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American coins are boring and overpriced.
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<p>[QUOTE="calcol, post: 3990819, member: 77639"]I think there is a difference between overpriced and high-priced. Overpriced is when someone asks more than fair market price. There is plenty of that among U.S, world and ancient coin sellers. However, it's a lot easier to determine fair market price of U.S. coins compared to world coins. That's because of good and pervasive third party grading, numerous price guides, and easy availability of auction prices realized.</p><p><br /></p><p>High-priced is self explanatory and exists for all coin groups. You can easily put US$30K into a 1889-CC Morgan dollar or a William IV proof crown ... take your choice.</p><p><br /></p><p>I do think world coins have more potential for price appreciation than U.S. coins, and for multiple reasons. The internet and publications have made it easier to obtain info on world coins ... things like mintages, historical data, and sale prices. Median incomes are rising in many parts of the world, and more folks are getting disposable income ... income that can be put into non-necessities like coins. These folks will want to collect coins of their own country or region.</p><p><br /></p><p>Another factor is that third party grading is becoming more accepted and common in the rest of the world. Third party grading gives folks more faith in the authenticity and grade of coins. We love to criticize TPG companies. But I remember things before TPGs became established in the 1980's. I gave-up collecting U.S. coins for a couple of decades and switched to ancients because grading by dealers and auction houses was so inconsistent. Compared to the chaos and chicanery that existed back in the old days, problems with TPGs are near trivial.</p><p><br /></p><p>I collect both U.S. and world coins. There is plenty to admire and be of interest in both groups. I could spend several lifetimes learning about both and more money than I could ever earn acquiring both. Go for what interests and pleases you ... and if you fancy one group, don't put down the other.</p><p><br /></p><p>Cal[/QUOTE]</p><p><br /></p>
[QUOTE="calcol, post: 3990819, member: 77639"]I think there is a difference between overpriced and high-priced. Overpriced is when someone asks more than fair market price. There is plenty of that among U.S, world and ancient coin sellers. However, it's a lot easier to determine fair market price of U.S. coins compared to world coins. That's because of good and pervasive third party grading, numerous price guides, and easy availability of auction prices realized. High-priced is self explanatory and exists for all coin groups. You can easily put US$30K into a 1889-CC Morgan dollar or a William IV proof crown ... take your choice. I do think world coins have more potential for price appreciation than U.S. coins, and for multiple reasons. The internet and publications have made it easier to obtain info on world coins ... things like mintages, historical data, and sale prices. Median incomes are rising in many parts of the world, and more folks are getting disposable income ... income that can be put into non-necessities like coins. These folks will want to collect coins of their own country or region. Another factor is that third party grading is becoming more accepted and common in the rest of the world. Third party grading gives folks more faith in the authenticity and grade of coins. We love to criticize TPG companies. But I remember things before TPGs became established in the 1980's. I gave-up collecting U.S. coins for a couple of decades and switched to ancients because grading by dealers and auction houses was so inconsistent. Compared to the chaos and chicanery that existed back in the old days, problems with TPGs are near trivial. I collect both U.S. and world coins. There is plenty to admire and be of interest in both groups. I could spend several lifetimes learning about both and more money than I could ever earn acquiring both. Go for what interests and pleases you ... and if you fancy one group, don't put down the other. Cal[/QUOTE]
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American coins are boring and overpriced.
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