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Some thoughts on the recent mint “instant rarities”
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<p>[QUOTE="whopper64, post: 7928018, member: 101364"]Yes, the U.S. Mint has created instant rarities simply because the coins in question are so popular. The 2021 Morgan silver dollar and the 2021 Peace silver dollar have become instant "rarities", simply because of the insane demand. Plus the T2 ASE varieties are now overpriced because of high demand. Unlike some overpriced coins that have now come down in value/price, the 2021 Morgan and the 2021 Peace dollars will no doubt remain pricey for quite some time, simply because of the historical significance. Demand seems to drive most everything.</p><p>Keep in mind however, just what coins have kept up with inflation over the past 30 or 40 years? The truly rare or exceptional coins, but not most of the others. So it seems that popularity and scarcity go hand in hand for the most part. IMHO</p><p>Also, and my pet peeve, is so-called "investors" sinking their money into non-rare coins who are wasting their time and money simply because of inflation.[/QUOTE]</p><p><br /></p>
[QUOTE="whopper64, post: 7928018, member: 101364"]Yes, the U.S. Mint has created instant rarities simply because the coins in question are so popular. The 2021 Morgan silver dollar and the 2021 Peace silver dollar have become instant "rarities", simply because of the insane demand. Plus the T2 ASE varieties are now overpriced because of high demand. Unlike some overpriced coins that have now come down in value/price, the 2021 Morgan and the 2021 Peace dollars will no doubt remain pricey for quite some time, simply because of the historical significance. Demand seems to drive most everything. Keep in mind however, just what coins have kept up with inflation over the past 30 or 40 years? The truly rare or exceptional coins, but not most of the others. So it seems that popularity and scarcity go hand in hand for the most part. IMHO Also, and my pet peeve, is so-called "investors" sinking their money into non-rare coins who are wasting their time and money simply because of inflation.[/QUOTE]
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Some thoughts on the recent mint “instant rarities”
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