Quote:
Originally Posted by markf31
How do you determine what a fair price is when you're buying or selling?
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I rarely sell any of my cards but buying is easy - I determine what the value is to me. I’m not concerned with what someone else valued a similar card at yesterday.
Value of a specific collectible is determined by a buyer and seller at that moment. If I buy a 52 Topps Mantle at a garage sale for 50 cents, the value of that exact card is 50 cents because that’s what I paid in cash for it. If I sell that same card for 1 million dollars, then the value of that specific card is now 1 million dollars because someone paid me that amount in cash.