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<p>[QUOTE=&quot;GDJMSP, post: 1774779, member: 112&quot;]It comes down to the difference between educated buyers and uneducated buyers. An educated buyer will only pay so much for a given coin. An uneducated buyer will more often than not pay too much for that given coin.</p><p>&nbsp;</p><p>People always ask - what is the value of a coin ? The answer is not the highest price ever paid. Several reasons for that, not the least of which among them is that prices can vary greatly, by 100-200% even in either direction, at given points in time. The value of any given coin is what an educated buyer will pay for that coin at the present time.</p><p>&nbsp;</p><p>Another reason is that somebody who knows little about coins may pay say $500 for a given coin. It happens every day. But take that same exact coin, offer it to 10 or 20 educated collectors and or 10 or 20 dealers the very next day and the best any of of them will pay is $200. What is that coin worth, $500 or $200 ? It&#039;s worth $200.</p><p>&nbsp;</p><p>There are literally hundreds of thousands of examples on ebay of people buying coins in any of the scam slabbers slabs and paying outrageous prices for them. Is even of those coins actually worth that much ? No, of course not. There are thousands and thousands more examples of people buying obvious fakes and counterfeits, altered coins, problem coins, etc etc - are any of those coins actually worth what was paid ? No, of course not.</p><p>&nbsp;</p><p>The same holds true for any uneducated buyer paying too much for a any given coin, anywhere at any time.</p><p>&nbsp;</p><p>A coin is only worth what an educated buyer will pay for it, at any given time.[/QUOTE]</p><p><br /></p>

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