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<p>[QUOTE="mikenoodle, post: 1071670, member: 307"]k... time to debunk something that I hear Mike Meszack say all of the time and that is:</p><p><br /></p><p>"The number 1 determining factor in value is rarity!"</p><p><br /></p><p>Complete and utter nonsense! The number 1 determining factor in value is demand. I can list dozens of coins with mintages under 100,000 coins that are all worth less than $100. They are indeed somewhat rare by coin standards (lower than 10,000 would be closer to rare as far as coins go, but either way...) not sought after. </p><p><br /></p><p>These satin coins are available by the truckload in HIGH-END condition. What does that mean? That means that anyone who wants one can have an example in high-end MS. This is not now, nor has it ever been true of 09-S VDBs, 14-Ds, etc. Those coins circulated and as such exist in a variety of conditions from AG-MS. What's more important is that people actively seek these coins every day.</p><p><br /></p><p>Simple economics shows us that when demand for an item is more than the supply of an item, then the price will rise in the marketplace. Satin coins do not have this kind of market pressure because the marketplace is saturated with them. Anyone who wanted one could have ordered it from the Mint. Speculators have stocked up and for quite a long time from now the supply will be far greater than the demand and in such, will keep the value of these coins low whether they have a super-low (even if only by modern standards) mintage.[/QUOTE]</p><p><br /></p>
[QUOTE="mikenoodle, post: 1071670, member: 307"]k... time to debunk something that I hear Mike Meszack say all of the time and that is: "The number 1 determining factor in value is rarity!" Complete and utter nonsense! The number 1 determining factor in value is demand. I can list dozens of coins with mintages under 100,000 coins that are all worth less than $100. They are indeed somewhat rare by coin standards (lower than 10,000 would be closer to rare as far as coins go, but either way...) not sought after. These satin coins are available by the truckload in HIGH-END condition. What does that mean? That means that anyone who wants one can have an example in high-end MS. This is not now, nor has it ever been true of 09-S VDBs, 14-Ds, etc. Those coins circulated and as such exist in a variety of conditions from AG-MS. What's more important is that people actively seek these coins every day. Simple economics shows us that when demand for an item is more than the supply of an item, then the price will rise in the marketplace. Satin coins do not have this kind of market pressure because the marketplace is saturated with them. Anyone who wanted one could have ordered it from the Mint. Speculators have stocked up and for quite a long time from now the supply will be far greater than the demand and in such, will keep the value of these coins low whether they have a super-low (even if only by modern standards) mintage.[/QUOTE]
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