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<p>[QUOTE=&quot;Marshall, post: 1245706, member: 21705&quot;]From a purely economic viewpoint, every product has a value. It is governed by supply and demand, Problem coins are difficult to move because they are in less demand, not because the coin has no value. If any coin does not move, it is because it is priced above it&#039;s value or is poorly marketed (Marketing is simply maximizing potential demand). This applies to every item in a coin store or any other store of any type for that matter.</p><p><br /></p><p>Since investment involves getting a return greater than cost, you can profit from either or both a greater margin (buy/sell spread) or a rising underlying value due to rising demand. I hear you saying that the smaller investment in problem coins is more likely to change for the better because the market for these coins is likely to rise and increase demand.</p><p><br /></p><p>This has not been true historically, since the best coins have increased in value disproportionately. However, most trends will eventually end. There an argument for both a continuation of the trend and for it to bounce back. Your choice. However, you sound like me...a collector at heart who hopes his heart doesn&#039;t hurt him financially over time rather than an investor. If you buy them at prices near current values, I believe there is little downside risk to damaged coins (active verdigris and corrosion is a different story). They are just unlikely to give you as great a return as undamaged with the long term trend.</p><p><br /></p><p>Problem coins are subject to the wide fluctuations of a niche market. A few people can greatly affect pricing. Toned coins are an example. Once considered a detriment, the chemical damage is now considered secondary to a coin&#039;s aesthetic appeal by enough collectors that it now commands huge premiums. This may happen to damaged and problem coins at some point as it has with counter-marked coins. There is a cap to this which is set by better coins; however, since there is no secondary source of value over the problem free coin such as toning or counter-marks.[/QUOTE]</p><p><br /></p>

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