Short Story: Escalating Prices

keoj

Step 1) Coin was auctioned off 2 months ago by Heritage for ~$4400
Step 2) Coin was seen on eBay (where it did not sell) for ~$5300 by a well known dealer
Step 3) Coin is now seen on another dealers web site for ~$6000

I think the coin is worth ~$4750

I'm not sure what the lesson is here is.....


keoj

pharmer

The lesson is, provide a link for all to see, and we will explain it, so quickly.

dbldie55

The lesson is you are probably right about the value.

Sphinx357

it happens
I sold a note last year for $4k where as the book price was $3k, that person consigned it to Heritage where it realised $8500 and change.

mercurynut

The value is whatever someone is willing to pay for it.

nwcs

I'm thinking now is a good time to sell and a good time to wait to buy.

roadrunner

And in one year, the item could be back to the original seller at the same price it started out at.....maybe less. Sellers have to escalate prices to survive. The only question is will the buyers bite at the higher prices?

roadrunner

JrGMan2004

<< <i>The value is whatever someone is willing to pay for it. >>

Actually, a lot of times, it's the amount someone is willing to pay, plus a bid increment from someone who's willing to pay more...