not really. If you are planning an arbitrage operation, then their resell price (and thus value to you) must be at least MORE than $100, otherwise you wouldn't

not really. If you are planning an arbitrage operation, then their resell price (and thus value to you) must be at least MORE than $100, otherwise you wouldn't buying them and going through the hassle and opportunity loss of the arbitrage. If you don't bother buying them, then the total value to you is probably less than the value of $100 for you. It's possible that the value just happens to be equal to the value of $100. That's a vanishingly unlikely coincidence.