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<p>[QUOTE="Sulla80, post: 3242393, member: 99456"]I like Ken Dorney’s opening words: “Everyone is different”. On the question of “why record the price”, I am a data geek - maybe obvious from the question in OP of this thread.</p><p><br /></p><p>For me the price is not only about my budget or being able to calculate profit or loss if I sell, it is useful context to understand the coin and the stories around it E.g. the currency on the OP insert tells me that this coin likely was in the UK at one point in its travels, and the price could lead to a long winded post on market factors and fluctuation:</p><p>- £100 was written on the insert - that seems high to me</p><p>- communication tech and online auctions and databases have moved us closer to a perfectly efficient market (still no where near perfect)</p><p>- how has dealer pricing related to sales price over time?</p><p><br /></p><p>Why was it minted, where has this coin been, what has it purchased, who made it or held it, what was going on around it, how did it survive, how has the market fluctuated, are a few of the questions raised by a coin in hand, and every data point adds to the story that takes enjoyable time to explore.[/QUOTE]</p><p><br /></p>
[QUOTE="Sulla80, post: 3242393, member: 99456"]I like Ken Dorney’s opening words: “Everyone is different”. On the question of “why record the price”, I am a data geek - maybe obvious from the question in OP of this thread. For me the price is not only about my budget or being able to calculate profit or loss if I sell, it is useful context to understand the coin and the stories around it E.g. the currency on the OP insert tells me that this coin likely was in the UK at one point in its travels, and the price could lead to a long winded post on market factors and fluctuation: - £100 was written on the insert - that seems high to me - communication tech and online auctions and databases have moved us closer to a perfectly efficient market (still no where near perfect) - how has dealer pricing related to sales price over time? Why was it minted, where has this coin been, what has it purchased, who made it or held it, what was going on around it, how did it survive, how has the market fluctuated, are a few of the questions raised by a coin in hand, and every data point adds to the story that takes enjoyable time to explore.[/QUOTE]
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