I would like to present a scenario to you all and receive some opinions. What I am trying to determine is what type of appreciation I should expect to pay on a coin. The coin in question sold in 2004 at that time it was TOP POP with 7 graded at that grade. Today it is still TOP POP but there is 12 graded at that grade. Logic says the coin is going to cost more 6 years later which I have no issue with. With that said I feel that the 5 coins added to the pop report should have a depreciating effect on the price.I think a $500 dollar premium, so $3000 is about fair. Do you think the POP going up Depreciates the price? thanks for your opinion
Knowing the specific coin would be helpful in making a decision. Certain coins have increased in popularity over the last 6 years while others have been more consistent (maybe even dropped). Personally I would have no idea either way as I don't purchase coins in that price range, however I know the more information given, the more likely the information will be useful.
Dime, How many were struck for that date/mm? How many have been graded in all grades? An increase from 7 to 12 for Top Pop may not have too much of a negative effect when you consider the total number graded and extant. Chris
As a general rule pop-top moderns were bringing higher prices in '04 than they do today - even without an increase in population. Why ? Because I think people have wised up to a large degree and realized that they were paying unsustainable prices back then.
I think for that coin, the price will be influenced more by the current economy (and its impact on collector resources) than the pop rising by 5. I don't collect your series, but that is my uninformed first reaction to your question.
