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<p>[QUOTE="ck1of2, post: 1815326, member: 57139"]I understand your point about a person being duped into purchasing a counterfeit piece, but most cases paying anything for a counterfeit piece is to much in my eyes. Although I do understand there is a small market for certain counterfeits and can demand some serious cash. </p><p><br /></p><p>As part of doing your research online and comparing comparable coin sales, you need to determine trends and weed out the outliers of the instances when someone will pay more than what the average trend for what a coins value to the majority of the coin collection community. </p><p><br /></p><p>What I guess I am trying to convey is what you may consider grossly overpaid may not be considered by others or even the one person who purchased the item. It all depends on what you can afford and how much you appreciate the item. If the coin in question is the last coin needed to complete a collection, and you pay more than going trend of the value of the coin, it was worth every penny to the collector. </p><p><br /></p><p>I have read similar threads were you describe this situation wonderfully and the message that I have received and has been helpful through my beginning learnings of this hobby is that all coins are not sold the same. There is this phenomenon that surrounds this hobby where you can't explain why a coin sold for the price it did and I think it goes back to my original message. I coin is worth whatever someone is willing to pay for it. </p><p><br /></p><p>I may be a misguided newbie, but I think this principle applies any situation where anyone is selling and buying.[/QUOTE]</p><p><br /></p>
[QUOTE="ck1of2, post: 1815326, member: 57139"]I understand your point about a person being duped into purchasing a counterfeit piece, but most cases paying anything for a counterfeit piece is to much in my eyes. Although I do understand there is a small market for certain counterfeits and can demand some serious cash. As part of doing your research online and comparing comparable coin sales, you need to determine trends and weed out the outliers of the instances when someone will pay more than what the average trend for what a coins value to the majority of the coin collection community. What I guess I am trying to convey is what you may consider grossly overpaid may not be considered by others or even the one person who purchased the item. It all depends on what you can afford and how much you appreciate the item. If the coin in question is the last coin needed to complete a collection, and you pay more than going trend of the value of the coin, it was worth every penny to the collector. I have read similar threads were you describe this situation wonderfully and the message that I have received and has been helpful through my beginning learnings of this hobby is that all coins are not sold the same. There is this phenomenon that surrounds this hobby where you can't explain why a coin sold for the price it did and I think it goes back to my original message. I coin is worth whatever someone is willing to pay for it. I may be a misguided newbie, but I think this principle applies any situation where anyone is selling and buying.[/QUOTE]
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