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<p>[QUOTE=&quot;Lehigh96, post: 991492, member: 15309&quot;]I really think that applying beta coefficient to this conversation will do more to confuse it than clarify it.&nbsp; However, comparing the beta of circulated coins to uncirculated coins has really no bearing on the conversation.</p><p><br /></p><p>Statequarterguy is claiming that conditional rarities are much more risky than the grade right below it.&nbsp; The volatility in the coin market in the late 80&#039;s was generated by the influx of Wall Street money into investment grade certified coins.&nbsp; In general, these coins were common coins like Morgan Dollars that were graded MS65.&nbsp; To my knowledge, the Wall Street brokerage houses were not selling the conditional rarities to their clients.&nbsp; As a result common date MS65 Morgan Dollars and the like exploded in price during this time.&nbsp; The coniditional rarities increased in price as well as the entire coin market rose.&nbsp; But I would bet that the highest volatility existed in the coins that were being sold through the brokerage houses which were common date MS65&#039;s.</p><p><br /></p><p>Until I see evidence to the contrary that shows that conditional rarities lost a high percentage of their peak value than the common material during the crash of 1989, my opinion will remain unchanged.[/QUOTE]</p><p><br /></p>

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