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<p>[QUOTE=&quot;savitale, post: 8322646, member: 95284&quot;]I agree that ancient coins have a fair value, at least according to the definition of the term provided by <a href="https://www.investopedia.com/ask/answers/050115/what-difference-between-carrying-value-and-fair-value.asp" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.investopedia.com/ask/answers/050115/what-difference-between-carrying-value-and-fair-value.asp" rel="nofollow">Investopedia</a>.</p><p><br /></p><p><i>&quot;The fair value of an asset is usually determined by the market and agreed upon by a willing buyer and seller, and it can fluctuate often.&quot;</i></p><p><br /></p><p>I think with rare exception there are no bizarre auction prices. Now rare might mean 1 in 1000 so there could be an exception in every auction. But, assuming no shenanigans, in an auction there have two be at least two people who are willing pay that amount. The probability of collision of two highly ignorant and wealthy individuals is rare. </p><p><br /></p><p>The value is set by that coin, the buyers present, at that moment in time. To show that a price is bizarre I believe one would need to show that one could have purchased an equivalent or better coin at a much lower price from some venue that a reasonable person should have known about, such as the online stock of a major dealer. Note that &quot;equivalent or better&quot; doesn&#039;t include coins that are &quot;almost as nice&quot;, and &quot;at that moment in time&quot; implies the comparison must be available for purchase at the time of the auction.[/QUOTE]</p><p><br /></p>

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