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<p>[QUOTE=&quot;Heliodromus, post: 8322911, member: 120820&quot;]I think you&#039;re in danger of a self-affirming tautology there ... if we define market price as the changing price point every time a buyer and seller meet, then of course there&#039;s a market price, and by definition coins always sell for market price, never bizarre prices! These become meaningless statements.</p><p><br /></p><p>Rather, I&#039;d say the very notion of market price really requires it to be predictable ahead of time (as in &quot;current market price is X&quot;), even if only as a range. In cases where prices are so unpredictable that you can&#039;t even define a meaningful range ahead of time, then it seems meaningless to talk about &quot;fair/market price&quot;.</p><p><br /></p><p>If something sells for well outside of an expected market price range, then at some point it seems reasonable to note that as &quot;bizarre&quot; if the discrepancy is large enough. If something sells for 5-10x expected market price, is that bizarre? To me, yes, YMMV.</p><p><br /></p><p>Your belief that a price should only be considered as &quot;bizarre&quot; if a near-identical item was available at time of sale for a much lower price seems unrealistic in the ancient coin market. For sure some ancient coins (e.g. Gordon III ants, perhaps) are almost commodity goods and we might expect to continually see near-identical specimens for sale, but most ancients are not like that.</p><p><br /></p><p>Finally, I don&#039;t think investopedia is the best source of market definitions relevant to the ancient coin market! Financial markets are characterized by identical commodity goods in constant supply, and constant demand, typically with market makers guaranteed to buy at a market price (point, not range!) they define. None of these really apply to ancient coins. More similar markets might be classic cars, fine art, etc.[/QUOTE]</p><p><br /></p>

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