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<p>[QUOTE=&quot;GDJMSP, post: 1885680, member: 112&quot;]The values listed in the Greysheet are the current market prices that knowledgeable people are willing to pay for a given coin. And that most definitely is what determines the present value of a given coin. What you have to understand is that it&#039;s not the Greysheet itself that determines the value, the Grey sheet merely reports the prices that knowledgeable people are willing to pay - actual Bids and Asks for a given coin.</p><p><br /></p><p><br /></p><p><br /></p><p>No, it isn&#039;t false at all. The thing that determines the value of a coin is what a knowledgeable buyer (people who know what they are doing) is willing to pay for it - not what uneducated people (people who don&#039;t know what they are doing) are willing to pay for it. Knowledgeable people know what the current, acceptable market price range is, and that is all they will pay. Uneducated people do not so they often end up paying too much, more than it is worth. </p><p><br /></p><p>What&#039;s a significant number of people - 10, 100, 1000 ? What if there are 2000 or 3000 who will only pay half or three quarters of what that 1000 paid ? Is the coin still worth what the 1000 paid ?</p><p><br /></p><p>Like it or not, be willing to believe it or not, the baseline for the value of any coin is set by the Greysheet. It has been that way for over 50 years and it is still that way.</p><p><br /></p><p><br /></p><p><br /></p><p>As I said in the beginning, and as you are saying now, being slabbed only makes it easier to sell. It does not add $1 worth of value. Liquidity and value are two different things, not the same thing. </p><p><br /></p><p>But yes you are right with your last comment. The vast majority will opt for the graded example. Do you know why ? Because they don&#039;t know what they are doing and so they must rely on the opinion of others. Knowledgeable people, educated people do not need the opinion of others. In point of fact they ignore whatever the slab says and look at the coin as if it were raw. That is the very meaning of buy the coin - not the slab. And that is why a coin raw or slabbed is worth the same amount.</p><p><br /></p><p><br /></p><p><br /></p><p>Yes, value does depend on the perception of the consumer. But there are two different types of consumers, educated consumers and uneducated consumers. And if the uneducated consumers pay too much for something, that doesn&#039;t make it suddenly worth more. It only means that they paid too much.[/QUOTE]</p><p><br /></p>

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