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More importantly though, from what I understand from Mr. Yamash.ita and OLD_SCHOOL, there could be a rather wide range of quality and suitability for razors. Cheapish stones are good, but since all people who sell japanese stones seem to put quite a bit of a stress that they have to be tested and verified, I am hesitant to spend $100+ on a stone which can turn out to be mediocre.
I fully understand your point. However, I have seen truly valuable Asagi stones cost $250+, on the low side. At $100+, it would be a steal. It's up to the buyer to decide if it's a chance worth taking. I chose $100 because if it sells and it's a great stone, I won't feel bad because of the money. If it doesn't sell, then I'll just keep it and try it out for myself.
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I am thinking that the only two people who have seen the stone in person are the previous owner and you. You don't seem to have the expertise to commit to a valuation, and we don't know anything about the previous owner and his valuation apart that he was willing to sell it to you for $50... Some more information may be helpful, as 'potentially very valuable' won't cut it for me.
With all due respect, your thinking would be wrong. I don't want to go into complete detail because So told me some things in confidence but since you're persisting, I'll carefully elaborate.