Is it possible to increase the value of a certain common coin over the course of a few years if all of us concintrated on collecting the same coins in great amounts. For example 1931 Cent. Many are already lost or destroyed. Stupid question I know, but I am bored:goofer:
Only if it was very rare!!, There are millions (Thats why there common) Dont think you could find enough to even make a dent!!
Target too small.....lets try what the Hunts Bros tried and buy up all the worlds silver. That almost worked. But a better cure for boredom is to write a song about it. A good one.
Yes, but think what a person like Bill Gates or Warren Buffett could do to the coin market if they bought up half the supply or more of coins like the 1909-S VDB cent, 1916-D Mercury nickel, or 1916 Standing Liberty quarter. These coins would increase in value by multiples within only a couple years....
Sure they could, just have a few dificulties. One getting enough people involved with the market cornering project, two the amount of capital it would take, three having to be worried about some project members selling their hoard into the cartel through a secondary person in order to profit personally as the prices rose, and four the drop in prices once the cartel started trying to take some profits.
Without a doubt, it would be very easy and possible to do. You'd have to pick a coin with a relatively low mintage (like under 3 million), and a reasonable price so everyone could afford it. I really have to question the morality of it, being a numismatist and coin collector for well over two decades, versus an investor who deals with those type of actions in the stock market quit often.
It could, and has, been done in the past. The key is to gain control of a significant portion of a rare population and to dump them all quickly before potential buyers become aware of the increase supply.
