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<p>[QUOTE=&quot;funkee, post: 1879234, member: 37925&quot;]The price depends on population - not necessarily by type, but also by distribution between grades.</p><p><br /></p><p>Suppose we have a certain coin. 100 examples are known. 99 of those are VG, and 1 is XF. That XF coin would not be worth 4.5 times as much as the VG. It would be worth far, far more, due to low supply. Collectors seeking the best quality examples they can find/afford will be willing to pay far more for the highest quality example, even if that&#039;s only an XF.</p><p><br /></p><p>On the other hand, if from that same 100 coin population, 1 of the coins was VG and the 99 were XF, the XF coins would not be worth 4.5 times as the VG.</p><p><br /></p><p>In fact, HA.com and Lyn Knight have put up interesting estimates for XF/AU notes. Those estimates were higher than the CU notes of the same issue, simply citing the fact that there were so many CU notes on the market and few circulated examples. I didn&#039;t follow the listings close enough to see where they closed at.[/QUOTE]</p><p><br /></p>

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