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<p>[QUOTE="cladking, post: 1674145, member: 68"]Four fold increases in a year are pretty tame by the standards of moderns </p><p>where even the rarest coins can be priced for a dollar or two. The reason </p><p>almost all moderns are still cheap isn't that they are common, it's that there </p><p>is almost no demand. All it takes is a few collectors trying to find one to push </p><p>the price way higher. </p><p><br /></p><p>There's no demand because collectors have always preferred precious metals </p><p>and modern coins are percieved as debased junk poorly made in enormous quan-</p><p>tities. Few people have anything but disdain for aluminum coins made in large</p><p>quantities so they aren't set aside and aluminum wears and erodes away very</p><p>quickly leaving no trace in circulation or garbage dumps. The most dramatic ex-</p><p>ample of an aluminum coin that wasn't saved is the 1950-E East German 10p. </p><p>Even though it was made in staggering numbers it circulated for decades before </p><p>being withdrawn and melted in the '90's. Today the coin is just slightly elusive </p><p>in worn condition since some escaped melting and a few went home with tourists </p><p>over the years but in Unc is is quite scarce and commands $1300. </p><p><br /></p><p>This aluminum is worth over thirty thousand per troy ounce!!! It's already worth</p><p>twenty times its weight in gold. Imagine if it had the same sort of demand that </p><p>an old US coin has![/QUOTE]</p><p><br /></p>
[QUOTE="cladking, post: 1674145, member: 68"]Four fold increases in a year are pretty tame by the standards of moderns where even the rarest coins can be priced for a dollar or two. The reason almost all moderns are still cheap isn't that they are common, it's that there is almost no demand. All it takes is a few collectors trying to find one to push the price way higher. There's no demand because collectors have always preferred precious metals and modern coins are percieved as debased junk poorly made in enormous quan- tities. Few people have anything but disdain for aluminum coins made in large quantities so they aren't set aside and aluminum wears and erodes away very quickly leaving no trace in circulation or garbage dumps. The most dramatic ex- ample of an aluminum coin that wasn't saved is the 1950-E East German 10p. Even though it was made in staggering numbers it circulated for decades before being withdrawn and melted in the '90's. Today the coin is just slightly elusive in worn condition since some escaped melting and a few went home with tourists over the years but in Unc is is quite scarce and commands $1300. This aluminum is worth over thirty thousand per troy ounce!!! It's already worth twenty times its weight in gold. Imagine if it had the same sort of demand that an old US coin has![/QUOTE]
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