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Valued Member
South Africa
169 Posts |
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
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Valued Member
United States
149 Posts |
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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