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<p>[QUOTE="see323, post: 214870, member: 8291"]I agree with what is said. High mintage coins are generally produce to let many people collect them. They may be created with an attractive design. It caters to different groups of collectors. I term them as casual collectors. They see what they like and they buy. Generally, they are not so much bothered with the price since they are prices at an afforable range. Nothing against these group of collectors. Different people have different way of getting the most out of their collecting hobby. </p><p><br /></p><p>The low mintage coins are produced for specialized or serious collectors. They are usually sold at higher prices. As the coins produced in small quantity, it's objective is to increase the rarity of these coins. Over the years, the prices of these coins increased. Apart from rarity, there are many other factors affecting the price. There may be something special about the coins. Sometimes, it may be due to an error in design or misprint during the production ( quite unlikely for modern coins ).Or it could be the first or last coins produced for something etc. It also depend greatly on the type of collecton popularity. If many collectors love to collect commemorative or even some festival, the coins will be in great demand. </p><p><br /></p><p>Interestingly, there are rare coins in international auction, if you are a serious buyer and have a full knowledge of these rare coins, it is possible that you may win the coins at a bargain. Here is an example. A set of rare coins ( only two known sets ) was sold at 600 pounds. A few years later, the same set of coins was sold by the auction winner at 120,000 pounds. Knowledge, right location, right timing, right environment are important factors when you purchased a coin or a banknote. Whether it is for your collection or for investment, one would always wonder after keeping for 20 years, what will be the current market value. It is true that a rare coin or banknotes does not have a market value or pricing. Market value or pricing depends greatly on similiar coins or banknotes being transaction earlier. These prices may be used as a guide to future pricing. </p><p><br /></p><p>I stopped collecting coins many years ago, but I still continue with banknotes which I specializes on world solid numbers banknotes as my lifelong collection.[/QUOTE]</p><p><br /></p>
[QUOTE="see323, post: 214870, member: 8291"]I agree with what is said. High mintage coins are generally produce to let many people collect them. They may be created with an attractive design. It caters to different groups of collectors. I term them as casual collectors. They see what they like and they buy. Generally, they are not so much bothered with the price since they are prices at an afforable range. Nothing against these group of collectors. Different people have different way of getting the most out of their collecting hobby. The low mintage coins are produced for specialized or serious collectors. They are usually sold at higher prices. As the coins produced in small quantity, it's objective is to increase the rarity of these coins. Over the years, the prices of these coins increased. Apart from rarity, there are many other factors affecting the price. There may be something special about the coins. Sometimes, it may be due to an error in design or misprint during the production ( quite unlikely for modern coins ).Or it could be the first or last coins produced for something etc. It also depend greatly on the type of collecton popularity. If many collectors love to collect commemorative or even some festival, the coins will be in great demand. Interestingly, there are rare coins in international auction, if you are a serious buyer and have a full knowledge of these rare coins, it is possible that you may win the coins at a bargain. Here is an example. A set of rare coins ( only two known sets ) was sold at 600 pounds. A few years later, the same set of coins was sold by the auction winner at 120,000 pounds. Knowledge, right location, right timing, right environment are important factors when you purchased a coin or a banknote. Whether it is for your collection or for investment, one would always wonder after keeping for 20 years, what will be the current market value. It is true that a rare coin or banknotes does not have a market value or pricing. Market value or pricing depends greatly on similiar coins or banknotes being transaction earlier. These prices may be used as a guide to future pricing. I stopped collecting coins many years ago, but I still continue with banknotes which I specializes on world solid numbers banknotes as my lifelong collection.[/QUOTE]
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