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<p>[QUOTE="GDJMSP, post: 3168152, member: 112"]I would readily agree that this is what most collectors "hope" to have happen. And there are even a substantial number of collectors where investment IS their primary purpose in collecting. In fact I believe most collectors EXPECT to make money on their collection.</p><p><br /></p><p><br /></p><p><br /></p><p>Again, I would agree that no one collects "intending" to lose money on their collection. But I only say that because intention or intending means that is their purpose for collecting.</p><p><br /></p><p>That said, reality is that 95% or more of collectors DO lose money on their collections when those collections are eventually sold. But it is not that they intended for that to happen, but rather that they were completely unaware that it was almost a certainty that that was going to be the outcome.</p><p><br /></p><p><br /></p><p><br /></p><p>I agree with some of it. For example, yes, the larger denomination coins are more expensive than their smaller counterparts - as a general rule. But as you noted there are exceptions. Something I don't agree with would be your comments regarding mintage numbers, but I do understand your thinking. A great many collectors, and I'm hesitant to put it this way but I don't know any other way TO put it, are of the opinion that high or low mintage numbers equate to value. But that is most definitely not the case ! In point of fact mintage numbers rarely have anything at all to do with the value of a coin - except in a very few cases. The thing that plays a large part in determining value is how many examples of a coin exist NOW, not how many were originally made. And this is always coupled with the popularity of the coin in question.</p><p><br /></p><p>For example, mintage numbers are always a relative issue, as in what's high and what's low. In some cases a few thousand would be high, even very high. In others a hundred thousand would be low, some very low. And the time period in question also plays a part in determining mintage numbers, though few are aware of that fact, and why it plays a large part. In a great many time periods it was current bullion flows that determined the mintage numbers of given coins. In other words, if there was very little gold available during a given time period then there would be very few gold coins, of any denomination, minted during that same time period. But the very next year there may be a great many of them.</p><p><br /></p><p>Bottom line, it is the number extant and popularity that play the largest parts in determining the value of a given coin.</p><p><br /></p><p><br /></p><p><br /></p><p>Mine personally ? No, but then that's largely because mine was rather eclectic to say the least. I only ever bought coins because I liked them, not because of their value or rarity. Though I will readily admit that rarity can make them more desirable - but that's only assuming that I liked them to begin with. For example, a coin could be among the rarest in the world, and cheap, but I wouldn't buy it if I didn't like it.</p><p><br /></p><p><br /></p><p><br /></p><p>In all honesty there's no telling. But it will be whichever ones where somebody drives up their popularity. And in those cases scarcity will have nothing to do with it.</p><p><br /></p><p>Now some might be sitting there saying to themselves and how does somebody do THAT ? Well, it's a lot easier than you might think. Sometimes it happens on coin forums just like this one. Somebody starts posting pictures of a coin and talking about them that very few people collect, and the coins can be common or scarce. But because people have never been exposed to this coin they are quite simply unfamiliar with it. But once they see it, they decide they like it. And if it's inexpensive to begin with they'll start buying them. And once they do then they'll start posting pictures and talking about them. And then others do the same thing. And pretty soon the bandwagon effect is created. </p><p><br /></p><p>Think it doesn't happen ? Well ya better think again because it's happened several times just in the few years that this forum,and others like it, have existed.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 3168152, member: 112"]I would readily agree that this is what most collectors "hope" to have happen. And there are even a substantial number of collectors where investment IS their primary purpose in collecting. In fact I believe most collectors EXPECT to make money on their collection. Again, I would agree that no one collects "intending" to lose money on their collection. But I only say that because intention or intending means that is their purpose for collecting. That said, reality is that 95% or more of collectors DO lose money on their collections when those collections are eventually sold. But it is not that they intended for that to happen, but rather that they were completely unaware that it was almost a certainty that that was going to be the outcome. I agree with some of it. For example, yes, the larger denomination coins are more expensive than their smaller counterparts - as a general rule. But as you noted there are exceptions. Something I don't agree with would be your comments regarding mintage numbers, but I do understand your thinking. A great many collectors, and I'm hesitant to put it this way but I don't know any other way TO put it, are of the opinion that high or low mintage numbers equate to value. But that is most definitely not the case ! In point of fact mintage numbers rarely have anything at all to do with the value of a coin - except in a very few cases. The thing that plays a large part in determining value is how many examples of a coin exist NOW, not how many were originally made. And this is always coupled with the popularity of the coin in question. For example, mintage numbers are always a relative issue, as in what's high and what's low. In some cases a few thousand would be high, even very high. In others a hundred thousand would be low, some very low. And the time period in question also plays a part in determining mintage numbers, though few are aware of that fact, and why it plays a large part. In a great many time periods it was current bullion flows that determined the mintage numbers of given coins. In other words, if there was very little gold available during a given time period then there would be very few gold coins, of any denomination, minted during that same time period. But the very next year there may be a great many of them. Bottom line, it is the number extant and popularity that play the largest parts in determining the value of a given coin. Mine personally ? No, but then that's largely because mine was rather eclectic to say the least. I only ever bought coins because I liked them, not because of their value or rarity. Though I will readily admit that rarity can make them more desirable - but that's only assuming that I liked them to begin with. For example, a coin could be among the rarest in the world, and cheap, but I wouldn't buy it if I didn't like it. In all honesty there's no telling. But it will be whichever ones where somebody drives up their popularity. And in those cases scarcity will have nothing to do with it. Now some might be sitting there saying to themselves and how does somebody do THAT ? Well, it's a lot easier than you might think. Sometimes it happens on coin forums just like this one. Somebody starts posting pictures of a coin and talking about them that very few people collect, and the coins can be common or scarce. But because people have never been exposed to this coin they are quite simply unfamiliar with it. But once they see it, they decide they like it. And if it's inexpensive to begin with they'll start buying them. And once they do then they'll start posting pictures and talking about them. And then others do the same thing. And pretty soon the bandwagon effect is created. Think it doesn't happen ? Well ya better think again because it's happened several times just in the few years that this forum,and others like it, have existed.[/QUOTE]
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