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<p>[QUOTE="GDJMSP, post: 3085622, member: 112"]I'd agree with Burton that that's part of it. The other part is the industry as a whole, and that especially includes the TPGs and all of the others who produce price guides need to keep the impression that coin values are much higher than they are in the real world - just to keep their businesses up and running at a profitable margin.</p><p><br /></p><p>Think about it for a minute. If the general public knew, really knew, that prices were dropping steadily and had been doing so for 10 years now and showing no signs of slowing down, submissions to TPGs would drop off because a lot of folks would say it's not worth it anymore. Magazine subscriptions, visits to coin websites, visits to dealer sites and shops, basically anything and everything having to do with the hobby would drop off because interest in the hobby would decrease. Especially among those newer to the hobby. And I say that because a very large percentage of those who have been only been involved with the hobby for a few years maybe even 10 years, and even some for many years - do so largely because they "think" collecting coins is profitable. In other words making money is their primary incentive for even doing it ! So if they think they're gonna lose money - everything slows down ! And that's why price guides, ALL OF THEM, are and always have been worthless ! They are smoke and mirrors designed to fool people.</p><p><br /></p><p>Sadly, it usually takes a long time for collectors to finally figure out that about 95% or more of collectors lose money on their collections.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 3085622, member: 112"]I'd agree with Burton that that's part of it. The other part is the industry as a whole, and that especially includes the TPGs and all of the others who produce price guides need to keep the impression that coin values are much higher than they are in the real world - just to keep their businesses up and running at a profitable margin. Think about it for a minute. If the general public knew, really knew, that prices were dropping steadily and had been doing so for 10 years now and showing no signs of slowing down, submissions to TPGs would drop off because a lot of folks would say it's not worth it anymore. Magazine subscriptions, visits to coin websites, visits to dealer sites and shops, basically anything and everything having to do with the hobby would drop off because interest in the hobby would decrease. Especially among those newer to the hobby. And I say that because a very large percentage of those who have been only been involved with the hobby for a few years maybe even 10 years, and even some for many years - do so largely because they "think" collecting coins is profitable. In other words making money is their primary incentive for even doing it ! So if they think they're gonna lose money - everything slows down ! And that's why price guides, ALL OF THEM, are and always have been worthless ! They are smoke and mirrors designed to fool people. Sadly, it usually takes a long time for collectors to finally figure out that about 95% or more of collectors lose money on their collections.[/QUOTE]
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