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<p>[QUOTE=&quot;calcol, post: 3010716, member: 77639&quot;]With regard to the title of the thread,&nbsp; accurately represented coins can&#039;t be overpriced because they&#039;re all luxury items.&nbsp; Not remotely in the same category as food, shelter and medical care.&nbsp; For the sake of their own financial wellbeing, sellers should get as much as they can from willing buyers.&nbsp; The only way coins can be overpriced is if the price is too high for any buyer to consider a purchase.</p><p><br /></p><p>Hard to know what &quot;the market&quot; is for these coins.&nbsp; In this case, there is an American ship that went down off the American coast carrying big beautiful American gold coins from the American gold rush.&nbsp; Some of the stories associated with the sinking, discovery of the wreck and recovery of loot will only help promote sales.&nbsp; It&#039;s probably the best ever opportunity to market multi-thousand-dollar coins to Americans regardless of their numismatic inclinations. Expect to see ads in mags, like Nat&#039;l Geo, Forbes, etc. and other print and electronic media that are seen by middle and upper income Americans.&nbsp; And I&#039;d guess many of these ads won&#039;t be by traditional coin companies.</p><p><br /></p><p>Funny thing is that although there may be more than enough of these coins to saturate the numismatic market, it probably takes that many to interest some of the upscale mass marketers.&nbsp; Want a Central America double eagle to go with your Tesla or Merecedes?&nbsp; Here ya go!</p><p><br /></p><p>Rarity is only one component of price.&nbsp; Another is hard-to-quantify desirability.&nbsp; 1907 proof liberty-head double eagles are in the same price range as MS 1907 high-relief St. Gaudins even though the latter is 10-100 times more common.&nbsp; The reason: a lot more folks desire the latter compared to the former.</p><p><br /></p><p>I see possibilities, but can&#039;t predict with assurance.&nbsp; In the long run (years), the numismatic market may be the main one for the 1857-S with corresponding decrease in price.</p><p><br /></p><p>Cal[/QUOTE]</p><p><br /></p>

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