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<p>[QUOTE="cladking, post: 26407558, member: 68"]You may well be right but it could have happened at almost any point as long as 40 years ago. It could have happened then and it could happen today for a very simple reason; values in collectibles is far more about demand than supply. Perception plays a far larger role in demand than does metallic composition, age, or any of the factors we associate with "collectible" coins. The nature of people to share beliefs and act in tandem could result in any perceived "scarcity" to give rise not to conservation but rather to sharply increasing demand. </p><p><br /></p><p>Much of the demand for clad isn't specific "I need a 1965 in chBU for my dime collection" but rather I need 10c to keep from breaking a fifty at the grocery store or "I need a nice Gem clad dime for my type collection". Or I need to find more superb Gems for my next submission". This nonspecificity is masking significantly rising demand and draw down of proof and mint sets because now the demand is framed as "I need another 150 1977 proof sets to offer a run of old proof sets to my shop at home viewers.". This demand doesn't directly affect the availability of PR-69 half dollars but it does affect the reservoir of sets available to seek them. </p><p><br /></p><p>Collectors have no idea how few of these sets are left because they don't collect them and destroyed sets are largely invisible unless you know where to look and why they were destroyed. </p><p><br /></p><p>The bottom line is that there is almost no demand for a nice Gem 1968 cent so nobody knows that they are extremely scarce. You can't go out and buy one because most are still hiding among the the very few surviving 1968 mint sets and the predominant carbon spotted examples therein. Registry set collectors don't seek such low grades so all those that have been graded were "accidents"; the submitter expected a higher grade. These "accidents" get little attention or advertising because they are such low value. Until recently Redbook that tends to inflate the values of coins like this listed them at only one dollar. It is increased substantially now but there is still no place to buy one because for every practical purpose (market purpose) they do not exist at all. Many moderns exist in this same Twilight Zone of no supply and no demand. </p><p><br /></p><p>Of all people I sure don't know what can create demand but I do know that these markets might be seen as an exploding pressure cooker if any demand materializes.[/QUOTE]</p><p><br /></p>
[QUOTE="cladking, post: 26407558, member: 68"]You may well be right but it could have happened at almost any point as long as 40 years ago. It could have happened then and it could happen today for a very simple reason; values in collectibles is far more about demand than supply. Perception plays a far larger role in demand than does metallic composition, age, or any of the factors we associate with "collectible" coins. The nature of people to share beliefs and act in tandem could result in any perceived "scarcity" to give rise not to conservation but rather to sharply increasing demand. Much of the demand for clad isn't specific "I need a 1965 in chBU for my dime collection" but rather I need 10c to keep from breaking a fifty at the grocery store or "I need a nice Gem clad dime for my type collection". Or I need to find more superb Gems for my next submission". This nonspecificity is masking significantly rising demand and draw down of proof and mint sets because now the demand is framed as "I need another 150 1977 proof sets to offer a run of old proof sets to my shop at home viewers.". This demand doesn't directly affect the availability of PR-69 half dollars but it does affect the reservoir of sets available to seek them. Collectors have no idea how few of these sets are left because they don't collect them and destroyed sets are largely invisible unless you know where to look and why they were destroyed. The bottom line is that there is almost no demand for a nice Gem 1968 cent so nobody knows that they are extremely scarce. You can't go out and buy one because most are still hiding among the the very few surviving 1968 mint sets and the predominant carbon spotted examples therein. Registry set collectors don't seek such low grades so all those that have been graded were "accidents"; the submitter expected a higher grade. These "accidents" get little attention or advertising because they are such low value. Until recently Redbook that tends to inflate the values of coins like this listed them at only one dollar. It is increased substantially now but there is still no place to buy one because for every practical purpose (market purpose) they do not exist at all. Many moderns exist in this same Twilight Zone of no supply and no demand. Of all people I sure don't know what can create demand but I do know that these markets might be seen as an exploding pressure cooker if any demand materializes.[/QUOTE]
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