Things that are collectible drive their own value based on all sorts of reasons. In this case I see the coin scarcity and historic (first ever physical manifestation of a bitcoin) as key drivers of the value. I also think that most values for these coins are way out of wack and most sellers come up with their values arbitrarily so as to just try to make as much money off the sale as possible.
Do you have any evidence of this? Please share. I would love to see some of the prices
So confused, Is the value based on:
coin scarcity and historic (first ever physical manifestation of a bitcoin) as key drivers of the value.
OR
most sellers come up with their values arbitrarily so as to just try to make as much money off the sale as possible.
And OP, these coins aren't sold for more than they're worth, they're worth what they're sold for. Or if you were meaning their nominal bitcoin value, you have to take into account collector value, metal value, dealer markup, scarcity, and all of those other things that drive any coin's value. Coins sell for more than their face value all the time--just look at old silver coins. Does that make sense?
