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<p>[QUOTE="GoldFinger1969, post: 26686740, member: 73489"]Remember the 3 types of buyers for coins which determines the demand which must be satisfied at each level. Here's a guide for Saints based on what experts in the field have guestimated:</p><p><br /></p><ol> <li><b>Registry Collectors, including the Top ones who can pay any $$$. </b> You are talking maybe 500 to 1,000 of largely price-insensitive buyers who pretty much want at least 1 of every available coin in a set like Saints</li> <li><b>Type Collectors, who may just want 1 or 2 coins of a large series like Saints or maybe a few dozen in total. </b> They may buy just 1 of each year/mint or a few. You might have 25,000 to 50,000 (more ?) here. Price matters, especially if they already have the coin: a Type Collector with an MS-65 1924 is unlikely to want to add an MS-66 unless he has plenty of $$$.</li> <li><b>Investor Collectors, who are looking to buy gold or silver contained in a coin series like Saints. </b> You could have hundreds of thousands here buying the coins from late-night infomercials like RCTV or Blanchard. My clients in the 1980's and 1990's were buying these coins, and I was asleep at the wheel when Gem Saints were under $1,000 !! <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie4" alt=":mad:" unselectable="on" unselectable="on" /></li> </ol><p>So since the Registry guys don't have enough of the Fab Five Saints (1929-32), the series will ALWAYS be expensive for the Type and Investor classes, who probably will never even sniff those coins.</p><p><br /></p><p>You probably need 25,000 or more coins in a series to NOT sell at an exorbitant premium given the numbers above of demand. Or you have to accept a much lower grade, assuming there are enough coins. </p><p><br /></p><p>Will be interesting to compare "common" coins in the upcoming 2nd Edition Double Eagle Red Book and how many Liberty Heads and Saints are considered common in a grade like MS-65 or maybe MS-63.[/QUOTE]</p><p><br /></p>
[QUOTE="GoldFinger1969, post: 26686740, member: 73489"]Remember the 3 types of buyers for coins which determines the demand which must be satisfied at each level. Here's a guide for Saints based on what experts in the field have guestimated: [LIST=1] [*][B]Registry Collectors, including the Top ones who can pay any $$$. [/B] You are talking maybe 500 to 1,000 of largely price-insensitive buyers who pretty much want at least 1 of every available coin in a set like Saints [*][B]Type Collectors, who may just want 1 or 2 coins of a large series like Saints or maybe a few dozen in total. [/B] They may buy just 1 of each year/mint or a few. You might have 25,000 to 50,000 (more ?) here. Price matters, especially if they already have the coin: a Type Collector with an MS-65 1924 is unlikely to want to add an MS-66 unless he has plenty of $$$. [*][B]Investor Collectors, who are looking to buy gold or silver contained in a coin series like Saints. [/B] You could have hundreds of thousands here buying the coins from late-night infomercials like RCTV or Blanchard. My clients in the 1980's and 1990's were buying these coins, and I was asleep at the wheel when Gem Saints were under $1,000 !! :mad: [/LIST] So since the Registry guys don't have enough of the Fab Five Saints (1929-32), the series will ALWAYS be expensive for the Type and Investor classes, who probably will never even sniff those coins. You probably need 25,000 or more coins in a series to NOT sell at an exorbitant premium given the numbers above of demand. Or you have to accept a much lower grade, assuming there are enough coins. Will be interesting to compare "common" coins in the upcoming 2nd Edition Double Eagle Red Book and how many Liberty Heads and Saints are considered common in a grade like MS-65 or maybe MS-63.[/QUOTE]
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Lots of below-melt silver showing up on eBay
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