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Message:: [QUOTE="GDJMSP, post: 1290381, member: 112"]The underlined and bold sentence in your comments are where we disagree. It simply isn't true. In the first place, just because there is one person who is willing to pay $x.xx amount for a given coin; that does not mean that there is anyone else who is willing to pay that much for that coin. And if there isn't, then that coin is not worth that much and never was. It simply means that somebody over-paid for the the coin. Secondly, you do not know that the reason the buyer paid that much was because of his desire for the coin. Yes, that is one possible reason. But it is also possible that the buyer was an idiot and simply over-paid. THIS happens very, very often. The value of a coin, any coin, is established by what numerous people are willing to pay for it - not just 1 person. If a given coin commonly sells for a given amount (or within a given range), then THAT is the value of the coin. And the buyers need to be educated buyers, not bid-idiots on ebay. As further example to illustrate my point consider this. By your reasoning if a fake coin, or even a problem coin, sells for $800 on ebay - that coin is worth $800. But we both know that coin is not worth $800, it's only worth a fraction of that because it is a fake, or because it is a problem coin. No educated buyer would pay $800 for that coin. But a bid-idiot on ebay, or an uneducated buyer did. See what I mean ?[/QUOTE]