How about that Grey Sheet

[wheat'swheats]

The last heritage auction has now passed. I bid what I thought were strong bids on eight cents that I wanted, I got one. When I first started buying at auction, several years ago, it seems that occasionally I got a lot or two close to bid or at least "ask". Now my bids are nowhere near the grey sheet and in a lot of cases I am not even in the ball park with the few I am trying to get, and once the "juice" is added I am not even in the same city as the ballpark. Now the announcement that the "juice" is 17.5%. Are the rest of you seeing this trend?

Wheat

[AnkurJ]

Greysheet is not accurate for many coins. Nothing new. I haven't had a subscription for over 6 months.

[JStull]

Of all the published price guides out there, Grey Sheet is a bit more accurate with their published Bid and Ask prices as they come out monthly as opposed to annually like Red Book, and other annual price guides.

 

With that said, I agree with AnkurJ that Grey Sheet has it's inaccuracies like the annual guides do; however, it can help you decide how high you want to bid on an auction, by giving you a low and high price for a coin.

 

I use it for coin show purchases and eBay BIN listings, rather than online auctions, or in person auctions.

[BillJones]

I think that the Gray Sheet "bid" for Type II Liberty twenty gold pieces is too high. I bought the MS-63 which I have posted here for almost $2,000 below "bid" including the buyers' fee. From what I can see the coin has often sold for less than "bid" on several occasions Therefore I don't know what that "bid" really represents for that coin. As for the 1857-C gold dollar I bought in EF-45, I basically paid the Gray Sheet AU-50 price.

 

Many coins are bringing a lot more than the Gray Sheet levels, and I've had to pay over those levels for the really nice coins I've over the past couple of years. In fairness a lot of the coins I've purchased are scarce to rare and unusual. From what I understand the number of transactions that make up the Gray Sheet estimates are based on trades that rarely happened for the tough stuff.

 

[BillJones]

Greysheet is not accurate for many coins. Nothing new. I haven't had a subscription for over 6 months.

 

I would subscribe if I were you. Sure, you might not be able to buy anything but "widgets" for the prices published, but if you see a dealer wanting double, triple or quadruple "bid" for something that does not "sing, dance and turn your head" it's probably a trap. Even if it does do all of those things, it can still be a trap. The Gray Sheet gives you a base from whcih to work.

[wheat'swheats]

Greysheet is not accurate for many coins. Nothing new. I haven't had a subscription for over 6 months.

 

I would subscribe if I were you. Sure, you might not be able to buy anything but "widgets" for the prices published, but if you see a dealer wanting double, triple or quadruple "bid" for something that does not "sing, dance and turn your head" it's probably a trap. Even if it does do all of those things, it can still be a trap. The Gray Sheet gives you a base from whcih to work.

I do subscribe and have for years, but it is like you said prices for the tough stuff is so far above grey sheet bid that it is unreal.

wheat

 

 

[Walkerfan]

I agree that the graysheet is a good base guide and is useful---I keep a current one on hand most of the time.

 

But it is VERY understated in as far as prices go----especially for the 'GOOD' stuff.

 

I think that I paid substantially above graysheet ask for almost all of the last 5-10 auctions that I have won.

 

Sometimes, I look at the gray sheet and I laugh while saying 'if only I could get this stuff for this cheap!!'

[e1cnr]

unless you are buying and selling daily, I would just download a copy every few months - they usually do not change very fast

[AnkurJ]

I have one of each from November. Other than bullion, it remains pretty much the same.