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<p>[QUOTE="Vess1, post: 2933587, member: 13650"]What seems to be lost in the argument is the acknowledgement that coins which are pushing 4 and 5 figures are going to be HIGHLY volatile! A coin that's valued at say, $50 can be desired, AND acquired by a huge number of people. "A huge number" being <b>extremely</b> relative because the group of people who collect/desire coins is a very small slice of society. Now you move on to analyze the people who not only desire those $20k Franklin half dollars but who are ALSO capable of comfortably buying one.... lol!! Now that's a tiny slice of the original tiny slice. </p><p> </p><p> On top of that, how many examples of them are there and how often do they come up for sale, let alone sell? Maybe the last one sold for $20k and now one has finally came on the market again and there was limited interest so it sold at $15k. That sale alone probably just moved the market enough to have serious impact on the price guide. This segment seems like a whole other animal compared to the average range you typically see people buying at. </p><p> Now undoubtedly somebody's going to come on and say, "OMG, $20K Franklins sell all the time!!" Well, I can show you stuff in $800 to $1k range thats been sitting on ebay for months. Popular series' and gold. I've seen some stuff sit for years.</p><p><br /></p><p> All you have to do is look at statistics. I know people who have household incomes of $150k and they talk about the rich needing to pay their fair share. I ask them how many rich people do you think are available to pay this fair share? I said to the people taking home $40k a year, YOU are the rich. If you have a household income of $150k a year, you're in the top 10% of earners in the US if not higher. That tends to blow people's minds. </p><p> </p><p> So now we know that <b><u>90%</u></b> of the US isn't capable of buying these high end US coin, conditional rarities and most people in the top 10% are not either. Your pool of available buyers gets very slim, real fast. Even if you want to say there are thousands of people in the top 0.001% of earners, you still have to fulfill that 2nd part of the equation. A coin collector or investor in that group who desires to purchase those conditional rarities and not some other conditional rarity? Maybe they're only into ancients? </p><p> To me, the price guide swinging drastically at this end makes perfect sense. On top of the fact that a TPG who derives income off of collector enthusiasm has zero incentive to drive coin prices down for the hell of it.[/QUOTE]</p><p><br /></p>
[QUOTE="Vess1, post: 2933587, member: 13650"]What seems to be lost in the argument is the acknowledgement that coins which are pushing 4 and 5 figures are going to be HIGHLY volatile! A coin that's valued at say, $50 can be desired, AND acquired by a huge number of people. "A huge number" being [B]extremely[/B] relative because the group of people who collect/desire coins is a very small slice of society. Now you move on to analyze the people who not only desire those $20k Franklin half dollars but who are ALSO capable of comfortably buying one.... lol!! Now that's a tiny slice of the original tiny slice. On top of that, how many examples of them are there and how often do they come up for sale, let alone sell? Maybe the last one sold for $20k and now one has finally came on the market again and there was limited interest so it sold at $15k. That sale alone probably just moved the market enough to have serious impact on the price guide. This segment seems like a whole other animal compared to the average range you typically see people buying at. Now undoubtedly somebody's going to come on and say, "OMG, $20K Franklins sell all the time!!" Well, I can show you stuff in $800 to $1k range thats been sitting on ebay for months. Popular series' and gold. I've seen some stuff sit for years. All you have to do is look at statistics. I know people who have household incomes of $150k and they talk about the rich needing to pay their fair share. I ask them how many rich people do you think are available to pay this fair share? I said to the people taking home $40k a year, YOU are the rich. If you have a household income of $150k a year, you're in the top 10% of earners in the US if not higher. That tends to blow people's minds. So now we know that [B][U]90%[/U][/B] of the US isn't capable of buying these high end US coin, conditional rarities and most people in the top 10% are not either. Your pool of available buyers gets very slim, real fast. Even if you want to say there are thousands of people in the top 0.001% of earners, you still have to fulfill that 2nd part of the equation. A coin collector or investor in that group who desires to purchase those conditional rarities and not some other conditional rarity? Maybe they're only into ancients? To me, the price guide swinging drastically at this end makes perfect sense. On top of the fact that a TPG who derives income off of collector enthusiasm has zero incentive to drive coin prices down for the hell of it.[/QUOTE]
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