If you have one thing then the price should be whatever the highest bidder is willing to pay, if you have a million things, it's whatever the the millionth high

If you have one thing then the price should be whatever the highest bidder is willing to pay, if you have a million things, it's whatever the the millionth highest bidder is willing to pay. Thus the more of a thing you make, the less valuable each thing is. This works, because the total value of $things sold increases. But that 1, or those million people buying the thing have to be willing to pay something. An aol disc isn't worth anything, even now that they are probably exceedingly rare (I'll bet someone's flogging them on ebay though) because still no one wants them. Aluminium and gold have fundamentals because they have a use. Some random coin, not so much, not even as a coaster.