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<p>[QUOTE="GDJMSP, post: 12803, member: 112"]There is one thing and only one thing that really matters to make a coin " hot " - demand. </p><p><br /></p><p>Mintage doesn't matter much - there are many coins with sizable mintages that cost a small fortune - because of demand.</p><p><br /></p><p>Collectibility doesn't matter at all - <u>everything</u> is collectible.</p><p><br /></p><p>Availability is entirely dependent upon demand. If nobody wants them - you can find them on any street corner. If everybody wants them - finding one will be tough. So availability & demand go hand in hand.</p><p><br /></p><p>Condition can and does affect price - but just look at all the coins that sell for hundreds of dollars in Good. That kind of shows that coin does not have to be MS to cost a lot. Again it is demand.</p><p><br /></p><p>This is the basic rule of economics - the more people who want something - the more that item will cost or be " hot ". And in a very big way the most powerful driving force of making a particular coin hot is notoriety, advertising - or as some say - hype. Talk enough, write enough and show it enough and it will become popular. If it becomes popular - it will have demand.</p><p><br /></p><p>To prove my point - what do you suppose a US coin with only 4 known examples would cost ? $100, 000 - $1,000,000 ? Most folks would say yes - easily. </p><p><br /></p><p>Well I own a particular Spanish colonial 4 reale coin for which there are only 4 known. Would you believe I paid just over $300 for it <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie9" alt=":eek:" unselectable="on" unselectable="on" /> </p><p><br /></p><p>As I said - demand is everything <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 12803, member: 112"]There is one thing and only one thing that really matters to make a coin " hot " - demand. Mintage doesn't matter much - there are many coins with sizable mintages that cost a small fortune - because of demand. Collectibility doesn't matter at all - [U]everything[/U] is collectible. Availability is entirely dependent upon demand. If nobody wants them - you can find them on any street corner. If everybody wants them - finding one will be tough. So availability & demand go hand in hand. Condition can and does affect price - but just look at all the coins that sell for hundreds of dollars in Good. That kind of shows that coin does not have to be MS to cost a lot. Again it is demand. This is the basic rule of economics - the more people who want something - the more that item will cost or be " hot ". And in a very big way the most powerful driving force of making a particular coin hot is notoriety, advertising - or as some say - hype. Talk enough, write enough and show it enough and it will become popular. If it becomes popular - it will have demand. To prove my point - what do you suppose a US coin with only 4 known examples would cost ? $100, 000 - $1,000,000 ? Most folks would say yes - easily. Well I own a particular Spanish colonial 4 reale coin for which there are only 4 known. Would you believe I paid just over $300 for it :eek: As I said - demand is everything ;)[/QUOTE]
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