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Posted By: davidcycleback

There's a difference between a BIN price offered and a BIN price bought.

If I put a cornflake on eBay with a BIN price of $1 million, the $1 million price doesn't have any serious relation to the value of cornflakes or what someone would be willing to pay. Needless to say, the auction will end without a buyer.

This is why price guides use 'prices realized.'

I certainly hope no one uses my $1 million BIN in determining the going rate of cornflakes.