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<p>[QUOTE=&quot;Cherd, post: 8165153, member: 24754&quot;]In the end, when it comes to collectables, this IS the way to determine how much something is worth. At the time anyway.</p><p><br /></p><p>If working with a normal budget, and interested in paying a price that won&#039;t hurt you in the end, then making decisions based on previous sales and trends is the appropriate thing to do. But, when it comes to the variety of people that you are describing, this type of logic probably doesn&#039;t apply.</p><p><br /></p><p>The type of person that you are describing decides which coin that they want, and then bids whatever is needed to get it. They can do this because they have so much money that they don&#039;t care about the money. In fact, they probably want the coin to cost more, because ultimately it is the price tag that determines whether a coin is or is not worthy of their collection.</p><p><br /></p><p>There are people out there with 1000X more money than the rest of us. Imagine that $1000 coin that you&#039;d like to have. If, instead of $1000, it sold in the $1 range, would you not be willing to bump it up to $2 or $3 or even $10 to get the one you wanted with your current budget? That&#039;s exactly what these people are doing, except that their frame of reference is shifted by 3 orders of magnitude.</p><p><br /></p><p>It is useful to notice when this type of thing happens because you don&#039;t want your perspective on value to get skewed by millionaires throwing stacks of cash around with reckless abandon. However, the prices will be what they are, we just have to evaluate and deal with it.[/QUOTE]</p><p><br /></p>

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