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<p>[QUOTE=&quot;GDJMSP, post: 1070287, member: 112&quot;]No the idea is not flawed. The reason it is not flawed is this. Any item purchased on ebay at whatever price - if it is truly worth that much then the owner should be able to readily sell it for the same amount. But fact is he can&#039;t most of the time because he over-paid for it.</p><p><br /></p><p>Think of it this way - for the first 4 hours that the stock market is open stock ABC continuously trades at 31.10. Then in early afternoon some buyer pops up and puts in an order for the stock at 32. He immediately gets all the shares he wants at that price. But the very next sale of that same stock, just 1 minute later sells for 31.10.</p><p><br /></p><p>Now - was the stock worth 32 ? No, of course not. It was worth 31.10 which was proved by the previous sale and the next sale after the trade at 32.</p><p><br /></p><p>The exact same thing happens with coins every day. You&#039;ll have 10-100 buyers willing to pay $387 for a given coin in a given grade. But along comes some guy on ebay and he pays $500 for the coin. But that doesn&#039;t mean the coin is worth $500 because the very coin of the same grade is sold for $387 again.</p><p><br /></p><p>Do you think the Grey Sheet is based on what stuff sells for on ebay ? No, of course not. Why not ? For the very same reasons I have described above. The Grey Sheet is used by knowledgeable sellers and knowledgeable buyers to conduct business on a daily basis. And the prices on the Grey Sheet only change when those very same buyers and sellers agree as a group that the prices should change.</p><p><br /></p><p>That&#039;s the point - it requires a large group of knowledgeable people to agree that a coin is worth a given amount for that coin to actually be worth that amount. One or two people on ebay thinking is worth more, and paying more - means absolutely nothing.</p><p><br /></p><p>If a coin is worth a given amount, then you can readily sell it for that amount. If you can&#039;t - then it isn&#039;t ![/QUOTE]</p><p><br /></p>

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