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<p>[QUOTE="ewomack, post: 3896719, member: 15588"]I don't think this question has a simple answer, because people buy and pursue things for different reasons.</p><p><br /></p><p>Some people want to "fit in" and own things that others seem to want. Anyone new to the hobby would quickly pick up that the 1916-D Mercury is a desired coin by many, because it receives a lot of press and it <i>really</i> sticks out in the Mercury Dime section of the price guides.</p><p><br /></p><p>Some people buy on perceived future value. The 1916-D Mercury seems to have always been desired, so it seems like a decent bet that it will continue to remain desired. It may not. Or it might. No one knows the future. Some people buy on perceived current value alone.</p><p><br /></p><p>Others buy to complete a set. Others buy things because their neighbors, friends or peer group have one. Others buy based on hype. Some people buy things irrationally (a lot of people buy things irrationally, <i>especially</i> collectors).</p><p><br /></p><p>Some people buy something because they "want it," but they may not be able to explain exactly why they want it.</p><p><br /></p><p>Some people buy for a combination of some or all of these factors, along with other factors not mentioned.</p><p><br /></p><p>The word "popular" captures some of the sense of all of this, but it seems a little too simple, though it's probably as useful of a word as one can come up with to explain the extremely complicated psychology behind the value of things.[/QUOTE]</p><p><br /></p>
[QUOTE="ewomack, post: 3896719, member: 15588"]I don't think this question has a simple answer, because people buy and pursue things for different reasons. Some people want to "fit in" and own things that others seem to want. Anyone new to the hobby would quickly pick up that the 1916-D Mercury is a desired coin by many, because it receives a lot of press and it [I]really[/I] sticks out in the Mercury Dime section of the price guides. Some people buy on perceived future value. The 1916-D Mercury seems to have always been desired, so it seems like a decent bet that it will continue to remain desired. It may not. Or it might. No one knows the future. Some people buy on perceived current value alone. Others buy to complete a set. Others buy things because their neighbors, friends or peer group have one. Others buy based on hype. Some people buy things irrationally (a lot of people buy things irrationally, [I]especially[/I] collectors). Some people buy something because they "want it," but they may not be able to explain exactly why they want it. Some people buy for a combination of some or all of these factors, along with other factors not mentioned. The word "popular" captures some of the sense of all of this, but it seems a little too simple, though it's probably as useful of a word as one can come up with to explain the extremely complicated psychology behind the value of things.[/QUOTE]
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