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<p>[QUOTE="cladking, post: 1257780, member: 68"]You're missing my point. It's not the mintage that matters. Those very high priced Russian moderns were made in staggering numbers. None of the mintages are reported but this was a major world economy and much of the business of the nation was made with cash. 50 kopeks was real money and one could get a cup of coffee and piece of pie with one of these coins. The mintages were generally in the hundreds of millions most likely though they had more denominations to spread the mintages among. A 1969 5 k isn't worth close to a thousand dollars because it was rare nor is it worth this much because the demand has suddenly gone through the roof. Most Russian coin collectors still prefer the old silver, gold (and platinum) coins just like American collectors. The price went up a thousand fold because there are a very very few collectors who want one and almost none around. </p><p><br /></p><p>This is the exact same thing that applies to US coins. Try finding a 1972-D type "b" reverse quarter. Thisa coin had a very high mintage that probably approached 100,000 yet can't be found today and when it is found will be in VG condition. How many collectors will it take to drive the price of this coin sharply higher? Ten? Twenty? With the number of clad collectors increasing year in and year out it really is just a matter of time. </p><p><br /></p><p>This same thing is going on all over the world. Modern coins weren't saved and now when a few people seek them out they aren't available. Nothing can change this. It is a given. The only thing open to question is when and how much this demand will materialize. It happened elsewhere first because the exploding middle classes have put demand on collectibles. </p><p><br /></p><p>My intention was not to create any animosity here. Everyone has a right to his preferences and they even have a right to not like other peoples' preferences. But the facts remain the same; clads are scarce and love 'em or hate 'em it's a buyers market and won't stay this way forever.[/QUOTE]</p><p><br /></p>
[QUOTE="cladking, post: 1257780, member: 68"]You're missing my point. It's not the mintage that matters. Those very high priced Russian moderns were made in staggering numbers. None of the mintages are reported but this was a major world economy and much of the business of the nation was made with cash. 50 kopeks was real money and one could get a cup of coffee and piece of pie with one of these coins. The mintages were generally in the hundreds of millions most likely though they had more denominations to spread the mintages among. A 1969 5 k isn't worth close to a thousand dollars because it was rare nor is it worth this much because the demand has suddenly gone through the roof. Most Russian coin collectors still prefer the old silver, gold (and platinum) coins just like American collectors. The price went up a thousand fold because there are a very very few collectors who want one and almost none around. This is the exact same thing that applies to US coins. Try finding a 1972-D type "b" reverse quarter. Thisa coin had a very high mintage that probably approached 100,000 yet can't be found today and when it is found will be in VG condition. How many collectors will it take to drive the price of this coin sharply higher? Ten? Twenty? With the number of clad collectors increasing year in and year out it really is just a matter of time. This same thing is going on all over the world. Modern coins weren't saved and now when a few people seek them out they aren't available. Nothing can change this. It is a given. The only thing open to question is when and how much this demand will materialize. It happened elsewhere first because the exploding middle classes have put demand on collectibles. My intention was not to create any animosity here. Everyone has a right to his preferences and they even have a right to not like other peoples' preferences. But the facts remain the same; clads are scarce and love 'em or hate 'em it's a buyers market and won't stay this way forever.[/QUOTE]
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