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<p>[QUOTE=&quot;ToughCOINS, post: 1808228, member: 20480&quot;]Hype is undeserved publicity.&nbsp; I&#039;m not saying the coin deserves no publicity at all, but it is not nearly as rare as it is presumed to be.</p><p>&nbsp;</p><p>The subject coin is desired by all collectors of Lincoln Cents, but not affordable to all - as far as I know, noone disputes that.&nbsp; Its price is artificially supported by buyers hoarding large quantities of the date, speculating that it is a &quot;sure thing&quot;, as you put it. </p><p>&nbsp;</p><p>I know of one owner of more than 50 pieces, and another of about a dozen.&nbsp; I cannot imagine how many more are held nationwide by other similar buyers.&nbsp; Therein lies the problem.&nbsp; As long as a speculator is willing to step in and pay a high price everytime an opportunity comes along to buy one, the market never gets to naturally establish the value at which it should trade, based on collector demand alone. </p><p>&nbsp;</p><p>If such hoards were liquidated, the price for this date would decline.&nbsp; How far is hard to predict, as new buyers would step in and purchase them as prices fell . . . many at first, and fewer as the price continued to fall . . . much like watching a stock market crash, but in slower motion.&nbsp; Why would fewer buy them as prices continued to fall?&nbsp; Because most of the demand for them at higher prices would already be satisfied, so much lower prices would be needed to attract buyers of far less means . . . I think I must be getting through by now.</p><p>&nbsp;</p><p>The value of hyped, speculator-driven issues are less realistically represented by the &quot;market&quot; price than the value of issues enjoying the organic demand of collectors alone.[/QUOTE]</p><p><br /></p>

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