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Message:: [QUOTE="medoraman, post: 1403953, member: 26302"]Thanks for the charts. That was one of the greatest things I noticed when I came back to US collecting, (or at least paying attention to the market). Before, key coins were recognized as scarce and more valuable. Now they seemed to be idolized simply because of this accolade of it being a "key".  It seems as the reputation of key is much more important than any real scarcity. The 1916s mercury is scarcer in the higher grades than the 1916d, yet is priced way below the price of the 16d. If prices of keys had anything to do with reality, the 16s in high grade would be more expensive. Since its not, its proof "key" REPUTATION is more important than reality. I even see people who wish to put together type sets with "key" dates because they are "better". If anyone ever asks for investment advice and what coins to buy to get the best return, every single time multiple people recommend buying key coins. This herd mentality is extremely dangerous. I feel the chart illustrates well what my general feeling has been, that keys are so vastly overpriced nowadays as to not even be funny. I know many collectors simply do not know any better, since it has been that way since they started collecting, but it is not preordained by a superior deity that coins that others have labelled "key" to a date/mm set will go up forever. The exact same expectation of investment potential was swirling around MS65 coins in the 80's that swirls around key coins today. So much so that I wonder if I am stupid for still holding some of these coins I got when I collected US coins. I never like selling coins, but I think sometimes I should sell off all of these "keys" today and wait for the correction. Chris[/QUOTE]

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