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<p>[QUOTE="dougsmit, post: 4601610, member: 19463"]I'd like to propose a 'test' for rarity. Let's say I were to make a well publicized offer to pay five times the going rate for a particular coin or group of coins. If the coin is really rare, I would get zero to just a few examples offered. Many coins are not for sale for any price; some belong to museums while others belong to collectors who care for the coins more than the cash. If there are no coins, it makes no difference, there will be no sales. I buy coins I want. If I were to sell them for 5x I may have cash but not the coin I wanted and no way to replace them. That is not the way with most modern coins. If I were to offer $5000 for coins matching a $1000 sale in the last Heritage US sale, how many would I get? How many offers would I get asking for $10,000? That is the difference separating ancients and moderns. I am not going to offer 5x for 'rare ancients' as a group but there are coins that I would like. How much would I pay? I wonder. </p><p><br /></p><p>Very few people want the sames ones I do which makes it nice that there are so many different coins. If all ancient collectors wanted the same ones I do, I would have none. </p><p><br /></p><p><br /></p><p>Those people who only care for investment potential are the people I would be happy to scare away. We ancients collectors (not investors) understand that we all have different wants but we allow each other's strangeness. Those who fail to understand that would be happier with slabbed Morgan super-grades. If all your coins mean to you is their profit potential, we have nothing to share.[/QUOTE]</p><p><br /></p>
[QUOTE="dougsmit, post: 4601610, member: 19463"]I'd like to propose a 'test' for rarity. Let's say I were to make a well publicized offer to pay five times the going rate for a particular coin or group of coins. If the coin is really rare, I would get zero to just a few examples offered. Many coins are not for sale for any price; some belong to museums while others belong to collectors who care for the coins more than the cash. If there are no coins, it makes no difference, there will be no sales. I buy coins I want. If I were to sell them for 5x I may have cash but not the coin I wanted and no way to replace them. That is not the way with most modern coins. If I were to offer $5000 for coins matching a $1000 sale in the last Heritage US sale, how many would I get? How many offers would I get asking for $10,000? That is the difference separating ancients and moderns. I am not going to offer 5x for 'rare ancients' as a group but there are coins that I would like. How much would I pay? I wonder. Very few people want the sames ones I do which makes it nice that there are so many different coins. If all ancient collectors wanted the same ones I do, I would have none. Those people who only care for investment potential are the people I would be happy to scare away. We ancients collectors (not investors) understand that we all have different wants but we allow each other's strangeness. Those who fail to understand that would be happier with slabbed Morgan super-grades. If all your coins mean to you is their profit potential, we have nothing to share.[/QUOTE]
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