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<p>[QUOTE="Sholom, post: 783654, member: 17753"]With some segments of the market, I don't think you're terribly off base. I think a good number of auctions do in fact reflect a fair market price. On most of what I bid on -- I bid a bit under graysheet (after taking into account that the vagaries of grading -- i.e., discounting the raw coins because the seller usually grades a bit too optimistically), and I lose the auction because the winning price is a bit over graysheet. Sometimes more than a bit over. To me, that tells me that a good number of ebay sales do, in fact, reflect a fair market value -- with some overpaying, some underpaying.</p><p><br /></p><p>(Occasionally I win: because (a) I took a chance on a poor picture where I couldn't tell the grade; or (b) the auction ended at a bad time (10am on a Tuesday); or, (c) every once in a while, it seems to be overlooked and/or I got lucky and/or I musta computed something wrong and overpaid).[/QUOTE]</p><p><br /></p>
[QUOTE="Sholom, post: 783654, member: 17753"]With some segments of the market, I don't think you're terribly off base. I think a good number of auctions do in fact reflect a fair market price. On most of what I bid on -- I bid a bit under graysheet (after taking into account that the vagaries of grading -- i.e., discounting the raw coins because the seller usually grades a bit too optimistically), and I lose the auction because the winning price is a bit over graysheet. Sometimes more than a bit over. To me, that tells me that a good number of ebay sales do, in fact, reflect a fair market value -- with some overpaying, some underpaying. (Occasionally I win: because (a) I took a chance on a poor picture where I couldn't tell the grade; or (b) the auction ended at a bad time (10am on a Tuesday); or, (c) every once in a while, it seems to be overlooked and/or I got lucky and/or I musta computed something wrong and overpaid).[/QUOTE]
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