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<p>[QUOTE=&quot;World Colonial, post: 2503025, member: 78153&quot;]ing</p><p><br /></p><p>You cannot compare British to US coins to conclude they are <b><u>financially</u></b> undervalued.</p><p><br /></p><p>There are various reasons why one coin sells for one price and another at a much lower or higher one.&nbsp; The scarcity and story line in this case do not explain why this Edward VIII sovereign sells for so much less than the US 1794 PCGS SP-66 dollar since I know this is the coin you are comparing it to.</p><p><br /></p><p>The fact is, British coins are already among the most expensive in the world.&nbsp; I gave an example of the recent price performance of the 1839 British proof 5S and you already admitted that this coin last sold for 40,000 GBP.&nbsp; How much more do think these coins should be worth?</p><p><br /></p><p>Outside of US coins, to my knowledge only Australian and maybe Russian are more expensive than British.&nbsp; US collectors are already big buyers (proportionately) of the better and more expensive coins because I know that British buyers don&#039;t prefer TPG coins to anywhere near the extent or else I would see them in non-US auctions more often.</p><p><br /></p><p>Elsewhere, the great rarities sell for less than US and British equivalents (almost always a lot less) because there is little or no &quot;investment&quot; market in practically any other country and collectors aren&#039;t used to paying very high prices, so they don&#039;t.</p><p><br /></p><p>Contrary to what many (particularly US) collectors also apparently believe, the most expensive coins aren&#039;t cheap either versus many other collectible fields.&nbsp; Yes, the prices are lower than say, a Rembrandt or Picasso but then, there isn&#039;t a coin on the planet where anyone except a coin buyer would ever think they are in the same league in terms of significance.[/QUOTE]</p><p><br /></p>

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