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<p>[QUOTE=&quot;Virginian, post: 3140846, member: 27579&quot;]You do understand &quot;elastic&quot; don&#039;t you?&nbsp; Did they teach you that in Econ-101? Or did you just fail to read my post.</p><p><br /></p><p>We are nowhere NEAR the point where we run into a total absence of supply.&nbsp; For example for 1909-s VDB cents there is more than enough supply (except **maybe** MS67?) to satisfy buyers anywhere near the current equilibrium points.&nbsp; At higher prices there are PLENTY of coins out there available to flood into the market and satiate demand along the curve.&nbsp; Therefore the markets for 1909-s VDB cents for each different grade approximates the supply/demand curve.</p><p><br /></p><p>But we don&#039;t even need supply and demand curves anyway.&nbsp; A price is &quot;too high&quot; when there are zero willing buyers at that price.&nbsp; Otherwise . . . it is just &quot;too high for you.&quot;[/QUOTE]</p><p><br /></p>

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