What makes the price of coins go up?

I agree that with many older, especially 1800's type coins, supply is relatively fixed (unless some new hoard is discovered). Therefore, demand will play the dominant role.

 

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Like I said, the actual value of the coin remains steady, but the cost to advertise, market, and ship it changes. This adds to the overall cost of the coin. Thus the price of the coin changes.

 

My bad. I misread your post. I apologize.

 

All of the above. It's as simple as Supply and Demand, yet the drivers of those are so infinately complex as to make forecasting prices more futile than the forecasting the weather.

The logical associated discussion with what drives coin prices, for the collector, is then whether coin collecting is a hobby (expense without expectation of return) or mostly investing (expectation of return). Personally, I believe the answer to that question depends on two simple (yet equally complex) things (like supply and demand) and those two are: The Buyer, and the Purchase.

Fun stuff - can make your head spin. :smile

 

I'm gonna go out on a limb here and guess you were a philosophy major...

 

One word. Demand.

 

Nope. Well, I'm just starting a doctoral program which is a Ph.D, so it is a Doctor of Philosophy. Damn it. Technically, yes, but not from the liberal-arts perspective, no. I'll concede that point.

 

Inflation has as much to do with it in general. Almost evrything costs more beacuse people make more. But really your money is worth less per unit.

Lack

 

So is it true that no matter where you go, there
you are?

 

I think, therefore, I think I am.

 

For some reason, I'm thinking you had this same mind -blowing thought months ago on CT. I suggest you re-read your posts and threads and find where that was. If I remember correctly, several knowledgeable members on this forum gave you good information on it back then. :smile

 

Agreed. Just wanted to throw out that supply/demand is not the only thing affecting prices.

 

Maybe world coin collectors don't believe in paying
100 X more for a full monocle string designation or a
fully split horsie tail or fully pointed Shakespeare shoes
with exquisite type 1 tassels. Maybe they "un-lock value"
by actually paying for coins instead of whimsy.

 

I believe it. The smart money has to go somewhere.

 

Yeah I think I remember you and JD talking about
German/Austrian Thalers back in CW.

 

Hold on Doug. I think I remember the actual thread where
you predicted a big move towards world coins. Remember
the thread I started in CW called Ten Years After? I think
that was it. And you were even collecting Pillar Dollars
and French gold at the time.
Good call.