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relationship of spot price to numismatic value?
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<p>[QUOTE="GDJMSP, post: 680910, member: 112"]Yes, a dramatic increase in the spot price can increase and usually does increase the interest factor in coins. But that is a general sense only. But pretty much any increase in interest of the hobby causes prices to go up pretty much across the board because an increase in interest means an increase in the number of collectors. But how much those prices go up is directly proportional to the increase of interest. And it usually takes several years for the increase in prices to peak.</p><p><br /></p><p>But what has been said about the spot price of bullion and the numismatic value of a given coin not being related to each other in any way is quite true. The one has nothing to do with the other.</p><p><br /></p><p>For example, say the spot price of silver dropped tomorrow, to $4 an ounce. A Morgan dollar that sells for $100 today - is still going to sell for $100 tomorrow, even if the spot price dropped like that.</p><p><br /></p><p>And if the spot price went up $5 an ounce tomorrow, that $100 Morgan is still going to cost $100.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 680910, member: 112"]Yes, a dramatic increase in the spot price can increase and usually does increase the interest factor in coins. But that is a general sense only. But pretty much any increase in interest of the hobby causes prices to go up pretty much across the board because an increase in interest means an increase in the number of collectors. But how much those prices go up is directly proportional to the increase of interest. And it usually takes several years for the increase in prices to peak. But what has been said about the spot price of bullion and the numismatic value of a given coin not being related to each other in any way is quite true. The one has nothing to do with the other. For example, say the spot price of silver dropped tomorrow, to $4 an ounce. A Morgan dollar that sells for $100 today - is still going to sell for $100 tomorrow, even if the spot price dropped like that. And if the spot price went up $5 an ounce tomorrow, that $100 Morgan is still going to cost $100.[/QUOTE]
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relationship of spot price to numismatic value?
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