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<p>[QUOTE="dougsmit, post: 1394039, member: 19463"]The point is that if all that means anything to you is age, there are cheap, old coins. At the same time as the cheap ones were being made, other jurisdictions were making things that now sell for a few thousand (or hundred thousands) dollars. There are very few ancients that have broken the $million mark and that is because they are unpopular compared to certain US coins that exist in similar numbers. I suspect I could find 1000 types of ancients over 2000 years old that would sell for less than a 1909S VDB cent. The old joke is a coin failed to sell at auction despite the fact that it was one of three known examples. It seems there were only two people who cared about that type and they both already owned one. There are thousands of surviving archaic Greek silver coins and fewer collectors that want one. There are similarly thousands of surviving key date Lincoln cents and many more people who want them. There is nothing about a 1909S VDB cent that makes it 'worth' more than a 1942, 1958 or 1982. Demand, however, makes a bit of a spread in the prices. Whatever the coin, however old the coin or however beautiful the coin, when there are more available than there are people wanting to buy, the price will be low. Compare the number of people on Coin Talk that collect US and the number that collect Ancients. Do the math.[/QUOTE]</p><p><br /></p>
[QUOTE="dougsmit, post: 1394039, member: 19463"]The point is that if all that means anything to you is age, there are cheap, old coins. At the same time as the cheap ones were being made, other jurisdictions were making things that now sell for a few thousand (or hundred thousands) dollars. There are very few ancients that have broken the $million mark and that is because they are unpopular compared to certain US coins that exist in similar numbers. I suspect I could find 1000 types of ancients over 2000 years old that would sell for less than a 1909S VDB cent. The old joke is a coin failed to sell at auction despite the fact that it was one of three known examples. It seems there were only two people who cared about that type and they both already owned one. There are thousands of surviving archaic Greek silver coins and fewer collectors that want one. There are similarly thousands of surviving key date Lincoln cents and many more people who want them. There is nothing about a 1909S VDB cent that makes it 'worth' more than a 1942, 1958 or 1982. Demand, however, makes a bit of a spread in the prices. Whatever the coin, however old the coin or however beautiful the coin, when there are more available than there are people wanting to buy, the price will be low. Compare the number of people on Coin Talk that collect US and the number that collect Ancients. Do the math.[/QUOTE]
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