Pronunciation: [ɒv ɡɹˈe͡ɪt pɹˈa͡ɪs] (IPA) 
The phrase "of great price" is spelled with a silent "e" at the end of "price." This is because the "i" in "price" is a long vowel sound, pronounced as /aɪ/. The silent "e" helps to indicate this long vowel sound. This is a common spelling pattern in English, where a silent "e" is added at the end of a word to indicate a long vowel sound in the preceding letter.
"Of great price" is an idiomatic expression that refers to something or someone having significant value or importance. It is commonly used to describe objects, qualities, or individuals that are highly sought after, held in high regard, or considered precious.
When an object is described as being of great price, it implies that it possesses exceptional worth or is difficult to obtain due to its scarcity or rarity. This can include precious metals like gold or rare gems, such as diamonds. Additionally, it can extend to rare antique pieces, works of art, or valuable collectibles. These items are often highly regarded not only for their monetary value but also for their historical, artistic, or cultural significance.
The phrase can also be used to describe intangible qualities or qualities possessed by individuals. For instance, someone can be described as having a character of great price, meaning they have admirable qualities like integrity, generosity, or kindness, which are highly valued in society. Similarly, virtues such as love, trust, loyalty, and wisdom may be regarded as qualities of great price.
Overall, "of great price" serves as a descriptor for things or persons that hold exceptional value, worth, or significance in terms of material possessions or intangible qualities.
