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<p>[QUOTE="Al Kowsky, post: 6625332, member: 97383"]Your hypothesis could very well explain the runup in prices for "high-end" coins & collectables, however, the "top 20% of income earners" aren't the only force driving the ancient coin market. The largest group of collectors who form the ancient coin market are people with a modest income, collectors willing to spend $50-$1,000 for the coins they like. As I've seen first hand after paring down my collection the last couple of years, coins in the $50-$1,000 range have risen in value from 25 to 200%. Many people of modest incomes have not gone on vacations & spent money on recreation because of the Covid-19 pandemic, instead they have added to their collections, as I have. Don't discount the "small fry" when it comes to hobbies, we are the real driving force, not the "high-end" earners <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" />.[/QUOTE]</p><p><br /></p>
[QUOTE="Al Kowsky, post: 6625332, member: 97383"]Your hypothesis could very well explain the runup in prices for "high-end" coins & collectables, however, the "top 20% of income earners" aren't the only force driving the ancient coin market. The largest group of collectors who form the ancient coin market are people with a modest income, collectors willing to spend $50-$1,000 for the coins they like. As I've seen first hand after paring down my collection the last couple of years, coins in the $50-$1,000 range have risen in value from 25 to 200%. Many people of modest incomes have not gone on vacations & spent money on recreation because of the Covid-19 pandemic, instead they have added to their collections, as I have. Don't discount the "small fry" when it comes to hobbies, we are the real driving force, not the "high-end" earners ;).[/QUOTE]
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