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<p>[QUOTE="dougsmit, post: 1731721, member: 19463"]After careful consideration, I believe you went too far with the line assuming you are not crazy. I certainly would not pay $330 for that chi-rho coin but that just means I am crazy in a slightly different way making me pay $330 for something you would value at $12. </p><p><br /></p><p>In the time since the article first aired, I see a few changes but mostly in degree rather than direction. 'What is it worth?' has always been the driving force behind 90% of coin collectors and 99% of non-collectors viewing coins. Those numbers seem to be growing. When I started collecting, shops selling coins had signs in the window naming the store. Today, the biggest letters in the window read 'We Buy Gold!' </p><p><br /></p><p>When I started collecting ancient coins, I had trouble with the concept of paying a dollar (or a nickel, for that matter) for a Lincoln cent. I was able to rationalize paying a dollar for an ancient (many were 50 cents then) and even spent $13.50 on one denarius in 1963. They were somehow different and immune from my feelings that cents should be a cent. Today, as then, I would be happy if the bottom fell out of the market and I could buy tetradrachms for melt value. My collection would grow in size as it diminished in value. Unfortunately, such a crash would cause the elimination of 99% of the coin dealers/sources I rely upon so it is in my best interest for my collection and yours to retain their inflated values supported by thousands of people interested in <b>what</b> coins are worth not <b>why</b>. Why is your $330 coin worth more that its cheap brother? Rarity? Maybe, but more likely it is that there are more Christian collectors than botanists interested in whatever that is in the middle of the other coin. Why am I willing to pay more for a coin that I will never sell and could never sell without an exhaustive search for a collector that agrees with me that the coin is a keeper. Why? Because I really am crazy. Why are some Lincoln cents worth (several times) $330? It is because owners know there will be no problem finding a thousand people with $330 willing to pay for it even if they do not have the slightest idea why? How many owners of 1909s VDB know where to find the VDB on a 1917s? How many care?[/QUOTE]</p><p><br /></p>
[QUOTE="dougsmit, post: 1731721, member: 19463"]After careful consideration, I believe you went too far with the line assuming you are not crazy. I certainly would not pay $330 for that chi-rho coin but that just means I am crazy in a slightly different way making me pay $330 for something you would value at $12. In the time since the article first aired, I see a few changes but mostly in degree rather than direction. 'What is it worth?' has always been the driving force behind 90% of coin collectors and 99% of non-collectors viewing coins. Those numbers seem to be growing. When I started collecting, shops selling coins had signs in the window naming the store. Today, the biggest letters in the window read 'We Buy Gold!' When I started collecting ancient coins, I had trouble with the concept of paying a dollar (or a nickel, for that matter) for a Lincoln cent. I was able to rationalize paying a dollar for an ancient (many were 50 cents then) and even spent $13.50 on one denarius in 1963. They were somehow different and immune from my feelings that cents should be a cent. Today, as then, I would be happy if the bottom fell out of the market and I could buy tetradrachms for melt value. My collection would grow in size as it diminished in value. Unfortunately, such a crash would cause the elimination of 99% of the coin dealers/sources I rely upon so it is in my best interest for my collection and yours to retain their inflated values supported by thousands of people interested in [B]what[/B] coins are worth not [B]why[/B]. Why is your $330 coin worth more that its cheap brother? Rarity? Maybe, but more likely it is that there are more Christian collectors than botanists interested in whatever that is in the middle of the other coin. Why am I willing to pay more for a coin that I will never sell and could never sell without an exhaustive search for a collector that agrees with me that the coin is a keeper. Why? Because I really am crazy. Why are some Lincoln cents worth (several times) $330? It is because owners know there will be no problem finding a thousand people with $330 willing to pay for it even if they do not have the slightest idea why? How many owners of 1909s VDB know where to find the VDB on a 1917s? How many care?[/QUOTE]
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