Psalms 118:22 The stone which the builders refused is become the head stone of the corner.

This text from Psalm 118:22, is applied by the apostle Peter to the Jewish people of his day.

They set nothing by the excellence of Christ’s person.  Christ is a great and glorius person, a person of infinite worthiness, on which account He is infinitely esteemed and loved by the Father. But unbelievers who have no esteem at all on account of His being the Son of God.

Christ is the Holy One of God. He is possessed of all that holiness which is the infinite beauty and loveliness of the divine nature.  But an unbeliever sets nothing by the holiness of Christ.

They set nothing by his excellency in His work and office. They are told how glorious and complete a Mediator He is, how sufficient to answer all our necessities, and to save sinners to the utmost But they make light of it.

They never give Christ any honour on account of His glory and excellency. They may, and often do, pay Christ an external and seeming respect, but they do not honour Christ in their hearts. They have no exalting thoughts of Christ, no inward respect of reverence towards Him. All their outward worship is feigned; none of it arises from any real honour or respect in their heart towards Christ.

Consider that however Christ is set at nought, yet He shall be the head of the corner. Though He may be set low now, He shall yet be exalted.
–Jonathan Edwards from “Unbelievers condemn the Glory and Excellency of Christ”