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<p>[QUOTE=&quot;World Colonial, post: 2435587, member: 78153&quot;]Partly, it depends upon what your definition of &quot;high grade&quot; means.&nbsp; If it&#039;s the low number of highest grades, it&#039;s a complete guess to predict the financial circumstances and fickle preferences of the concurrently low number of collectors who might want it.&nbsp; <b>I&#039;ll concur with you that&#039;s more likely.</b></p><p><br /></p><p>Otherwise, PCGS Coin Facts estimates 15,000 with 3750 in MS-60 or above.&nbsp; Unlike some of their other estimates, I think its a reasonable &quot;ballpark&quot; number.&nbsp; This isn&#039;t rare.&nbsp; If I wanted to put a noticeable percentage or most of my life savings into this coin, I could probably easily buy 100 MS-60+ within a year.&nbsp; How can this be rare?</p><p><br /></p><p>The comparison I was making to other alternative coins wasn&#039;t just financial, but numismatic.&nbsp; I am familiar or very familiar with a wide range of coins.&nbsp; Most other collectors, including presumably on this forum are not.&nbsp; All collectors have their preferences but this is my primary explanation for the current popularity of the most widely collected US series and with the &quot;key&quot; dates, their misperceived scarcity which exaggerates their apparent appeal.&nbsp; The overwhelming percentage of collectors have little or no idea what else their money can buy, whether they like the same coins you or I do or not.</p><p><br /></p><p>Current perception is substantially a throwback to collecting out of pocket change and bank rolls. I don&#039;t believe this perception is going to last as more collectors who bother to research the subject become aware of how common these coins really are and what else their money can buy.</p><p><br /></p><p>I don&#039;t believe these coins will completely lose their appeal where it will matter to anyone reading this post.&nbsp; But given how common they are, don&#039;t believe they will hold their current value either, at least when measured in constant money.&nbsp; Looking at PCGS Coin Facts, it appears this coin has already lost value since 2009, just like most others and probably for the same reason.&nbsp; As a common coin, it&#039;s dependent upon a &quot;mass market&quot; of relatively affluent buyers and most people are worse off.</p><p><br /></p><p>Another reason I can give you is the presumably future larger proportion of non-European collectors; Latin and Asian.&nbsp; I certainly see no reason why hardly any of them will like a coin like one at anywhere near its current price.&nbsp; Longer term. if the US collector base isn&#039;t going to shrink, there will be more of them and they are more likely to prefer other coins, whatever it may be.</p><p><br /></p><p>Economically, I&#039;d classify this coin and others like it as predominantly one bought by middle class or professional white collar collectors.&nbsp; Yes, I presume it is also bought by a decent number of &quot;big budget&quot; collectors but not that many.&nbsp; Since I believe most of these people will be worse off or much worse off in the future, economically this is why I believe fewer or far fewer will be able to afford current prices, even if they are inclined to pay it.[/QUOTE]</p><p><br /></p>

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