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<p>[QUOTE=&quot;AncientJoe, post: 8279430, member: 44357&quot;]I would caution against basing your valuations off of what is undoubtedly a bubble in the market and to instead look only at historic prices or the price you paid adjusted for inflation. </p><p><br /></p><p>A single auction record does not instantly increase the price of all other examples; quite the opposite: it means the buyer who was willing to pay the most no longer needs your coin. I often wait for new entrants to the hobby to &quot;clear the deck&quot; and get their examples of types I want, then buy a subsequent coin for a discount as they&#039;re no longer in the market for one.</p><p><br /></p><p>When buying a coin at auction, at that moment, you are the only person in the world who thinks the coin is worth that much. (Yes, some coins sometimes slip through the radar but most auctions are well attended)</p><p><br /></p><p>Realistically, we&#039;re all only temporary caretakers of our collections: it&#039;s important to ensure heirs have accurate and realistic expectations of valuation which take into account the transaction cost (auction house/dealer commission).</p><p><br /></p><p>It&#039;s equally important for insurance: an unsupported valuation can invalidate a policy so ensure there are adequate corroborating datapoints to establish a value in a sustainable way.</p><p><br /></p><p>Just my $0.02![/QUOTE]</p><p><br /></p>

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