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We're not talking about a coin that a buyer recognizes as some rare variety or error, because if it was then it would be worth more and the buyer would be making an astute purchase based on his knowledge. We are talking about a coin that can be readily purchased for $100.
You're certainly entitled to your opinion, but regardless of what you pay for a coin, it's only worth what you can readily sell it for to a knowledgeable buyer.
Now I ask you - what earlthly reason could a knowledgeable buyer have for paying 50% more than a coin is worth ? Even in the case of a buyer who needs just this one coin to complete his set - if he can go to any shop and buy it for $100 - why would he pay $150 ?
But if the buyer is not knowledgeable - what then ? What about all the coins sold on the TV shows, they're no different than ebay - are they worth what the buyers paid for them ? And realize, by worth I mean what you or I, or any other knowledgeable buyer would pay for the same coins.
So, if you find that ludicrous - OK.
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