Which of the "Common Rarities" in U.S Numismatics is the Most Overpriced?

Relative terms, in comparison to what numbers "the market" THINKS is out there. Borrowing from your other thread, the "Supply" number is artificially low.

These are NOT Internet mavens. I can sit in the back row of an auction, count maybe 300 in attendance, and if 100 even have an Internet account, its a lot. If they have one, chances are their email is still @aol.com.

 

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You do understand "elastic" don't you? Did they teach you that in Econ-101? Or did you just fail to read my post.

We are nowhere NEAR the point where we run into a total absence of supply. For example for 1909-s VDB cents there is more than enough supply (except **maybe** MS67?) to satisfy buyers anywhere near the current equilibrium points. At higher prices there are PLENTY of coins out there available to flood into the market and satiate demand along the curve. Therefore the markets for 1909-s VDB cents for each different grade approximates the supply/demand curve.

But we don't even need supply and demand curves anyway. A price is "too high" when there are zero willing buyers at that price. Otherwise . . . it is just "too high for you."

 

And how do you know what "the market" thinks is out there? I am part of the market and you could not possibly have less of a clue what I think.

I've heard that "fresh to the market" crap from sellers for years. What - like I'm going to pay extra for a coin because you claim that someone's grandpa socked it away in his bank vault or safe deposit box and it hasn't seen the light of day for 50 years? Why am I supposed to give a crap about that - even if true (and it almost always isn't)? The coin is the coin is the coin. Fresh to the market or stale as 30 day bread sitting at Heritage for three years. Makes absolutely zero difference to me.

But DSFDF, and you are welcome to place great importance on puffery like "fresh to the market" and if you can jack some sucker out of an extra 10% with that line, good for you.

 

No, no, no. You misunderstand what I mean by "fresh to the market". It's no special kind of coin you need to pay more for, far from it. You need to pay LESS. More supply added. Temporary disequilibrium.