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<p>[QUOTE=&quot;V. Kurt Bellman, post: 2736385, member: 71723&quot;]Tagging [USER=27832]@-jeffB[/USER], [USER=15309]@Lehigh96[/USER], and maybe especially [USER=76863]@baseball21[/USER] with this post, and anyone else who is sanguine about trading in problem coins.</p><p><br /></p><p>I would agree totally with you if I believed something that I don&#039;t. And that belief would be that problem coins are either going to be stable or improving in their desirability in the hobby in the coming years. [As someone wrote above, extreme rarities are and will long be the exception here.] The truth of problem coins&#039; undesirability today will only get worse in the future in my opinion. They may indeed approach valuelessness.</p><p><br /></p><p>Why do I say that? Because the true collector market is shrinking. Yes, the highly casual market (see the newbs in the Error section) is fine, and the uberwealthy supercollector market is strong. But the middle is undeniably hollowing out. (See economics generally.) That means that the supply/demand calculations will also be changing in the mid-market. More and more good pieces will be chasing fewer and fewer interested collectors. Therefore they will be able to be choosier, and therefore problem coins&#039; &quot;discount&quot; will grow and approach &quot;bullion value only&quot;.</p><p><br /></p><p>I don&#039;t buy the &quot;rah rah&quot; idea that coin collecting is fine generally. It&#039;s in a slow free fall, and that has consequences.</p><p><br /></p><p>That said, I have recently bought an obvious problem coin (a 1926 Oregon Trail half) which I believe has MULTIPLE problems. I bought it to teach about problem coins. I got it for about 20% of what it would have gone for if not for the problems.[/QUOTE]</p><p><br /></p>

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