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<p>[QUOTE=&quot;GoldFinger1969, post: 3859474, member: 73489&quot;]<b>Sure, but decades ago it was THE index because you needed something that was easy to figure out/understand, simple to compute, and represented the U.S. economy as well as the stock market.</b></p><p><br /></p><p>The point is the coin industry needs an index that reflects what is active on Ebay, Heritage, and also what is in the average LCS and the display cases of dealers at shows.</p><p><br /></p><p>What do most of the dealers have ? <span style="color: #b30000"><b> Saints and Morgans and Barbers and Franklins and Liberty Walking, etc. </b></span> I don&#039;t know too many people who collect or can afford to collect 1794 Draped Busts in great condition or whatever drives up the price for that type of coin.&nbsp; I also don&#039;t want billionaires fighting over a 1927-D Saint to influence the price index, either.</p><p><br /></p><p>The DJIA had 30 stocks that were supposed to be REPRESENTATIVE of the U.S. economy.&nbsp; We need a Coin Index that is representative of average coin collectors, excluding kids with Whitman penny and nickel collecting books.<img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>

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