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<p>[QUOTE="panzerman, post: 4172055, member: 77704"]I think you cannot blame auction houses like Stacks/ Heritage/ CNG and others for high coin prices. They do their best to secure great results for their consignees, but that is good business strategy.</p><p>The market trends for high quality, rare coinage are a result of many factors. </p><p>1/ Low supply for ever increasing demand.</p><p>2/ Average people have more disposible income for luxary items.</p><p>3/ Fear factor, many see precious metals/ coins as the only real $$$$. Cryto-currencies/ plastic/ paper are not backed by anything of value. Before, 1933 one could redeem a US $100 bill for gold/ silver coins of equal value.</p><p>4/ Sheer pleasure of collecting coins/ sure beats walking around like a zombie glued to your phone<img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie80" alt=":shame:" unselectable="on" unselectable="on" /></p><p>John[/QUOTE]</p><p><br /></p>
[QUOTE="panzerman, post: 4172055, member: 77704"]I think you cannot blame auction houses like Stacks/ Heritage/ CNG and others for high coin prices. They do their best to secure great results for their consignees, but that is good business strategy. The market trends for high quality, rare coinage are a result of many factors. 1/ Low supply for ever increasing demand. 2/ Average people have more disposible income for luxary items. 3/ Fear factor, many see precious metals/ coins as the only real $$$$. Cryto-currencies/ plastic/ paper are not backed by anything of value. Before, 1933 one could redeem a US $100 bill for gold/ silver coins of equal value. 4/ Sheer pleasure of collecting coins/ sure beats walking around like a zombie glued to your phone:shame: John[/QUOTE]
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