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<p>[QUOTE="Severus Alexander, post: 8323051, member: 84744"]There are many ways of being wrong. One way to be wrong is to choose a coin that is further away from fair market value than another... in that sense, it would be wrong to buy the NAC coin rather than mine - we agree on that. By contrast, if someone wants the finest coin, no matter the price; or if they have a minimum grade requirement which my coin doesn't meet, then buying my coin would be wrong.</p><p><br /></p><p>I think you're right, that ultimately we pretty much agree that fair market value exists, but you think individual prices are more likely to reflect that fair market value because you think individual auction circumstances are less variable/important than I do. It would take a rigorous scientific study to prove which one of us is right on that nuance!</p><p><br /></p><p>Another way we differ, I think, is that I'm rarely willing to buy something unless it's a really good deal (a bargain), whereas you're often willing to buy something if it's not a bad deal (severely overpriced). In other words I'm cheap and you're not. Which may explain why your collection is so much nicer than mine. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="Severus Alexander, post: 8323051, member: 84744"]There are many ways of being wrong. One way to be wrong is to choose a coin that is further away from fair market value than another... in that sense, it would be wrong to buy the NAC coin rather than mine - we agree on that. By contrast, if someone wants the finest coin, no matter the price; or if they have a minimum grade requirement which my coin doesn't meet, then buying my coin would be wrong. I think you're right, that ultimately we pretty much agree that fair market value exists, but you think individual prices are more likely to reflect that fair market value because you think individual auction circumstances are less variable/important than I do. It would take a rigorous scientific study to prove which one of us is right on that nuance! Another way we differ, I think, is that I'm rarely willing to buy something unless it's a really good deal (a bargain), whereas you're often willing to buy something if it's not a bad deal (severely overpriced). In other words I'm cheap and you're not. Which may explain why your collection is so much nicer than mine. :D[/QUOTE]
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