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My only ancient coin? What is this lovely little darling...
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<p>[QUOTE="dougsmit, post: 1519576, member: 19463"]medoraman hit it on the head. For a reason that I failed to understand 50 years ago you can buy one of the million existing examples of this coin for little money while people pay more for one of the 10 million of some modern coin. The reason is that there are 100 collectors of US modern coin for every ancient collector and more of some of the common ones than there are people who care. If you get more specialized, it is quite possible to own a variety that survives only as one example (yours) but you still have trouble finding someone else who wants to admire your coin because they know that no one can own all of the million varieties that were made in the thousand years ancient coins were made. </p><p><br /></p><p>After all this time, things have not changed. Perhaps the $1 coin from a few years back is $10 now but that is more a feature of a raise in the nuisance value coin dealers charge for any coin in their stock (the coin's share of their overhead) than a true increase in value. Fifty years later it is harder to find a kid who takes Latin in high school and collects coins who might be who we expect to replace me as the next generation of ancient coin collector.</p><p><br /></p><p>How many of these do we each need? I have one. Would I outbid medoraman at $10? No way. Would I buy another like this for $1? No, I'd rather go to Wendy's and get a Crispy Chicken Caesar Wrap. I can get lunch for a dollar (probably explaining why medoraman and I don't dine together as much as the thousand miles that separates us).[/QUOTE]</p><p><br /></p>
[QUOTE="dougsmit, post: 1519576, member: 19463"]medoraman hit it on the head. For a reason that I failed to understand 50 years ago you can buy one of the million existing examples of this coin for little money while people pay more for one of the 10 million of some modern coin. The reason is that there are 100 collectors of US modern coin for every ancient collector and more of some of the common ones than there are people who care. If you get more specialized, it is quite possible to own a variety that survives only as one example (yours) but you still have trouble finding someone else who wants to admire your coin because they know that no one can own all of the million varieties that were made in the thousand years ancient coins were made. After all this time, things have not changed. Perhaps the $1 coin from a few years back is $10 now but that is more a feature of a raise in the nuisance value coin dealers charge for any coin in their stock (the coin's share of their overhead) than a true increase in value. Fifty years later it is harder to find a kid who takes Latin in high school and collects coins who might be who we expect to replace me as the next generation of ancient coin collector. How many of these do we each need? I have one. Would I outbid medoraman at $10? No way. Would I buy another like this for $1? No, I'd rather go to Wendy's and get a Crispy Chicken Caesar Wrap. I can get lunch for a dollar (probably explaining why medoraman and I don't dine together as much as the thousand miles that separates us).[/QUOTE]
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My only ancient coin? What is this lovely little darling...
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