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1 Peter 1:18-19 “Forasmuch as ye know that ye were not redeemed with corruptible things, as silver and gold, from your vain conversation received by tradition from your fathers; vs 19 But with the precious blood of Christ, as of a lamb without blemish and without spot:”
God paid the ultimate price to buy back all of humanity, not with things that are corruptible, but rather with the Precious Blood of Christ. Not only was it a precious gift, but also an expensive one.
1 Peter 2:7 “Unto you therefore which believe he is precious...”
Those who see this by faith to be a precious sacrifice made on their behalf (Jesus paid the price for their sins) and have trusted Him to be their Saviour, realize that Jesus Christ is so precious to them, and therefore have a desire to live for Him and to be different from the world.
1 Peter 2:9 “But ye are a chosen generation, a royal priesthood, an holy nation, a peculiar people; that ye should shew forth the praises of him who hath called you out of darkness into his marvellous light:”
Bought with a price
to praise His name!