Matthew 27:9 Then was fulfilled what was spoken by Jeremiah the prophet, saying, “And they took the thirty pieces of silver, the value of Him who was priced, whom they of the children of Israel priced,

I just found out this morning, the words in this verse translated "value" and "priced" are from the same root word in Greek: τοτε επληρωθη το ρηθεν δια ιερεμιου του προφητου λεγοντος και ελαβον τα τριακοντα αργυρια την τιμην του τετιμημενου ον ετιμησαντο απο υιων ισραηλ

Like many words in English, this word has two senses to it, depending on the context. Just like the word "sense" in the previous sentence. "Sense" can mean one of the five senses: taste, touch, smell, hear, see. Or it can mean: the meaning of a word or expression; the way in which a word or expression or situation can be interpreted; "the dictionary gave several senses for the word"; "in the best sense charity is really a duty" (http://wordnetweb.princeton.edu/perl/webwn?s=sense). Now, in one sense, those things seem pretty different, but if we think about it for a bit, it makes sense... :D They are both related to how we perceive things.

Ok, so back to value and priced in our text. The Greek word can mean:

1) a valuing by which the price is fixed
1a) of the price itself
1b) of the price paid or received for a person or thing bought or sold

OR, and this is the key here:

2) honour which belongs or is shown to one
2a) of the honour which one has by reason of rank and state of office which he holds
2b) deference, reverence

(http://www.blueletterbible.org/lang/lexicon/lexicon.cfm?Strongs=G5092&t=KJV)

So, if we replace the word "value" with the word "price": the price of him who was priced, whom they of the children of Israel priced

then read it again with "honour": the honour of him who was honoured, whom they of the children of Israel honoured

I see sarcasm. A slap in the face of all of us, who put a price on our God, instead of giving Him honour. We decide how much of our life to give Him instead of giving Him honour. We think about how much our salvation is worth, instead of considering the honour.

another study in process...