Message:

<p>[QUOTE=&quot;Cherd, post: 8509033, member: 24754&quot;]But the market doesn&#039;t move as a whole, sometimes some coins go up while some coins go down. Is it not possible that some people being perceived as overpaying might just be getting out in front of a market trend?</p><p><br /></p><p>As an example, the coin discussed in this episode is said to have been driven up by Japanese buyers that pay big money for particular grades on coins of these types. If there is a Japanese market based on these criteria, then that is what the coins are worth. (Whether anyone else thinks it&#039;s reasonable or not)</p><p><br /></p><p>People often distinguish between &quot;paying for the coin&quot; verses &quot;paying for the plastic&quot;, and there are some worthwhile lessons to be learned there. However, if coins with certain grades continuously sell for what are perceived to be absurd prices, then that is what those items are worth. Whether its based on the coin or the plastic, it doesn&#039;t change this fact.</p><p><br /></p><p>And then there are cases where a couple of ridiculously rich people want the same coin, and they are both willing to pay whatever it takes. They end up paying too much, and they&#039;ll probably admit that they paid too much, but are they idiots for having paid it? They got the coin and don&#039;t care about the money, so I&#039;d say not.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in