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<p>[QUOTE=&quot;medoraman, post: 970768, member: 26302&quot;]Of course. Supply is fixed, what about demand? I would say key dates used to be demanded since they were scarcer than others and were wanted by collectors to complete their set. However, I would postulate that they are now demanded more because they are &quot;key&quot; dates more than to fill collection holes. Is that demand steady? I don&#039;t think so, I would say its more speculative based than collector based. In the 1980&#039;s an 1877 was about $100 in G, which was fair since it was about 200 times rarer than an 1890, (rough numbers from memory). I wouldn&#039;t quibble with that, in fact I bought a few. However, since then the 1890 went to $1-$1.50 in G, and the 1877 is $1000. Supply didn&#039;t change, demand did. I would say collector demand is the same, but specualtive demand has increased. To me, that is risky since speculative demand can always change their minds.</p><p><br /></p><p>Always remember intrinsically these little bits of metal we collect have little value. It is basically demand from collectors who appreciate them that makes any indian head penny worth more than $.02. Speculators come and go, but collectors form the base of the hobby.</p><p><br /></p><p>This is just an example. Its not meant to be limited to IH cents, just an example I remember.[/QUOTE]</p><p><br /></p>

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