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Message:: [QUOTE="GDJMSP, post: 679262, member: 112"]While I understand all too well what you are saying, I have always had a problem with that idea. Why ? Just because some individual is willing to pay 5 or 10 times what anybody else has paid or would pay for the same item, that doesn't mean that that given item is worth that much. Say you have a coin in a given grade that you can find 100 auction realized prices for - every one of them is within $30 of the same price, say $100. Now all of a sudden some guy comes along and pays $350 for one of those coins. And no, there is nothing special about this example. It's not spectacularly toned or some rare variety. There is nothing special about it. Now just because that guy did that - that doesn't mean all those other coins are now worth $350. They are still worth right around the same $100 they were before. And that's my point about "it's worth whatever somebody will pay for it". It isn't. It's worth what it usually sells for and that's all. Some idiot or some impassioned collector over-paying for a coin does not make it worth that much. I've said this time and time again. Take one of those coins the huckersters sell on TV. They sell thousands of them for $20 each. Would you pay $20 for one of them ? No of course not. Why ? Because you know it isn't worth that much. But a whole lot of somebodies paid that much for them. See what I mean ?[/QUOTE]