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<p>[QUOTE="princeofwaldo, post: 1590523, member: 24091"]A coin is worth whatever it will trade at. If 1938 Egyptian 100 Piastres are routinely trading for over $1,000 on eBay, then that's what they are worth regardless of whether other dealers will only buy them for $475. Or at least that's my take on it. Part of it has to do with the geographic reach of eBay and the ability of bidders in other countries who are willing to participate in the venue. In the case of Egypt, there are many bidders in Kuwait, Saudi Arabia, and other wealthy oil producing countries in the middle east who trust eBay and will only buy there by-passing the other traditional venues like Heritage. I speak from personal experience on that. If the same type coin sells multiple times at a level significantly higher than past results, then that is the new value of the coin. The real challenge, at least as a seller, is to pick the venue that will reach the most qualified buyers of a particular coin. And eBay, as much as I hate certain aspects about them, is able to do that with certain coins.[/QUOTE]</p><p><br /></p>
[QUOTE="princeofwaldo, post: 1590523, member: 24091"]A coin is worth whatever it will trade at. If 1938 Egyptian 100 Piastres are routinely trading for over $1,000 on eBay, then that's what they are worth regardless of whether other dealers will only buy them for $475. Or at least that's my take on it. Part of it has to do with the geographic reach of eBay and the ability of bidders in other countries who are willing to participate in the venue. In the case of Egypt, there are many bidders in Kuwait, Saudi Arabia, and other wealthy oil producing countries in the middle east who trust eBay and will only buy there by-passing the other traditional venues like Heritage. I speak from personal experience on that. If the same type coin sells multiple times at a level significantly higher than past results, then that is the new value of the coin. The real challenge, at least as a seller, is to pick the venue that will reach the most qualified buyers of a particular coin. And eBay, as much as I hate certain aspects about them, is able to do that with certain coins.[/QUOTE]
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