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<p>[QUOTE="GDJMSP, post: 989331, member: 112"]You're still not getting the point. You still think that a high mintage number indicates that there are large numbers of high grade coins. But it doesn't. THAT is what I have been trying to tell you. It doesn't matter if there were 200,000 coins minted or 20 billion minted - the number of high grade examples in both cases is going to be very low.</p><p><br /></p><p><br /></p><p> </p><p>You are correct about 1 thing here, current issue coins typically do not demand premiums and they never have. However, you also have to understand that it's only been for the past 24 years that a grade above MS65 has even existed. MS65 was as high as the grades went. So of course there were no premiums paid for current issue high grade coins because there never were any high grade coins.</p><p><br /></p><p>Yes I know the grade MS70 was first used in 1977. However, there were none of them around then and there still aren't. So the 70 grade does not count.</p><p><br /></p><p>And for the record, I am not in any way that the $4000 price tag on that coin is justified. I am merely stating that high dollar prices for high grade coins are justified.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 989331, member: 112"]You're still not getting the point. You still think that a high mintage number indicates that there are large numbers of high grade coins. But it doesn't. THAT is what I have been trying to tell you. It doesn't matter if there were 200,000 coins minted or 20 billion minted - the number of high grade examples in both cases is going to be very low. You are correct about 1 thing here, current issue coins typically do not demand premiums and they never have. However, you also have to understand that it's only been for the past 24 years that a grade above MS65 has even existed. MS65 was as high as the grades went. So of course there were no premiums paid for current issue high grade coins because there never were any high grade coins. Yes I know the grade MS70 was first used in 1977. However, there were none of them around then and there still aren't. So the 70 grade does not count. And for the record, I am not in any way that the $4000 price tag on that coin is justified. I am merely stating that high dollar prices for high grade coins are justified.[/QUOTE]
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