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Factors That Influence A Coins Value And Collectabillaty

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Valued Member
Zarboy's Avatar
South Africa
169 Posts
 Posted 05/20/2010  11:44 pm Show Profile   Bookmark this topic Add Zarboy to your friends list Get a Link to this Message Number of Subscribers
Hi, dont know if this topic has been covered before.
What factors influences a coin's price? positive or negative?

"The Golden Key" lists no less than sixty different possibilities and I am sure the members could list more.

Age,Forgeries,The Economy,Rarity,Rumours,Provenande,Scarcity,Mintage Catalogues,Popularity,Condition,Books,Supply,Buyers,Inflation,Demand Beauty,Devaluations,State of Presentation,Design,Deflation,Availability,Fashion Collectors,Authenticity,Marketability,Investors,Intrinsic Value,One-upmanship Profit,Theme Collecting,Snob Appeal,Unite Prices,Investment Potential,Publicity,Speculators
Hobby Appeal,Adverse Publicity,Currency Stability,Status of Issuer Economic Conditions,Investment Advisors,Status of Coin,Political Conditions,Tax Evasion,Metal,Coin Conventions,Tax Avoidance,
Size of the Coin,Coin Clubs,Portability,Patriotism,Gold Price,Fascination,Advertising,Platinum Price,Confidence,Dealer Mark-Ups,Silver Price, Legislation

The answer to the question seems simple. All of them have an influence to a degree, some unfavourably and some favourably.
How true and important are these factors, would it depend on where you collect and what you collect, or does collecting versus investment have a bigger role to play.?
Zarboy
Valued Member
fmtaxguy's Avatar
United States
257 Posts
 Posted 05/21/2010  12:56 am  Show Profile   Bookmark this reply Add fmtaxguy to your friends list Get a Link to this Reply
I believe there are too many variables to consider at one time while remaining sane. At the end of the day, the cost will be the price a willing buyer and willing seller agree upon at arm's length. The only way I've figured to bring rock solid consistency to pricing, and removing all variables from consideration, is by stealing coins from fellow collectors and/or small children. The only variable afterward is how many years you'll do behind bars, and that will depend on an infinite number of factors.
Valued Member
Zarboy's Avatar
South Africa
169 Posts
 Posted 05/21/2010  06:02 am  Show Profile   Bookmark this reply Add Zarboy to your friends list Get a Link to this Reply
You are so right, just too many aspects to consider, however I do believe that in order to make sound decisions every investor or collector out there has his/her own motivators to consider when evaluating buying of a new coin.
It is in the end as simple or complex as one would make it.
Pillar of the Community
United States
539 Posts
 Posted 05/21/2010  11:47 am  Show Profile   Bookmark this reply Add weavus135 to your friends list Get a Link to this Reply
since I am not into this hobby for any investment purposes, my criteria is pretty easy...if I don't have something from country I need to fill my OFEC theme AND I have the money to buy it...it is a done deal. Now, I do look at the coin and it does have to be 'pretty' or at least the condition has to be such that you can still make out the details on the coin. But that is about it. and that may be why getting those last 30 countries is going to be tough. Most folks have more of an investment lean and these final countries have some rather large catalog values and low mintage. Oh well, that's what the chase is all about I guess. Until then, I fill in with other coins from countries I do have when I find that extra spending cash.

Valued Member
needgames4lyfe's Avatar
United States
323 Posts
 Posted 05/21/2010  11:59 am  Show Profile   Bookmark this reply Add needgames4lyfe to your friends list Get a Link to this Reply
I agree with weavus - I go for the coins I need, not for the coins that will raise in value. Granted, knowing this stuff helps understand why certain coins are soo expensive in comparision to their counterparts. Me personally, I pay attention to the mintage amount - less minted it usually going to be key.
Bedrock of the Community
United States
20753 Posts
 Posted 05/21/2010  12:22 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
Regardless of your massive list of reasons for a coins price, the main one is popularity. A coin could have a really low mintage, be in fantastic condition, be listed in all coin price guides as worth a fortune and yet if no one wants to buy it, it just isn't so.
For example in the Lincoln Cent series there are many, many double died coins. Yet the 55 double die is so popular, that the price on that one is almost the most pricy coin in the series.
Popularity really makes the coin what it is. Again, if no one wants a certain coin, anyone could say what they want about what it is worth but that makes little differenc in price.
Many other factors are important but popularity makes for demand and that is what makes the price of almost anything what it is.
Valued Member
oimcoins's Avatar
United States
149 Posts
 Posted 05/21/2010  12:29 pm  Show Profile   Bookmark this reply Add oimcoins to your friends list Get a Link to this Reply
Mintage definitely plays a part, but it's more the "popular" series that are affected by price.
Lincolns, mercs, morgans... all are overpriced in my opinion, at least going by the mintage. But the demand is high because everyone is trying to put together sets of those. The S VDB, 16-D Merc, 93-S/94-P Morgans are not rare by any means, but with demand comes a higher price.

Half Cents, most Seateds, $3 Gold... are underpriced according to the mintage. But not many people go back that far (as far as sets go) so the price stay relatively low.

But a "low mintage" coin of a popular series will have an inflated price for that reason.

And what influence collect-ability would be if someone can put a set together at a reasonable price. So where there are Proof-Only issues, dates less than 100 known are not going to be very collectible because people want that album hole filled. Otherwise people with their 7070 just need one type, and often is the most common of that type which will raise the price for that coin while the others are neglected.

At least that's my take

I like to go after the more rare coins that I feel are underpriced.
Nearly all the "popular" sets have doubled in the past 10 years across the board... what has pretty much stayed the same is what I mentioned earlier, Seated coins... or most stuff in the quarterly section of the greysheet.
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