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<p>[QUOTE=&quot;GDJMSP, post: 718367, member: 112&quot;]Dave my point is this. Probably 75% of the people buying coins on ebay have no clue what they are doing - none. And if they don&#039;t know what they are doing - then how can they possibly know what something is worth, or how much to pay for it ?</p><p><br /></p><p>Don&#039;t believe me ? Take a look sometime at how many people buy all those coins in SGS slabs. Then add all those buying coins in all of the other bottom tier grading company slabs. Then add all of the people buying all those obvious fakes, altered coins and harshly cleaned coins for outrageous prices. Of course I could push the limits and mention the grilled cheese sandwich that some idiot paid something like $28,000 for it.</p><p><br /></p><p>And you still want to tell me that you want to use ebay prices as a guideline to establish the value of anything ?</p><p><br /></p><p>No my friend, if you want to use something as a guideline for prices, then use realized auction house prices. Typically, the people buying from them are educated. They know what the things are worth - and what they are not worth.</p><p><br /></p><p>Now yeah, you may be able to get a bit over spot for the coin from the right buyer. Heck you might get 10 times spot from some idiot on ebay. But that doesn&#039;t make the coin worth that. It only means there is some idiot willing to pay that much for something he knows nothing about. Kind of like the thousands of folks who pay $49.00 for 35 cents worth gold from the TV ads. Are those coins worth $49.00 ?[/QUOTE]</p><p><br /></p>

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