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<p>[QUOTE="GDJMSP, post: 4002354, member: 112"]No I'm not saying that value is fixed, but it is a given number range at any given point in time. But it also changes with time.</p><p><br /></p><p>This is the primary point I am trying to get across, not just to you, but to everybody. The true value of a coin is what an educated/knowledgeable buyer will pay for it. Not what just any buyer will pay for it.</p><p><br /></p><p>And yeah, the argument you're making is an old one, but it is just as invalid as it is old. Example, if someone in an auction bids and pays $300 for an ordinary 2010 Proof Set - that does not in any way make that Proof Set worth $300 ! And it never will make it worth that much. The only thing it does is prove that the person who did that had no clue what they were doing. </p><p><br /></p><p>Want another example, and it won't even have anything to do with an auction. The coins sold on the TV shows by the thousands - do you believe for 1 second they are worth what those people are paying for them ? Of course they're not, they are only worth a fraction of that amount. But yet thousands of people pay that for them. Why ? Because they have no clue what they are doing.</p><p><br /></p><p>That is why this is true -</p><p><br /></p><p>The true value of a coin is what an educated/knowledgeable buyer will pay for it. Not what just any buyer will pay for it.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 4002354, member: 112"]No I'm not saying that value is fixed, but it is a given number range at any given point in time. But it also changes with time. This is the primary point I am trying to get across, not just to you, but to everybody. The true value of a coin is what an educated/knowledgeable buyer will pay for it. Not what just any buyer will pay for it. And yeah, the argument you're making is an old one, but it is just as invalid as it is old. Example, if someone in an auction bids and pays $300 for an ordinary 2010 Proof Set - that does not in any way make that Proof Set worth $300 ! And it never will make it worth that much. The only thing it does is prove that the person who did that had no clue what they were doing. Want another example, and it won't even have anything to do with an auction. The coins sold on the TV shows by the thousands - do you believe for 1 second they are worth what those people are paying for them ? Of course they're not, they are only worth a fraction of that amount. But yet thousands of people pay that for them. Why ? Because they have no clue what they are doing. That is why this is true - The true value of a coin is what an educated/knowledgeable buyer will pay for it. Not what just any buyer will pay for it.[/QUOTE]
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