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High prices of US coins due to greed?
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<p>[QUOTE="900fine, post: 1389338, member: 6036"]There's a lot of truth to this.</p><p><br /></p><p>IMO, the dominant factor is "demand by US collectors to fill a date/mm set". Just think about how many of those blue Whitman folders were sold to 13 year old paper boys back in the day... millions of 'em. That folder increased demand greatly. It affected the mind-set of kids, and now those same kids are grown-up and "gotta collect 'em all".</p><p><br /></p><p>For that reason, a 1909-S VDB cent is expensive, but certainly not rare.</p><p><br /></p><p><br /></p><p>I'm not so sure on this one. I think almost all keys are, in fact, significantly scarcer. </p><p><br /></p><p>For example, people search rolls to complete their Lincoln set and never find certain dates, so they have to pay extra for those dates. Those "certain dates" are truly scarcer; the large number of people competing for them drives up the price in true free-market "supply and demand" fashion.</p><p><br /></p><p>The 1914-D Lincoln cent truly is scarcer and a true key; calling a 1958-D a "key" would not artificially drive up it's price. There simply isn't enough lipstick for that pig.</p><p><br /></p><p>That said, I am aware that certain issues temporarily go up in price due to promotions or novelty; however, that bubble almost always bursts and the prices come back in line with reasonable prices.[/QUOTE]</p><p><br /></p>
[QUOTE="900fine, post: 1389338, member: 6036"]There's a lot of truth to this. IMO, the dominant factor is "demand by US collectors to fill a date/mm set". Just think about how many of those blue Whitman folders were sold to 13 year old paper boys back in the day... millions of 'em. That folder increased demand greatly. It affected the mind-set of kids, and now those same kids are grown-up and "gotta collect 'em all". For that reason, a 1909-S VDB cent is expensive, but certainly not rare. I'm not so sure on this one. I think almost all keys are, in fact, significantly scarcer. For example, people search rolls to complete their Lincoln set and never find certain dates, so they have to pay extra for those dates. Those "certain dates" are truly scarcer; the large number of people competing for them drives up the price in true free-market "supply and demand" fashion. The 1914-D Lincoln cent truly is scarcer and a true key; calling a 1958-D a "key" would not artificially drive up it's price. There simply isn't enough lipstick for that pig. That said, I am aware that certain issues temporarily go up in price due to promotions or novelty; however, that bubble almost always bursts and the prices come back in line with reasonable prices.[/QUOTE]
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High prices of US coins due to greed?
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