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<p>[QUOTE="900fine, post: 605802, member: 6036"]Then we open the door to fraud and forgeries of all kind.</p><p> </p><p>And the legitimate rarities loose their magic.</p><p> </p><p>Who would pay $3 million for an 1804 S$1 if the prevailing mindset is a doctored 1801 is just as good ? Who would pay AU50 money for an honest AU50 chain cent if a carved-up VF20, made to look AU50, is just as good ?</p><p> </p><p>The same thinking holds true for lesser valued coins as well.</p><p> </p><p>The point is this : the <i>value</i> of an AU50 chain cent isn't <i>just</i> the detail; it's the original, mint-made, surviving detail. Prices are high because almost none survived with that much detail and demand is high. It's easy enough to have the same amount of detail on a tooled VF20.</p><p> </p><p>Which gets us back to supply and demand. The supply of legitimate AU50 chain cents is very low, but the supply of doctored "blank canvas" copper is potentially unlimited. For this reason, coin collecting will always treasure original, undoctored coins.[/QUOTE]</p><p><br /></p>
[QUOTE="900fine, post: 605802, member: 6036"]Then we open the door to fraud and forgeries of all kind. And the legitimate rarities loose their magic. Who would pay $3 million for an 1804 S$1 if the prevailing mindset is a doctored 1801 is just as good ? Who would pay AU50 money for an honest AU50 chain cent if a carved-up VF20, made to look AU50, is just as good ? The same thinking holds true for lesser valued coins as well. The point is this : the [I]value[/I] of an AU50 chain cent isn't [I]just[/I] the detail; it's the original, mint-made, surviving detail. Prices are high because almost none survived with that much detail and demand is high. It's easy enough to have the same amount of detail on a tooled VF20. Which gets us back to supply and demand. The supply of legitimate AU50 chain cents is very low, but the supply of doctored "blank canvas" copper is potentially unlimited. For this reason, coin collecting will always treasure original, undoctored coins.[/QUOTE]
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