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<p>[QUOTE="dougsmit, post: 1940269, member: 19463"]TV or the real world, we are fooling ourselves if we put any stock in the concept of what something is 'worth'. A coin, a house, a car, the work you do for an employer is worth exactly what it will bring when tested with real money. A coin is not 'worth' what the last one was 'worth' but what that one is the next time it sells. </p><p><br /></p><p>Ancients make this even worse since there are so many variations of condition or minor details. If two rich guys show up at the sale and see a portrait of Athena that reminds them of their mothers, a price could go through the roof. The next day when a technically better coin comes up that reminds them of Phyllis Diller, the result might be a fraction. What is the type 'worth'? Businessmen (coin dealers or pawn brokers) only stay in business by paying less than 'worth' or selling for more. If a coin is 'valued' at $10k, no professional is going to pay anything near that amount unless they already have in mind a buyer who they have some certainty will like the item enough to pay more than it is 'worth'. </p><p><br /></p><p>I agree the TV show appears to be staged and I can not imagine why anyone with any sense would take a coin 'worth' $10k into a Pawn Shop unless they had to have the money instantly or were afraid that a real coin dealer would recognize that the 'worth' number was ridiculous. If I had any of the coins in question and wanted to sell them, I'd call a couple dealers I know and see if they wanted it or, assuming I could wait to be paid next year when the sale closed, I'd consign it to a big sale where people with too much money would be likely to get into a bidding war over it. I would not take it to someone who has to call in an 'expert who knows everything there is to know about coins' to give an opinion without backing up that opinion with cash.[/QUOTE]</p><p><br /></p>
[QUOTE="dougsmit, post: 1940269, member: 19463"]TV or the real world, we are fooling ourselves if we put any stock in the concept of what something is 'worth'. A coin, a house, a car, the work you do for an employer is worth exactly what it will bring when tested with real money. A coin is not 'worth' what the last one was 'worth' but what that one is the next time it sells. Ancients make this even worse since there are so many variations of condition or minor details. If two rich guys show up at the sale and see a portrait of Athena that reminds them of their mothers, a price could go through the roof. The next day when a technically better coin comes up that reminds them of Phyllis Diller, the result might be a fraction. What is the type 'worth'? Businessmen (coin dealers or pawn brokers) only stay in business by paying less than 'worth' or selling for more. If a coin is 'valued' at $10k, no professional is going to pay anything near that amount unless they already have in mind a buyer who they have some certainty will like the item enough to pay more than it is 'worth'. I agree the TV show appears to be staged and I can not imagine why anyone with any sense would take a coin 'worth' $10k into a Pawn Shop unless they had to have the money instantly or were afraid that a real coin dealer would recognize that the 'worth' number was ridiculous. If I had any of the coins in question and wanted to sell them, I'd call a couple dealers I know and see if they wanted it or, assuming I could wait to be paid next year when the sale closed, I'd consign it to a big sale where people with too much money would be likely to get into a bidding war over it. I would not take it to someone who has to call in an 'expert who knows everything there is to know about coins' to give an opinion without backing up that opinion with cash.[/QUOTE]
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