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[bzcollektor]

"Let's say you have a coin that normally sells for $100. But you manage to sell the coin on ebay for $150. Does that make this coin worth $150 ? No it does not. It only means that someone who didn't know any better paid $150 for it."

Quote from GDJ

Absolute Horse S*** nonsense...........

Moderator or not.....

Yes, YES that makes that coin worth EXACTLY worth the $150 paid for it on ebay.

You make the false assumption that someome "who didn`t know any better" paid $150 for a "so-called" $100 coin.

REALLY?

HOW do you know this person "didn`t know any better"? Perhaps this person has been an astute collector/investor, that saw a bargain on ebay. Never mind what the greysheet bid or redbook says it is "worth" this week. Or this year. He saw something perhaps that has future value, and was willning to pay accordingly. I do it all the time. I also "steal" cheap items WAY under graysheet on ebay. All the time. Does that mean that the seller "didn`t know any better"? Other bidders "didn`t know any better"?

Your thinking on this baffles me. I have probably been around at least as long as you have. Perhaps some bids on ebay have something to do with newbies. If newbies always overbid, we should all be rich. If 50 newbies always bid $265 for all the 1938-D walkers in VF, than that is what they are worth. If 10 newbies bid an average of $135, then that`s the price. 1938-D Walkers are available by the thousands. Some other coins by type and date do not come up that often. Prices are what the are. Perhaps that $100 coin that sold for $150 is especially clean, and scratch, and ding free. Well worth the $150.

To claim that a" $100 coin" that happens to sell for $150 is due to someone that doesn`t know any better is ludicrous......