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10 best coins to buy now for possible appreciation in next 10 years
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<p>[QUOTE="World Colonial, post: 2437189, member: 78153"]Correct. And to be clear, I was not trying to "knock" the '55 DDO cent in my last two posts or singling out this opinion. It's an opinion I hold for coins generally but especially for a high percentage of US such as these. </p><p><br /></p><p>The biggest problem financially for these "key" dates is that their prices are totally out of line with their numismatic merits. Not only are they not "rare", they are frequently not even the scarcest coins in their series because the "low" mintages resulted in (much) higher survival rate, especially in better quality. (An example being the 09-S VDB.) My opinion is that the existing perception is mostly a leftover from a time (60's or 70's and earlier) when collectors had far fewer choices than they do now and predominantly collected out of pocket change. </p><p><br /></p><p>Most collectors seem to have a cultural preference for coins from their country of origin. This is certainly true of US collectors, equally true in South Africa and seems to be equally true from the listings in foreign auctions on Sixbid.</p><p><br /></p><p>I agree most US collectors will continue to prefer the coins they do now, except that I don't believe they will be able to pay current prices across the board.</p><p><br /></p><p>There are also many US collectors (maybe low proportion but high number absolutely) who buy these "key" dates for a variety of reasons, even when they don't collect the series. These are the primary collectors I expect to choose other coins and from this reduced marginal demand, I expect lower prices.[/QUOTE]</p><p><br /></p>
[QUOTE="World Colonial, post: 2437189, member: 78153"]Correct. And to be clear, I was not trying to "knock" the '55 DDO cent in my last two posts or singling out this opinion. It's an opinion I hold for coins generally but especially for a high percentage of US such as these. The biggest problem financially for these "key" dates is that their prices are totally out of line with their numismatic merits. Not only are they not "rare", they are frequently not even the scarcest coins in their series because the "low" mintages resulted in (much) higher survival rate, especially in better quality. (An example being the 09-S VDB.) My opinion is that the existing perception is mostly a leftover from a time (60's or 70's and earlier) when collectors had far fewer choices than they do now and predominantly collected out of pocket change. Most collectors seem to have a cultural preference for coins from their country of origin. This is certainly true of US collectors, equally true in South Africa and seems to be equally true from the listings in foreign auctions on Sixbid. I agree most US collectors will continue to prefer the coins they do now, except that I don't believe they will be able to pay current prices across the board. There are also many US collectors (maybe low proportion but high number absolutely) who buy these "key" dates for a variety of reasons, even when they don't collect the series. These are the primary collectors I expect to choose other coins and from this reduced marginal demand, I expect lower prices.[/QUOTE]
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10 best coins to buy now for possible appreciation in next 10 years
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