willing to pay" for bid. I used the greysheet to price out a seated liberty quarter once (when I still believed it to be a reasonable guide like 3 years back) and I sold it for about 60% of it's value. I was really mad about it but more mad at myself for actually trusting it. What I use now mostly to price coins is prices realized from real auction sites and MOST IMPORTANTLY taking ALL the fees and buyer's premiums into account for the price as well. Auction sites like heritage add the buyer's premium to the SOLD number making it look much higher than it actual is. They charge buyers like a minimum of 15% and up to 20% on all their sale prices.[/QUOTE]
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