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<p>[QUOTE="GDJMSP, post: 2879388, member: 112"]In simple terms - no it does not. But your question is a common one, and it is common because some folks think that age equates to rarity and that rarity equates to value. But this is simply not true.</p><p><br /></p><p>The monetary value of a coin is determined by several things: the rarity rating of the coin, and the condition of the coin. But more than anything else the monetary value is determined by the popularity of the coin. </p><p><br /></p><p>Some folks might have a hard time understanding that, let alone agreeing with it. Nonetheless it is quite true. For example, there are a lot of coins with a high rarity rating, meaning very few of them exist, sometimes only 30-50, and that are of high or even very high grade - 65 to 70. But the cost of those coins is downright low. If they are silver or gold you can often buy them just a little over melt, and sometimes even less than melt. </p><p><br /></p><p>So how can that be ? Simple - it's because nobody wants them. Their popularity is non-existent. </p><p><br /></p><p>On the other hand you can have a coin that exist in large numbers, even hundreds of thousands of them. And an example that only grades XF might cost you over a $1,000. So how can that be ? Again it's quite simple, it's because everybody wants one. Their popularity is quite high.</p><p><br /></p><p>But in none of these cases does the age of the coin even enter into the question - the age of the coin has nothing to do with it.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 2879388, member: 112"]In simple terms - no it does not. But your question is a common one, and it is common because some folks think that age equates to rarity and that rarity equates to value. But this is simply not true. The monetary value of a coin is determined by several things: the rarity rating of the coin, and the condition of the coin. But more than anything else the monetary value is determined by the popularity of the coin. Some folks might have a hard time understanding that, let alone agreeing with it. Nonetheless it is quite true. For example, there are a lot of coins with a high rarity rating, meaning very few of them exist, sometimes only 30-50, and that are of high or even very high grade - 65 to 70. But the cost of those coins is downright low. If they are silver or gold you can often buy them just a little over melt, and sometimes even less than melt. So how can that be ? Simple - it's because nobody wants them. Their popularity is non-existent. On the other hand you can have a coin that exist in large numbers, even hundreds of thousands of them. And an example that only grades XF might cost you over a $1,000. So how can that be ? Again it's quite simple, it's because everybody wants one. Their popularity is quite high. But in none of these cases does the age of the coin even enter into the question - the age of the coin has nothing to do with it.[/QUOTE]
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