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<p>[QUOTE=&quot;beef1020, post: 2446585, member: 24544&quot;]Right, and why isn&#039;t the price static?&nbsp; Generally because demand fluctuates.&nbsp; But we don&#039;t know that the demand has fluctuated until we see the price fluctuation.&nbsp; There in lies the problem with using &#039;demand&#039; as the denominator in any calculation, and more specifically using it to calculate &#039;what the price should be&#039;.&nbsp; We don&#039;t know, and can&#039;t find out, the true demand, thus we can&#039;t calculate what the true &#039;price&#039; should be.&nbsp; All we can say is given a certain price relative to another price that demand has changed.</p><p><br /></p><p>To your point about trying to underpay for a coin and trying to find the price so as to not overpay.&nbsp; How does calculating your ratio, with a huge error bar on demand, give you a more accurate picture of true value for a coin than past auction estimates?&nbsp; We are all in your boat.&nbsp; There are 40 coins coming up for auction this month that I am interested in buying and have been researching.&nbsp; I am trying to set my price on each coin.&nbsp; Given that extant numbers aren&#039;t really available, and mintage numbers aren&#039;t really available either, and certainly I have no idea how to estimate &#039;demand&#039;, I am looking at previous auction results to set a price.&nbsp; I could guess at all those other numbers and try to come up with a mathematical formula, but at the end of the day previous auction results are a much better guide because the price is already a function of supply and demand.[/QUOTE]</p><p><br /></p>

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