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Message:: [QUOTE="900fine, post: 1241631, member: 6036"]I agree with much of your OP, BEC. There are a few things to consider, however... First... most so-called "key dates" are not rare coins. They're expensive common coins. How can that be ? How can a common coin be expensive ? When (and only when) demand is high. As soon as demand cools, even a little bit, certain key dates are the first to sag. For example, consider the 1909-S VDB cent. It's a common coin (rarity r.1); mintage was almost half a million. Every show, even a small one, has 'em everywhere. The current Heritage auction has 13 of 'em in grades up to MS65 Red. They usually have more. These coins are expensive ONLY because there are so many Lincoln Cent collectors. Second... there is plenty of demand for collector coins, but less than three years ago. That means... drum roll, please... it's all about quality. It's NOT about grade. It's about quality. That's true for "key" dates and type coins alike. And here's the rub... these days, it's hard to find truly quality coins, particularly early American copper (half cents and large cents). Since prices sagged a bit during the Big Beatdown of 2008-2009, many people who had great coins just stashed 'em. Many are still in hiding. Don't forget... price is all about supply and demand. That's why price changes frequently. The demand changes, but oddly enough so does supply. Supply has little to do with how many were minted. It has little to do with how many survived. It has much to do with how many are on the market right now. Finding beautiful, eye-appealing coins is work - trust me. Make no mistake - truly quality coins are expensive right now. Probably always will be. "Nice coins aren't cheap, and cheap coins aren't nice".[/QUOTE]

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