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Is China an untapped market for selling u.s. Coinage?s
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<p>[QUOTE="World Colonial, post: 2442998, member: 78153"]The answer to your question is that except in isolation, absolutely not. If US collectors think that foreigners will be the source of future demand to substantially increase prices, they are dreaming. Here are my reasons for it:</p><p><br /></p><p>Most foreigners have no cultural affinity for US coinage or if they do, I have seen no evidence of it. I see few US coins in foreign auctions and since I don't see them on dealer websites, don't believe it's usually someone other than an American (expat) buying them from auctions anyway.</p><p><br /></p><p>US collectors are the biggest buyers of the more expensive "world" coins but the distinction is that "world coins" are much cheaper than US coins. US coins are by far the most expensive across the board. Other than "investors" buying them as "widgets" instead of another "investment", why would hardly any real foreigner collectors want to pay the same or more for US coins than their own? The South African collectors I know have the same illusion for their own coinage and it isn't remotely true either.</p><p><br /></p><p>US coins are not remotely numismatically competitive at the same price point, except at very nominal levels. Anyone here can pick any price point they want above maybe $100 or $200 and most US coins aren't comparable to what the same money can buy in other coinage. Why would hardly any foreign collectors want to do that?</p><p><br /></p><p>There is a difference between foreigners buying American goods</p><p>and having an affinity for US coinage. US made goods are either status symbols or have utility. US coins to a foreigner provide and have neither.[/QUOTE]</p><p><br /></p>
[QUOTE="World Colonial, post: 2442998, member: 78153"]The answer to your question is that except in isolation, absolutely not. If US collectors think that foreigners will be the source of future demand to substantially increase prices, they are dreaming. Here are my reasons for it: Most foreigners have no cultural affinity for US coinage or if they do, I have seen no evidence of it. I see few US coins in foreign auctions and since I don't see them on dealer websites, don't believe it's usually someone other than an American (expat) buying them from auctions anyway. US collectors are the biggest buyers of the more expensive "world" coins but the distinction is that "world coins" are much cheaper than US coins. US coins are by far the most expensive across the board. Other than "investors" buying them as "widgets" instead of another "investment", why would hardly any real foreigner collectors want to pay the same or more for US coins than their own? The South African collectors I know have the same illusion for their own coinage and it isn't remotely true either. US coins are not remotely numismatically competitive at the same price point, except at very nominal levels. Anyone here can pick any price point they want above maybe $100 or $200 and most US coins aren't comparable to what the same money can buy in other coinage. Why would hardly any foreign collectors want to do that? There is a difference between foreigners buying American goods and having an affinity for US coinage. US made goods are either status symbols or have utility. US coins to a foreigner provide and have neither.[/QUOTE]
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