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<p>[QUOTE="IBetASilverDollar, post: 2694022, member: 85251"]How is it nonsense? It is basic economics. Just like any product, the exact same item can be worth more to one person than another. If an item is consistently selling for X amount that's a good idea of it's value. Unless you are referring to a sample size of one sale in which case I agree (refer to my post above saying there are outliers) the sale amount can be a terrible estimate either positively or negatively.</p><p><br /></p><p>Also like almost any product the vast majority of buyers are not knowledgeable, they still affect the price/value of the product. I'm not sure how buyers on ebay being unknowledgeable implies what they're willing to pay is not a good estimate of what a coin is worth. They are part of the market, their uneducated opinion on value counts. See the silver Krugerand sales.</p><p><br /></p><p>The problem with using ebay sales is when places like one of my LCS's selectively use ebay results. When you objectively look at past sales I'm not sure how that won't give you a good estimate of value.</p><p><br /></p><p>Unless we are arguing semantics and definitions of certain terms here.[/QUOTE]</p><p><br /></p>
[QUOTE="IBetASilverDollar, post: 2694022, member: 85251"]How is it nonsense? It is basic economics. Just like any product, the exact same item can be worth more to one person than another. If an item is consistently selling for X amount that's a good idea of it's value. Unless you are referring to a sample size of one sale in which case I agree (refer to my post above saying there are outliers) the sale amount can be a terrible estimate either positively or negatively. Also like almost any product the vast majority of buyers are not knowledgeable, they still affect the price/value of the product. I'm not sure how buyers on ebay being unknowledgeable implies what they're willing to pay is not a good estimate of what a coin is worth. They are part of the market, their uneducated opinion on value counts. See the silver Krugerand sales. The problem with using ebay sales is when places like one of my LCS's selectively use ebay results. When you objectively look at past sales I'm not sure how that won't give you a good estimate of value. Unless we are arguing semantics and definitions of certain terms here.[/QUOTE]
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