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<p>[QUOTE=&quot;GDJMSP, post: 8080648, member: 112&quot;]When it comes to what the real world value of a coin is - it doesn&#039;t belong in it at all, because the two things nothing to do with each other. That&#039;s the problem with that philosophy, that line of thinking - it simply isn&#039;t true. </p><p><br /></p><p>There are more examples of this than one can count. Take a counterfeit coin for example. Say a person sees the coin offered for sale, auction or straight up sale it doesn&#039;t matter. But the coin is a counterfeit and he simply doesn&#039;t know it, so he pays, let&#039;s just say a $100 for the coin. Does that make the coin actually worth $100 ? Of course not, because it just isn&#039;t. Nobody else who is knowledgeable and knows coins would buy the coin at all, so there&#039;s no way it&#039;s worth $100 just because somebody paid that much for it.</p><p><br /></p><p>Same line of reasoning applies to any coin. It can be a coin that&#039;s over-graded, it can be a coin that&#039;s misattributed, it can be a problem coin, it can be an excessively common coin, it can literally be any coin. And what any 1 person, or 2, or 3 pay for it does not establish the real world value of that coin.</p><p><br /></p><p>The real world value of any coin is what a knowledgeable buyer, or a group of knowledgeable buyers, will pay for it. And it&#039;s not a fixed price, it&#039;s not any single number, it&#039;s a price range. And even the price range can change because value changes, fluctuates, based on circumstances and conditions at the time.</p><p><br /></p><p>But if you&#039;re willing to pay X dollars for a coin and no knowledgeable buyer or buyers will, then the coin simply isn&#039;t worth that much in the real world. And the price that knowledgeable buyers will pay is and always has been established by the electronic dealer market. And the electronic dealer market has existed since the days of ticker tape.[/QUOTE]</p><p><br /></p>

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