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High prices of US coins due to greed?
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<p>[QUOTE="Detecto92, post: 1389299, member: 75105"]This is just an idea of mine. </p><p><br /></p><p>Coins from other countries are not worth near as much as some US coins. You can get some very old, low mintage, high grade coins from other countries for a fraction of the price of some us coins.</p><p><br /></p><p>But, what if the prices of US collector coins are just inflated tremendously over the years?</p><p><br /></p><p>Let's say each year all coin dealers raise their prices, but they just keep doing it, year by year, artificially inflating the prices of US coins.</p><p><br /></p><p>Prices usually work based upon supply and demand.</p><p><br /></p><p>I think the demand for old coins now are about the same. But I don't know this for fact.</p><p><br /></p><p>However today with the internet, the supply of coins are <b>higher than ever,</b> hundreds of thousands of them on the internet, all waiting for a few clicks to make it into your home. </p><p><br /></p><p>So, if it's not the dealers, then what really controls or sets the prices of coins? Who says "Ok next year the 1916-D mercury dime will be worth $30 more"?[/QUOTE]</p><p><br /></p>
[QUOTE="Detecto92, post: 1389299, member: 75105"]This is just an idea of mine. Coins from other countries are not worth near as much as some US coins. You can get some very old, low mintage, high grade coins from other countries for a fraction of the price of some us coins. But, what if the prices of US collector coins are just inflated tremendously over the years? Let's say each year all coin dealers raise their prices, but they just keep doing it, year by year, artificially inflating the prices of US coins. Prices usually work based upon supply and demand. I think the demand for old coins now are about the same. But I don't know this for fact. However today with the internet, the supply of coins are [B]higher than ever,[/B] hundreds of thousands of them on the internet, all waiting for a few clicks to make it into your home. So, if it's not the dealers, then what really controls or sets the prices of coins? Who says "Ok next year the 1916-D mercury dime will be worth $30 more"?[/QUOTE]
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