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<p>[QUOTE="medoraman, post: 3974026, member: 26302"]Spot on, (get it, spot pun?, yeah, sorry).</p><p><br /></p><p>Rarity is but one half of the equation though, right? Everyone who talks about rarity, etc is completely ignoring demand. I have a few ancients now that everyone who knows the series say are unique, yet they are not worth much. You have a 1916d dime that 264,000 were minted yet worth a lot more. One of the most common ancient coins are Athenian tets, but they still go for near or over $1000 a piece even though there literally are hundreds of thousands of them.</p><p><br /></p><p>Demand is the real key to coin prices, not supply. This is talking about collectability. For bullion coins, PM price is what matters. There are two distinct things here going on, so be careful. Way too many bullion collectors start buying "scarcer" bullion coins, paying higher and higher premiums. However, what is your INTENT with this money. If it is to buy bullion, then paying higher premiums is a waste of money. If you wish to speculate that a certain bullion piece MAY increase premiums in the future due to demand increasing, you can bet that way, just recognize you are no longer buying bullion really, you are betting on the demand curve in a collectibles field, something not for the faint of heart. Now, do it at no or tiny increased premium over normal overages, and you haven't lost much versus buying other bullion. Just think through what you are using your money for, and if it still is in line with your original intent.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 3974026, member: 26302"]Spot on, (get it, spot pun?, yeah, sorry). Rarity is but one half of the equation though, right? Everyone who talks about rarity, etc is completely ignoring demand. I have a few ancients now that everyone who knows the series say are unique, yet they are not worth much. You have a 1916d dime that 264,000 were minted yet worth a lot more. One of the most common ancient coins are Athenian tets, but they still go for near or over $1000 a piece even though there literally are hundreds of thousands of them. Demand is the real key to coin prices, not supply. This is talking about collectability. For bullion coins, PM price is what matters. There are two distinct things here going on, so be careful. Way too many bullion collectors start buying "scarcer" bullion coins, paying higher and higher premiums. However, what is your INTENT with this money. If it is to buy bullion, then paying higher premiums is a waste of money. If you wish to speculate that a certain bullion piece MAY increase premiums in the future due to demand increasing, you can bet that way, just recognize you are no longer buying bullion really, you are betting on the demand curve in a collectibles field, something not for the faint of heart. Now, do it at no or tiny increased premium over normal overages, and you haven't lost much versus buying other bullion. Just think through what you are using your money for, and if it still is in line with your original intent.[/QUOTE]
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