In the Coin Dealer Newsletter, ask prices are set as a small percentage over the bid price. (or the bid is set as a small percentage under the ask price).
When applied to circulated coins, and other fairly standard items, the bid/ask prices are usually accurate, meaningful and useful. When applied to mint state coins, especially Mint State and Proof 65, they can be somewhat misleading.
To today's average buyer an otherwise romantic and historical 1882-CC silver dollar in Uncirculated grade most likely represents an item with a bid and ask price, a brilliant, lustrous round disc which, it is hoped, will prove to be a good investment.
Spread
Represents the difference between Bid and Ask prices.
Troy Ounce
A unit of weight, equal to about 1.1 avoirdupois (ordinary) ounces. The word ounce when applied to gold, always refers to troy ounces.
Weekly periodical, commonly called the Greysheet, listing bid and ask prices for many United States coins.
coin friction
Term applied to the area resulting when coins rub together in rolls or bags and small amounts of metal are displaced.
Certified Coin Dealer Newsletter: a weekly publication that records dealer Bid and Ask prices for certified U.S. coins.
Certified Coin Exchange: an electronic system that allows dealers to trade in certified U.S. coins.
Coin Dealer Newsletter Weekly periodical, commonly called the Greysheet, listing bid and ask prices for many United States coins.
Bluesheet
Nickname for the Certified Coin Dealer Newsletter, The weekly price publication which reports current sight-unseen BID & ASK prices for NGC and PCGS certified coins. See also: GREYSHEET ...
In the past few years, several dealers have brought out pricing newsletters similar to the Coin Dealer Newsletter, which list their own bid and ask prices for selected coins. Two caveats should be noted: ...
Coins that are considered traps more times than not sell wholesale at steep discounts to the published bid and ask prices.
Rare coins carry an additional premium called numismatic value which is based on scarcity, quality, demand and intangible factors. This is generally seen as the difference between the Bid Price and the Ask Price of a particular precious metals ...
ask price - The price a dealer or trader is asking for a coin. Often used to indicate the "wholesale" asking price between dealers or on a coin trading network. assay - to determine the purity of the metal by scientific means.
 See also: Dealer, Collector, Grade, Grading, Ask
  
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