Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
World Coins
>
Higher Denominations Exponentially More Expensive
>
Reply to Thread
Message:
<p>[QUOTE="1934 Wreath Crown, post: 3168126, member: 76965"]When I first started collecting coins, in particular sovereigns, I remember reading on another forum that true sovereign collectors only collect the full Sovereign, that this made the full Sovereign more desirable and gave it a higher likelihood of being more valuable in the future. While monetary profit might not be the primary motive for many, I still maintain that most collectors would hope to have a valuable asset from their hobby (any collection) at the end of the day. I don’t think anyone collects anything with the intention of losing a large amount of money on it.</p><p><br /></p><p>I must admit, the opinion of other more experienced collectors did influence my motive when I decided to make the full Sovereign the main focus of my collection. However, a few years ago I noticed that with the exception of very rare or desirable years or types, the larger denominations, in particular the quintuple Sovereign or Five Pound have proven to be much more sensible investments. The prices being achieved by the larger denomination coins far exceeds the extra precious metal content.</p><p><br /></p><p>To me this seems quite logical as, generally, fewer numbers of the large denomination coins are minted. Furthermore, I have observed that this trend also seems to be true not only of the majority of Two and Five Guinea coins but also for other larger denomination world coins, be they modern or ancient.</p><p><br /></p><p>I attribute this to the fact that not only were the larger denominations produced in smaller numbers but the ‘opportunity cost’ of holding or hoarding these would have been higher as well. I’m trying to get a few of the bigger denominations in my collection but many of the better grade older offerings are prohibitively priced. For now the more recent issues will have to do.</p><p><br /></p><p>It would be interesting to hear the opinions and experiences of fellow CT members. </p><p>Do you agree with the above observations about the ‘bigger sibling’? </p><p>Did your collection criteria change direction for any particular reason? </p><p>Which countries/coinage do you expect to show an upward trend and why!![/QUOTE]</p><p><br /></p>
[QUOTE="1934 Wreath Crown, post: 3168126, member: 76965"]When I first started collecting coins, in particular sovereigns, I remember reading on another forum that true sovereign collectors only collect the full Sovereign, that this made the full Sovereign more desirable and gave it a higher likelihood of being more valuable in the future. While monetary profit might not be the primary motive for many, I still maintain that most collectors would hope to have a valuable asset from their hobby (any collection) at the end of the day. I don’t think anyone collects anything with the intention of losing a large amount of money on it. I must admit, the opinion of other more experienced collectors did influence my motive when I decided to make the full Sovereign the main focus of my collection. However, a few years ago I noticed that with the exception of very rare or desirable years or types, the larger denominations, in particular the quintuple Sovereign or Five Pound have proven to be much more sensible investments. The prices being achieved by the larger denomination coins far exceeds the extra precious metal content. To me this seems quite logical as, generally, fewer numbers of the large denomination coins are minted. Furthermore, I have observed that this trend also seems to be true not only of the majority of Two and Five Guinea coins but also for other larger denomination world coins, be they modern or ancient. I attribute this to the fact that not only were the larger denominations produced in smaller numbers but the ‘opportunity cost’ of holding or hoarding these would have been higher as well. I’m trying to get a few of the bigger denominations in my collection but many of the better grade older offerings are prohibitively priced. For now the more recent issues will have to do. It would be interesting to hear the opinions and experiences of fellow CT members. Do you agree with the above observations about the ‘bigger sibling’? Did your collection criteria change direction for any particular reason? Which countries/coinage do you expect to show an upward trend and why!![/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
World Coins
>
Higher Denominations Exponentially More Expensive
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...