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<p>[QUOTE="medoraman, post: 1780634, member: 26302"]Personally I find "keys" as grossly overpriced. My problem with them is their price no longer reflects demand from set collectors. There probably are over 200,000 1909sVDB's in existence. I seriously do not believe there are more than 200,000 active collectors of lincoln cents left anymore. Same with the 1877 indian head cents.</p><p> </p><p>Key prices used to reflect demand from date/mm collectors who wished to own every date. However, in the past 20 years, key date demand is mostly from those who wish to own "key dates", believing they are superior investments, than from set collectors. So, prices have risen because people expect prices to rise. However, without underlying support from set collectors, I find prices of "key dates" to effectively be a "greater fool" price, meaning you are betting you can find an even bigger fool than you to buy it from you for more than what you paid.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1780634, member: 26302"]Personally I find "keys" as grossly overpriced. My problem with them is their price no longer reflects demand from set collectors. There probably are over 200,000 1909sVDB's in existence. I seriously do not believe there are more than 200,000 active collectors of lincoln cents left anymore. Same with the 1877 indian head cents. Key prices used to reflect demand from date/mm collectors who wished to own every date. However, in the past 20 years, key date demand is mostly from those who wish to own "key dates", believing they are superior investments, than from set collectors. So, prices have risen because people expect prices to rise. However, without underlying support from set collectors, I find prices of "key dates" to effectively be a "greater fool" price, meaning you are betting you can find an even bigger fool than you to buy it from you for more than what you paid.[/QUOTE]
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thinking about buying a random key date
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