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<p>[QUOTE=&quot;Nerva, post: 2780764, member: 87761&quot;]Talk of over- or under- paying needs specifying. The equilibrium price is the equilibrium price. No willing buyer has &#039;overpaid&#039; in this context. The point is rather that equilibrium price might be lower than the buyer would have been willing to pay, or higher than the seller would have been willing to accept, creating a surplus for one party. Unlike many markets, you can&#039;t just make more authentic coins. But rising prices might tempt more people to sell. One wrinkle in art and collectibles markets is the concept of an anchor price. If a coin used to sell for 1k and now it sells for less, people will in practice be unwilling to sell for the new price. That makes prices sticky on the way down. How many dealers will sell for less than they paid? They might still be making a loss after costs, but the price paid is still a powerful anchor.[/QUOTE]</p><p><br /></p>

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