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Is China an untapped market for selling u.s. Coinage?s
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<p>[QUOTE="World Colonial, post: 2443108, member: 78153"]There literally isn't a country in the world where the local population cannot afford to collect their local coinage at much higher prices in much larger numbers NOW, given the price level and supply. So more new millionaires is still irrelevant absent a cultural change except for pure random chance. If lack of money is the reason, why aren't more of those who can afford it doing so now? The reason is because they would rather spend their money on something else.</p><p><br /></p><p>There is no comparability between art and coinage either, except maybe for a very low number of ultra elite coins (what most others term "trophies"). Most coins are mass produced while most art is not, certainly not high end. If Chinese or other foreigners pay a lot more for the coins at the very top of the preference scale, it will make no difference to others.</p><p><br /></p><p>In at least some instances, I also don't see that the most expensive coins - especially US - are competitive versus non-coin collectibles either. As an example, the most expensive coins are in some instances within the estimates I have seen for Russian Imperial Faberge Easter eggs which are held in much higher regard except by coin collectors. No coin is in the same league to an object like that.[/QUOTE]</p><p><br /></p>
[QUOTE="World Colonial, post: 2443108, member: 78153"]There literally isn't a country in the world where the local population cannot afford to collect their local coinage at much higher prices in much larger numbers NOW, given the price level and supply. So more new millionaires is still irrelevant absent a cultural change except for pure random chance. If lack of money is the reason, why aren't more of those who can afford it doing so now? The reason is because they would rather spend their money on something else. There is no comparability between art and coinage either, except maybe for a very low number of ultra elite coins (what most others term "trophies"). Most coins are mass produced while most art is not, certainly not high end. If Chinese or other foreigners pay a lot more for the coins at the very top of the preference scale, it will make no difference to others. In at least some instances, I also don't see that the most expensive coins - especially US - are competitive versus non-coin collectibles either. As an example, the most expensive coins are in some instances within the estimates I have seen for Russian Imperial Faberge Easter eggs which are held in much higher regard except by coin collectors. No coin is in the same league to an object like that.[/QUOTE]
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