How do you know when you have a premium domain name?

No most of the times other endings than .com are worthless. Maybe if it's some 4-5 letters or shorter .us domain it might me worth something
 
No most of the times other endings than .com are worthless. Maybe if it's some 4-5 letters or shorter .us domain it might me worth something
I see, thanks for this. But let's say I bought a local domain then a singer becomes famous in the local area where I bought the domain. What could happen?
 
When somebody contacts you to inquire about potentially purchasing said domain :)
 
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