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<p>[QUOTE="World Colonial, post: 2510740, member: 78153"]Compared to the US, there is no correlation between the prices of the more expensive coins and the level of affluence, even in the affluent countries. And substantially, the only reason why the ones which are expensive now is because US buyers have inflated the prices, not anyone else.</p><p><br /></p><p>Part of my whole point is that there is almost no "investment" buying locally in most markets. Its apparent in the countries I listed which is why I named them but not anywhere else.</p><p><br /></p><p>I have looked at the Heritage archives on numerous occasions and I believe it is representative of the prices and price level for most markets because of the sales volume. Outside of the countries I listed, the others disproportionately have no sales above $50,000 and many times only around $20,000 for their best coins. This includes countries such as the Netherlands and France which have long and distinguished traditions of collecting.[/QUOTE]</p><p><br /></p>
[QUOTE="World Colonial, post: 2510740, member: 78153"]Compared to the US, there is no correlation between the prices of the more expensive coins and the level of affluence, even in the affluent countries. And substantially, the only reason why the ones which are expensive now is because US buyers have inflated the prices, not anyone else. Part of my whole point is that there is almost no "investment" buying locally in most markets. Its apparent in the countries I listed which is why I named them but not anywhere else. I have looked at the Heritage archives on numerous occasions and I believe it is representative of the prices and price level for most markets because of the sales volume. Outside of the countries I listed, the others disproportionately have no sales above $50,000 and many times only around $20,000 for their best coins. This includes countries such as the Netherlands and France which have long and distinguished traditions of collecting.[/QUOTE]
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