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<p>[QUOTE="pragmatic, post: 2780744, member: 88312"][USER=10461]@lordmarcovan[/USER] I read the article. It goes parallel to what I noticed in coin values from different countries. The article is very precise in not ignoring exceptions to the rule. A couple of weeks ago, I was purchasing some random coins from a local vendor; there was a palestinian coin within the pile of coins on tray. He tried to convince me to take it; but it was badly worn (letters wiped out). He further commented that coins from palestine are very expensive if in good shape. I thought he is bullshi**ng me till i went home and searched for coins from palestine. Surprisingly almost all palestenian items on ebay were expensive like hell. I later understood that they are very expensive because they are very rare, let alone the political background of these coins; they prove the existence of a state.for which reason local and arab collectors crave for these coins and buy them at any cost!! Here again, it seems to me "demand" is a major factor decisive of a coin value.</p><p><br /></p><p>As for the proof coin; if i saw that indian coin before your reply, I would have thought "wtf"! It looks more circulated than most circulated coins look.</p><p><br /></p><p>In Egypt, coin market is stagnant, because of inflation we are suffering from. This however hasn't changed yet the value of coins as they were used ro be. Paradoxically, with infation, the price of coins doubled and tripled.</p><p><br /></p><p>How long could the country and people endure inflation and economic collapse would decide how the coun marker progress or regress. It is however in the zone of the unseen.[/QUOTE]</p><p><br /></p>
[QUOTE="pragmatic, post: 2780744, member: 88312"][USER=10461]@lordmarcovan[/USER] I read the article. It goes parallel to what I noticed in coin values from different countries. The article is very precise in not ignoring exceptions to the rule. A couple of weeks ago, I was purchasing some random coins from a local vendor; there was a palestinian coin within the pile of coins on tray. He tried to convince me to take it; but it was badly worn (letters wiped out). He further commented that coins from palestine are very expensive if in good shape. I thought he is bullshi**ng me till i went home and searched for coins from palestine. Surprisingly almost all palestenian items on ebay were expensive like hell. I later understood that they are very expensive because they are very rare, let alone the political background of these coins; they prove the existence of a state.for which reason local and arab collectors crave for these coins and buy them at any cost!! Here again, it seems to me "demand" is a major factor decisive of a coin value. As for the proof coin; if i saw that indian coin before your reply, I would have thought "wtf"! It looks more circulated than most circulated coins look. In Egypt, coin market is stagnant, because of inflation we are suffering from. This however hasn't changed yet the value of coins as they were used ro be. Paradoxically, with infation, the price of coins doubled and tripled. How long could the country and people endure inflation and economic collapse would decide how the coun marker progress or regress. It is however in the zone of the unseen.[/QUOTE]
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