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<p>[QUOTE=&quot;GDJMSP, post: 1885313, member: 112&quot;]Yes, the premium percentage over spot for small denomination coins is more than that for large denomination coins. That is pretty much true across the board and always has been. Even when you buy a modern bullion coin you pay more a premium for small denomination coins than you do the large ones. But that doesn&#039;t disprove the concept of what I said. </p><p><br /></p><p>And just because somebody is willing to pay more fora coin than what it is actually worth, that doesn&#039;t make it worth that much. If a coin is only $75 and somebody pays $150 for one, or even if they pay $800 for one, that does not make that coin actually worth $800. It&#039;s still only worth $75. All that high price means is that somebody didn&#039;t know what they were doing so they paid more than the coin is worth.</p><p><br /></p><p>Lemme ask you, if somebody pays $350 for a &#039;64 Kennedy half that is graded MS63, is that coin now worth $350 ? Of course not, the very idea that it would be is ludicrous. Or if somebody pays $1200 for a blatantly counterfeit &#039;93-S Morgan because they think it is genuine, is that counterfeit worth $1200 ? Again, of course not, the very idea is ludicrous.</p><p><br /></p><p>The very same thing is true of every coin. They are worth what they are worth, not what somebody pays for them, or what several somebodies pay for them. The numismatic world is full of people who pay way too much for coins, more than they are actually worth, because they don&#039;t know what they are doing.</p><p><br /></p><p>One more thing, if you have a graded and slabbed coin and there are auction records (and no I&#039;m not talking about ebay records) that show that the coin in that grade typically sells for around $1000, if you were to crack that coin out of the holder did it instantly lose any value ? No, it did not, it is still worth around $1000. It was worth around $1000 before it was slabbed, it was worth around $1000 after it was slabbed, and it is still worth around $1000 after it is cracked out. The plastic slab does not add any value, not ever.</p><p><br /></p><p>What people believe, regardless of how many of them are who believe it, does not mean something is true. There are literally millions of people who believe the planet is no more than 6,000 years old. But I think that just about everybody here knows that is not true. There are a whole lot of people who believe that a whole lot of things are true, but that does not mean that they are true.[/QUOTE]</p><p><br /></p>

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