I am told that #1 and #8 Certificates of Authenticity coins and sets are valued at a premium. I can understand why the #1 is, but could someone explain why the #8 is? How much of a premium should each carry over the other low numbered coins, assuming they are all perfect 70s?
Gonna need some context. What types of coins and sets are we talking about here? If Chinese, 8 is considered lucky, which may explain some premium. If you're talking US Mint products, I'm not aware than any COAs were ever numbered.
I am looking at a #8 Krugerrand Set and the #8 Churchill Platinum 3 oz. coin. I am told that the #8s carry a premium to other sets because they are valued in the Chinese culture.
Can anyone provide a credible reference to where it might state that this is a valid basis for charging a premium on a coin because it's certificate of authenticity shows it was the 8th coin or set minted?
Typically, "Because I say so" is a valid basis for charging a premium. Doesn't mean anyone will buy it.
John is correct. Sellers can ask whatever amount they want. It may make them look ridiculous, but every once in a while they will find a buyer who is dumber than them. Chris
