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<p>[QUOTE="Vess1, post: 751844, member: 13650"]Well, no matter what (and this may seem like a very obvious and basic statement), I think the more that is paid for a coin or anything, the harder it is to recoup the initial investment. No matter how nice it is. Somebody will always want it cheaper.</p><p> I've seen some toned coins in the $300-500 and 1000+ range sitting on ebay for over a year. Who set these price points? Who knows? Maybe picked out of a hat?</p><p> They're nice. I'm sure they would sell at the right price, but they aren't selling at their current one. </p><p><br /></p><p> Someone who hasn't been paying attention over the past year, may come a long and buy up one of them for $600 buy it now, not knowing what I just mentioned. Then they may decide to sell it next month and re-list it starting at 0.99. You can bet they would likely take a heavy loss and probably have a bad attitude about the toned coin market from then on. </p><p><br /></p><p> Whereas, a $50 coin....... you should be able to get $50 back out of it pretty easily, even in a down market. Even if you only got $40 back out of it, the actual loss is minimal, despite the percentage.</p><p><br /></p><p> There's just so much more room for price fluctuation and speculation once you get up into the 4 digit range and beyond on all this stuff. A lot of higher priced coins I'm sure are taking huge hits right now because of this fact. </p><p><br /></p><p> Where a $120 coin might have it's value down to $115 now and it's not that big of a deal. The game all depends on what level you're willing to play at and how much risk you're comfortable with.</p><p><br /></p><p> It's a double edged sword with higher end, really nice stuff. Yes it may be premium and you may have paid a high price to get it, but it also means there's a much smaller pool of potential buyers who can afford it. Something you have to live with and expect when the time comes. </p><p><br /></p><p> There really aren't that many coin collectors to begin with. Then, how small of a slice of those people are knowledgeable, and not only buy high end, but toned coins? The slice gets thinner and thinner, even though the popularity may have gone up. Plus, you probably know yourself that even the people who are into them..... even the big spenders, can't afford to buy everything they want! Which is yet another limiting factor to the seller. Just something to take into consideration.[/QUOTE]</p><p><br /></p>
[QUOTE="Vess1, post: 751844, member: 13650"]Well, no matter what (and this may seem like a very obvious and basic statement), I think the more that is paid for a coin or anything, the harder it is to recoup the initial investment. No matter how nice it is. Somebody will always want it cheaper. I've seen some toned coins in the $300-500 and 1000+ range sitting on ebay for over a year. Who set these price points? Who knows? Maybe picked out of a hat? They're nice. I'm sure they would sell at the right price, but they aren't selling at their current one. Someone who hasn't been paying attention over the past year, may come a long and buy up one of them for $600 buy it now, not knowing what I just mentioned. Then they may decide to sell it next month and re-list it starting at 0.99. You can bet they would likely take a heavy loss and probably have a bad attitude about the toned coin market from then on. Whereas, a $50 coin....... you should be able to get $50 back out of it pretty easily, even in a down market. Even if you only got $40 back out of it, the actual loss is minimal, despite the percentage. There's just so much more room for price fluctuation and speculation once you get up into the 4 digit range and beyond on all this stuff. A lot of higher priced coins I'm sure are taking huge hits right now because of this fact. Where a $120 coin might have it's value down to $115 now and it's not that big of a deal. The game all depends on what level you're willing to play at and how much risk you're comfortable with. It's a double edged sword with higher end, really nice stuff. Yes it may be premium and you may have paid a high price to get it, but it also means there's a much smaller pool of potential buyers who can afford it. Something you have to live with and expect when the time comes. There really aren't that many coin collectors to begin with. Then, how small of a slice of those people are knowledgeable, and not only buy high end, but toned coins? The slice gets thinner and thinner, even though the popularity may have gone up. Plus, you probably know yourself that even the people who are into them..... even the big spenders, can't afford to buy everything they want! Which is yet another limiting factor to the seller. Just something to take into consideration.[/QUOTE]
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The Rainbow Toned Coin Market--Journey of an 1881-S Morgan Dollar
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