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<p>[QUOTE=&quot;World Colonial, post: 2480937, member: 78153&quot;]Agree.</p><p><br /></p><p>I have heard Australia called the &quot;lucky country&quot; for its economic and other advantages.&nbsp; The same applies to their numismatic market.</p><p><br /></p><p>In the past, I have attempted to identify the attributes which account for the difference in the price level between the US and other markets.&nbsp; I think I listed eight of them where the US has all of these but other countries have few or none.</p><p><br /></p><p>Australia also has most or all of them.&nbsp; They inherited the UK&#039;s collecting tradition.&nbsp; It is an economically prosperous country with sufficiently widespread economic affluence versus elsewhere.&nbsp; The variety and supply is large enough to maintain collector interest but not too large to suppress prices, as in most of Europe because the collector base is simply not large enough to absorb the supply at materially higher prices.&nbsp; The coins are not generally &quot;rare&quot; but the supply and quality distribution has a good balance.&nbsp; This as opposed to South Africa Union (and even other series I collect) where the coins are too scarce to be bought by more than a very low number of collectors.&nbsp; And lastly, Australian collectors are apparently also willing to pay high prices because they are used to it whereas most everywhere else, they are not.[/QUOTE]</p><p><br /></p>

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