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<p>[QUOTE=&quot;johnmilton, post: 3745478, member: 101855&quot;]Demand for a coin, token or medal is FAR more important than supply. There could be only one or two examples of something, but if nobody wants it, it has no value.</p><p><br /></p><p>You would have to have quite a conspiracy going for a long time to keep the prices that high for the 1907 High Relief $20 gold. Only a few sellers breaking ranks would bring it down, and yet it has not happened.</p><p><br /></p><p>One of the factors that has kept the prices high is demand from the artworld. You see this coin listed in the artbooks as a “work of St. Gaudens.” If you are a well to do collector, but not worth tens of millions of dollars, this beautiful coin offers and opportunity to own something that was designed by “the master.” Other opportunities are limited, and only one of them, the 1893 Columbian Award Medal is really common. All of the other medals designed by St. Gaudens are very scarce to rare and usually expensive.&nbsp; </p><p><br /></p><p>Finally, you have the “trophy coin market” where those with lots of cash, and limited interest in coins, but a desire to own something large and impressive, have reason to go after this coin. This mentality has driven up the market for California $50 gold slugs.</p><p><br /></p><p>I know that there are a lot of gold coin collectors, who might specialize in the southern mints, who think this piece is way overpriced. They look at the surviving populations of what they collect, which all rarer than this coin, and wonder how the price holds up. The answer is that you have a huge audience for this coin and an intriguing story surrounding it that involves a popular U.S. president, Theodore Roosevelt. It’s just that simple.[/QUOTE]</p><p><br /></p>

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