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<p>[QUOTE=&quot;GDJMSP, post: 2852136, member: 112&quot;]Actually it is, here&#039;s why.</p><p><br /></p><p>You can pick almost any coin you want that is sold on ebay, and then if you check you&#039;ll usually find out that the same coin came grade same TPG sold for less money on Heritage or one of the other auction houses. And, if you look enough you&#039;ll find that you could have bought the same coin from a dealer for less than it sold for on ebay.</p><p><br /></p><p>So, if as you say, that a coin is worth whatever somebody will pay for it, how could what I just said above be true ? Answer, it couldn&#039;t be true. </p><p><br /></p><p>So why does a coin sell for more on ebay ? Because most of the buyers there are not knowledgeable enough to know what the coin is truly worth, so they overpay for the coin. And if they overpay for the coin then what they paid is not what the coin is truly worth.</p><p><br /></p><p>Another example, let&#039;s say a seller on ebay offers a counterfeit as a genuine coin. He may not even know it&#039;s a counterfeit and he offers it. Somebody buys that coin and they pay what would be a fair price for a genuine coin. </p><p><br /></p><p>So does that make that counterfeit coin actually worth that much ? Of course it doesn&#039;t. But by your definition - a coin is worth whatever somebody will pay for it - that&#039;s what it is worth. </p><p><br /></p><p>However, by my definition, a coin is worth what a knowledgeable person will pay for it - still stands true. For a knowledgeable person would never buy it to begin with because they knew it was a counterfeit. </p><p><br /></p><p>A knowledgeable person knows the market, they know what any given coin in any grade is worth. They also know how to grade accurately, and they know how to authenticate the coin. But your average collector does not because the average collector is not knowledgeable.</p><p><br /></p><p>And the same thing is true of all things in life, not just coins. It can diamonds, guns, cars and trucks, literally anything and everything. The average person does not know what things are truly worth and so they routinely overpay for them. But a knowledgeable person in that field does, and they do not overpay for them - they pay what they are truly worth.[/QUOTE]</p><p><br /></p>

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