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<p>[QUOTE="cladking, post: 2498291, member: 68"]OK. I understand your point now but I believe you are mistaken. Indeed, my experience and knowledge say you are mistaken. </p><p> </p><p>These coins simply no longer exist. Sure they made a couple million 1973 mint sets and every single one hasn't burnt up or been flooded and I'm not saying they are all gone but rather they for all practical purposes they are "all gone". </p><p> </p><p>The reality is a few sets (~40,000) trickle onto the market every year from people who bought them from the mint. These are original sets and not cherry picked in any way (by definition). This number is more than adequate to supply new demand and the price is stable. There are another 150,000 sets in the hands of collectors, speculators, dealers, and hoarders. Other than about 150,000 sets in the hands of original purchasers this is it. There are no others. There are, of course, at least 250,000 singles and rolls of the Ikes. </p><p> </p><p>What you might not realize from these huge numbers is how few of these are actrually available to purchase. Most of these would not be sold except at substantially higher prices and most of them are not extremely attractive coins. About 60% are nice chBU or better and nice enough most collectors would be satisfied with them. </p><p> </p><p>Essentially the entire market has always consisted of only the flow of original sets onto the market plus whatever speculators are divesting themselves of. Right now this second category is high due to tarnishing sets and tired longs. </p><p> </p><p>The other coins simply aren't really available. Collectors are not extremely sophisticated and are unlikely to sell into higher prices. Speculators aren't going to be quick to sell. </p><p> </p><p>If prices went higher there is every chance that instead of spurring selling among the public, it would spur buying instead. Nothing breeds success like success.[/QUOTE]</p><p><br /></p>
[QUOTE="cladking, post: 2498291, member: 68"]OK. I understand your point now but I believe you are mistaken. Indeed, my experience and knowledge say you are mistaken. These coins simply no longer exist. Sure they made a couple million 1973 mint sets and every single one hasn't burnt up or been flooded and I'm not saying they are all gone but rather they for all practical purposes they are "all gone". The reality is a few sets (~40,000) trickle onto the market every year from people who bought them from the mint. These are original sets and not cherry picked in any way (by definition). This number is more than adequate to supply new demand and the price is stable. There are another 150,000 sets in the hands of collectors, speculators, dealers, and hoarders. Other than about 150,000 sets in the hands of original purchasers this is it. There are no others. There are, of course, at least 250,000 singles and rolls of the Ikes. What you might not realize from these huge numbers is how few of these are actrually available to purchase. Most of these would not be sold except at substantially higher prices and most of them are not extremely attractive coins. About 60% are nice chBU or better and nice enough most collectors would be satisfied with them. Essentially the entire market has always consisted of only the flow of original sets onto the market plus whatever speculators are divesting themselves of. Right now this second category is high due to tarnishing sets and tired longs. The other coins simply aren't really available. Collectors are not extremely sophisticated and are unlikely to sell into higher prices. Speculators aren't going to be quick to sell. If prices went higher there is every chance that instead of spurring selling among the public, it would spur buying instead. Nothing breeds success like success.[/QUOTE]
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