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Why would these go for so much?
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<p>[QUOTE="IBetASilverDollar, post: 2694053, member: 85251"]Remove the fake part since obviously I agree someone selling a fake coin as real is not a good example of value (again, it's an outlier) and say thousands of people buy a watch for $300 on ebay that is complete garbage and any serious/educated watch collector would laugh at anyone paying more than $10 for...yes that watch is still worth close to $300 because the market is, whether rightfully or not, allowing for it to sell for that.</p><p><br /></p><p>Now long term value is a different story. That garbage $300 watch will be worth pennies in the future, that doesn't change it's current value being what the idiots are willing to pay for it (not just one idiot in an isolated sale, but consistent idiots). Similarly with a coin, like my example of the Silver Krugerand. I think you would agree $60 for a 1 ounce silver bullion coin is a little absurd. It's still worth $60 right now, that's what it's selling for. 2 years from now I don't have confidence it's worth that much.</p><p><br /></p><p>We may just have to agree to disagree on this one though which is fine since I've learned about 400,000 things from your posts so far in my short time here (and I like Santini's posts too).</p><p><br /></p><p>edit: also not implying at all that people buying the silver krug are idiots, it's definitely collectible and I don't judge people for what they want to spend their money on, I just personally was not a fan of the price tag on that one[/QUOTE]</p><p><br /></p>
[QUOTE="IBetASilverDollar, post: 2694053, member: 85251"]Remove the fake part since obviously I agree someone selling a fake coin as real is not a good example of value (again, it's an outlier) and say thousands of people buy a watch for $300 on ebay that is complete garbage and any serious/educated watch collector would laugh at anyone paying more than $10 for...yes that watch is still worth close to $300 because the market is, whether rightfully or not, allowing for it to sell for that. Now long term value is a different story. That garbage $300 watch will be worth pennies in the future, that doesn't change it's current value being what the idiots are willing to pay for it (not just one idiot in an isolated sale, but consistent idiots). Similarly with a coin, like my example of the Silver Krugerand. I think you would agree $60 for a 1 ounce silver bullion coin is a little absurd. It's still worth $60 right now, that's what it's selling for. 2 years from now I don't have confidence it's worth that much. We may just have to agree to disagree on this one though which is fine since I've learned about 400,000 things from your posts so far in my short time here (and I like Santini's posts too). edit: also not implying at all that people buying the silver krug are idiots, it's definitely collectible and I don't judge people for what they want to spend their money on, I just personally was not a fan of the price tag on that one[/QUOTE]
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