| relationship of spot price to numismatic value?
I'm not sure if this is the right area of teh forum to ask this question, but it seemed to be the most pertinent...
The value associated with a coin surely has to do with grade, collector interest, and rarity, but what about the underlying metal content of the coin?
For example, many consider (myself included) that most roosevelt dimes are basically bullion, but Morgans are considered collectibles. If the price of silver goes up, then those dimes go up in value with it. But the Morgan may not see the same increase.
Are there any kind of calculations that take into consideration the increase or decrease in the spot price when determining the collectible value of a numismatic coin? Or is the "interest" factor somehow connected to the spot price?
It seems to me that a drastic increase or decrease of the price of the metals would possibly increase or decrease the "interest" factor, which would then increase or decrease the numismatic value... How far off am I on this thought?
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