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<p>[QUOTE=&quot;silvermonger, post: 747150, member: 12490&quot;]graysheet prices are the <i>average</i> reported prices are they not? If only 2 sales of a 1892o MS63$ are reported that week, one coin at 500 and the other at 1300, the sheet reports 900 the average of all the coins reported sold.</p><p><br /></p><p>FWIW I paid whatever price was necessary the first two-three months of collecting dollars. Then I finally figured out the greysheet is the dealer wholesale price list and have since, many years, used it as a max for what I pay and it works well. I will go to the high end if I find a coin that speaks to me but no more. There is always an other Morgan. I sell surplus basically the same way. When I upgrade a coin, the one that then has to go doesnt have to bring a high price if I didnt have to pay a high price.</p><p>Speaking of greysheets, our local coinclub, where the average member age is something between retirement age and the grave, holds a 15 min member only auction after each meeting. Basically members dumping surplus. Look around the room during bidding and there will be 10-15 bidders with a greysheet and coin loupe checking highs and lows. LOL</p><p>Same situation on bourse night where each member sets up his &#039;might be for sale&#039; display. No serious haggling begins until both parties are armed with their reading specs and graysheet.[/QUOTE]</p><p><br /></p>

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