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FM Rocks the House: 1982 Costa Rica 250 Colones!!
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<p>[QUOTE="cladking, post: 26096943, member: 68"]It does seem like you should be able to find this cheaper. </p><p><br /></p><p>This has been the problem all along with moderns and FM in particular. Most of the demand is from collectors who see it and like it but they aren't looking specifically for that coin. Moderns that are worth a lot are things like a scarce high grade one cent coin that someone needs for a registry set; they need that specific date and mint. My guess is a couple or few collectors got caught up in a bidding war because they wanted a coin with a jaguar or a cat of some type so needed this specific coin. Since they are not often available they were willing to try to outbid one another. </p><p><br /></p><p>I can certainly imagine how many bidders might chase a few of these low mintage FM coins in the future. There are lots of coins with mintages of a few hundred that might appeal to a very broad audience. Many even have themes that would appeal to US collectors or any collector of exotic animals, events, etc. </p><p><br /></p><p>FM made great very high quality coins, token, and medals in often very limited numbers. Even their common coins had mintages of fewer than 20,000 and the attrition can be very high on some. Future collectors will care more about the mintages and quality and less about whether or not to original buyer paid too much. They'll care more about the artistic quality and integrity. </p><p><br /></p><p>I've been saving all the low mintage and interesting pieces and everything in very high grade. Most of the rest is being melted but I certainly wouldn't have melted the 250C if I had one. </p><p><br /></p><p>FM is grossly underappreciated and this really applies even to the most common issues of world coins.[/QUOTE]</p><p><br /></p>
[QUOTE="cladking, post: 26096943, member: 68"]It does seem like you should be able to find this cheaper. This has been the problem all along with moderns and FM in particular. Most of the demand is from collectors who see it and like it but they aren't looking specifically for that coin. Moderns that are worth a lot are things like a scarce high grade one cent coin that someone needs for a registry set; they need that specific date and mint. My guess is a couple or few collectors got caught up in a bidding war because they wanted a coin with a jaguar or a cat of some type so needed this specific coin. Since they are not often available they were willing to try to outbid one another. I can certainly imagine how many bidders might chase a few of these low mintage FM coins in the future. There are lots of coins with mintages of a few hundred that might appeal to a very broad audience. Many even have themes that would appeal to US collectors or any collector of exotic animals, events, etc. FM made great very high quality coins, token, and medals in often very limited numbers. Even their common coins had mintages of fewer than 20,000 and the attrition can be very high on some. Future collectors will care more about the mintages and quality and less about whether or not to original buyer paid too much. They'll care more about the artistic quality and integrity. I've been saving all the low mintage and interesting pieces and everything in very high grade. Most of the rest is being melted but I certainly wouldn't have melted the 250C if I had one. FM is grossly underappreciated and this really applies even to the most common issues of world coins.[/QUOTE]
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FM Rocks the House: 1982 Costa Rica 250 Colones!!
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