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Is This Guy Nuts?!?! 2010-D Nickel, PCGS MS-68 Full Steps for $4,000?!?!
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<p>[QUOTE="dougsmit, post: 990180, member: 19463"]Modern collectors don't want to hear from ancient collectors. We know that rarity, absolute or condition, means absolutely nothing. We can show a coin that is the only specimen known of the type; we can show a coin that is the best known of the type but still only grades fine but neither of these coins sell for for any more than similar coins that exist by the hundreds or thousands. What makes a coin worth more than melt/face is that there are more people willing to pay for it than there are specimens for sale. Collectors assume that enough people collect by date and mintmark to pay extra for one date over another. If type sets were again to become the rage, the value of key dates would fall. There was a time that a collection was ranked highly based on the number of different coins it contained. Today we have a lot of people willing to pay for minutia of grade. A century from now we have no idea which our great grandkids will prefer for their cash: my $10 ancient 'only known'; my 'best known' that cost $35; or will it be that five cent nickel in a yellowed plastic slab with MS-68 on the front? Who cares? We'll all be dead so meanwhile have fun an spend your $4k where it will bring you the most smiles.[/QUOTE]</p><p><br /></p>
[QUOTE="dougsmit, post: 990180, member: 19463"]Modern collectors don't want to hear from ancient collectors. We know that rarity, absolute or condition, means absolutely nothing. We can show a coin that is the only specimen known of the type; we can show a coin that is the best known of the type but still only grades fine but neither of these coins sell for for any more than similar coins that exist by the hundreds or thousands. What makes a coin worth more than melt/face is that there are more people willing to pay for it than there are specimens for sale. Collectors assume that enough people collect by date and mintmark to pay extra for one date over another. If type sets were again to become the rage, the value of key dates would fall. There was a time that a collection was ranked highly based on the number of different coins it contained. Today we have a lot of people willing to pay for minutia of grade. A century from now we have no idea which our great grandkids will prefer for their cash: my $10 ancient 'only known'; my 'best known' that cost $35; or will it be that five cent nickel in a yellowed plastic slab with MS-68 on the front? Who cares? We'll all be dead so meanwhile have fun an spend your $4k where it will bring you the most smiles.[/QUOTE]
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Is This Guy Nuts?!?! 2010-D Nickel, PCGS MS-68 Full Steps for $4,000?!?!
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