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I've read your post a few times and I'm having a hard time following you. Your 1st point is that the value of a coin is determined by what it sells for. Agreed. But not on ebay? Why not? Is it worth only what a dealer will sell it for? My point is that what a dealer will sell a coin for is much more than what they will buy that same coin for, usually based on this buy low, sell high graysheet vs. retail pricing structure. If you're point is that only a dealer can or should make money in the coin business - buy low, sell high- and that the collectors have to suck it up and eat the difference, than my point is that collectors can buy low and sell high too, usually without any overhead except ebay fees. I am not rah-rah for ebay, and I would rather sell to and buy from local dealers, which I've done, but they sell for too much - usually based on these retail coin guides (CW, PCGS) that you seem to dismiss in favor of market based transaction prices, and they pay too little, usually based on graysheet. And if a dealer can get twice the price on ebay than over the counter, they'll be on ebay too, which they all are, sometimes in diguise. I'm not sure why you think I might be offended, except I could take you as saying I paid too much because I didn't know what I was doing, and now I 'm not happy taking graysheet prices. Well not only won't I sell at graysheet, but I don't have to. I bet dealers are more aware of ebay completed auction prices now, than on graysheet prices. I've got many examples, but I feel I've made my point.
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