01-27-2008, 06:56 PM
medals73 Wrote:Then what does, Marc? Isn't the "value" simply what someone is willing to pay for something (above and beyond the limited intrinsic value)?
Ed,
I agree that value is simply what someone is willing to pay for something, but there happens to be aberrations.
If tomorrow my "standard" post-war, long-service ORS sells for $500 because 2 specific individuals decided that they had to have it, does that mean that all "standard" post-war, long-service ORS are now worth $500? I don't think so. It just happens that mine sold for an abnormal amount, that's all.
Marc












