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<p>[QUOTE=&quot;World Colonial, post: 2432442, member: 78153&quot;]The more expensive Morgan dollars are disproportionately &quot;investment&quot; coins which the 1796 quarter is not, though given its price I presume those who buy it concurrently view it as an &quot;investment&quot;.</p><p><br /></p><p>In looking at the Heritage archives, the price spreads are rather low by US standards.&nbsp; I consider the coin overpriced for its merits since I don&#039;t consider 600 particularly scarce, but the higher (though not highest) grades are actually much better values.&nbsp; I believe I saw an AU-58 in the range of $50k while lower circulated grades all the way down to FR-2 sell for $5k to $20k.&nbsp; Its these lower grade coins that I think are going to be money losers, even if US market does ok in the aggregate.</p><p><br /></p><p>Today, I can assure you that the 1796 quarter is a lot more common than every pillar 2R, regardless of mint except in grades that no US collector really wants to buy.&nbsp; Heritage has a listing where they estimate between 56 and 70 individual specimens in some MS grade.&nbsp; It might be somewhat lower but even though the Mexico mintages were a lot higher at least after 1746, I don&#039;t believe any of them have anywhere near this many.&nbsp; For Bolivia and Guatemala combined, I suspect the total is almost zero for all dates combined.&nbsp; For Peru, outside of a few dates such as 1758, 1761 and 1771, same story.</p><p><br /></p><p>On foreign collector by local collectors in developing markets, I believe there are going to be some exceptions.&nbsp; Russia, China and India are presumably three of them.&nbsp; Generally though, aside from the lack of a collecting tradition, the other major obstacle is lack of quality coins to buy.&nbsp; From what I have seen, Russia has a lot of them.&nbsp; Less than the US, the Anglo countries and Western Europe but a lot more than Latin America, including Mexico.&nbsp; A country like Mexico isn&#039;t going to have the anywhere near the same proportion of collectors as the US or Britain because the coins most collectors prefer do not exist in sufficient quality or quantity.[/QUOTE]</p><p><br /></p>

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