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<p>[QUOTE="rick, post: 62253, member: 1235"]that's exactly right. And if the fat of the fad followers buy into coin collecting, the exact same thing will happen with coins as with beanie babies, pokemon cards, and so forth... By and large, these people buy them with the expectation that they will make millions by opening up their online stores, and so forth. But every market, even coins, follows the biggest fool theory - eventually you reach the biggest fool, and nobody else will pay more for that coin, and that guy doesn't want to stomach a loss... the whole game collapses - it has happened with coins, and it is in the process of happening again... where we are in the process is the matter of debate.</p><p> </p><p>As for the currency devaluation - I doubt it would have much an effect on the rare coin market, except that it would take more money to purchase the same coin. But actually, I think the reverse tends to happen... when the value of money goes down, it takes more of it to purchase the same thing. Rare coins aren't tied to the actual face value, so the actual market value should have very little effect.[/QUOTE]</p><p><br /></p>
[QUOTE="rick, post: 62253, member: 1235"]that's exactly right. And if the fat of the fad followers buy into coin collecting, the exact same thing will happen with coins as with beanie babies, pokemon cards, and so forth... By and large, these people buy them with the expectation that they will make millions by opening up their online stores, and so forth. But every market, even coins, follows the biggest fool theory - eventually you reach the biggest fool, and nobody else will pay more for that coin, and that guy doesn't want to stomach a loss... the whole game collapses - it has happened with coins, and it is in the process of happening again... where we are in the process is the matter of debate. As for the currency devaluation - I doubt it would have much an effect on the rare coin market, except that it would take more money to purchase the same coin. But actually, I think the reverse tends to happen... when the value of money goes down, it takes more of it to purchase the same thing. Rare coins aren't tied to the actual face value, so the actual market value should have very little effect.[/QUOTE]
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