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 Replies: 26 / Views: 1,886 |
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Pillar of the Community
United States
7057 Posts |
There are coins I paid over market as I wanted them and there are much more that I said I won't pay that much. Coins are worth what people pay for them, being educated only lets you understand if you paid "market"
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Pillar of the Community
Canada
5045 Posts |
It is quite interesting that this simple "rule" is true in general but has many nuances giving some exceptions to the rule. Another exception is that someone sells it for less than they could have due to such factors as making a mistake or valuing speed of sale vs. highest price. Similar comments can be made when someone pays more than they needed to.
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Bedrock of the Community
United States
19676 Posts |
Quote:
a coin is worth generally what MOST knowledgeable people who buy coins are willing to pay for it. Exactly! 
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Moderator
 United States
164449 Posts |
This remains a very interesting conversation!  |
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Pillar of the Community
 United States
7165 Posts |
Quote:
It is quite interesting that this simple "rule" is true in general but has many nuances giving some exceptions to the rule. Another exception is that someone sells it for less than they could have due to such factors as making a mistake or valuing speed of sale vs. highest price. Similar comments can be made when someone pays more than they needed to. For all "common" coins (including things like the 1909-S VDB), we can consider those nuances in a statistical framework. The median of recent sales represents the most likely "value" of the coin in a certain grade. The low end of the distribution probably contains the coins sold quickly as you mention, the high end would contain the occasional bidding war at the other extreme.
Edited by tdziemia
10/18/2024 10:22 am
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Moderator
United States
54172 Posts |
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a coin is worth generally what MOST knowledgeable people who buy coins are willing to pay for it. The Greysheet now comes to mind.
Show your financial support of the Coin Community Family (click here)See my topic on Mexican Numismatic Medals (click here) |
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Valued Member
United States
326 Posts |
When I asked my dad this question years ago while looking at a few of his coins, his reply was, "whatever I paid for it". I followed up with, "what's it worth now?", and his reply was, "whatever I sell it for".
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Moderator
United States
164449 Posts |
Quote:
When I asked my dad this question years ago while looking at a few of his coins, his reply was, "whatever I paid for it". I followed up with, "what's it worth now?", and his reply was, "whatever I sell it for". 
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Valued Member
United States
335 Posts |
I may be a bad example ... I'm always looking for "a deal". While stacking bullion is the exception, I always try to buy as low as possible.
I guess that supports the original premise ...
got me thinking ...
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Pillar of the Community
United States
1390 Posts |
Did 17,500 purchases of the 230th Anny Flowing Hair one oz gold coin on November 14th at $3,690 each establish an intrinsic value for that collectible ?
Edited by cptbilly
12/12/2024 11:26 pm
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Moderator
United States
164449 Posts |
Quote:
Did 17,500 purchases of the 230th Anny Flowing Hair one oz gold coin on November 14th at $3,690 each establish an intrinsic value for that collectible ? 
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Replies: 26 / Views: 1,886 |
First Page
Posted 10/15/2024 7:59 pm
