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<p>[QUOTE="fiddlehead, post: 1942984, member: 31286"]FWIW, I'm beginning to agree with your basic analysis, Josh. Since it seems that many of the 50,000 or so Gold coins haven't been minted yet, there are likely to be plenty to go around in the long run (except for those encapsulated first strike 70's I suppose). And even more of the silver coins. One thing that makes rare coins valuable is that they are rare. The other, of course, is demand/popularity. In many cases that happens because so many are circulated and become worn or destroyed. Most of these coins aren't likely to be destroyed or damaged - ever. Dustin Pedroia Bobbleheads will have far lower survival rates than these things. I suppose the example of the 1907 High Relief double eagle is somewhat contrary to that, since there are so many of them (8,000 ish?) and very few, if any were ever circulated - but I have to say that I really don't understand why they continue to bring such extreme prices. A high price, yes, but there seem to be plenty of them for sale and they still get 25 to 30K or so for them, or so it seems. Whereas, I noticed a couple of 1840 $2.5 gold coins (of which maybe 80 survive) that sold recently - one cleaned and uncertified for $350 and one certified AU50 for $1800. Go figure - just not popular I guess. So, while I think I would bet on your analysis being correct - and the long term price moving somewhat along with the precious metal market - I am at a loss when it comes to understanding what people will or won't pay big bucks for![/QUOTE]</p><p><br /></p>
[QUOTE="fiddlehead, post: 1942984, member: 31286"]FWIW, I'm beginning to agree with your basic analysis, Josh. Since it seems that many of the 50,000 or so Gold coins haven't been minted yet, there are likely to be plenty to go around in the long run (except for those encapsulated first strike 70's I suppose). And even more of the silver coins. One thing that makes rare coins valuable is that they are rare. The other, of course, is demand/popularity. In many cases that happens because so many are circulated and become worn or destroyed. Most of these coins aren't likely to be destroyed or damaged - ever. Dustin Pedroia Bobbleheads will have far lower survival rates than these things. I suppose the example of the 1907 High Relief double eagle is somewhat contrary to that, since there are so many of them (8,000 ish?) and very few, if any were ever circulated - but I have to say that I really don't understand why they continue to bring such extreme prices. A high price, yes, but there seem to be plenty of them for sale and they still get 25 to 30K or so for them, or so it seems. Whereas, I noticed a couple of 1840 $2.5 gold coins (of which maybe 80 survive) that sold recently - one cleaned and uncertified for $350 and one certified AU50 for $1800. Go figure - just not popular I guess. So, while I think I would bet on your analysis being correct - and the long term price moving somewhat along with the precious metal market - I am at a loss when it comes to understanding what people will or won't pay big bucks for![/QUOTE]
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