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Were prices of rare coins super inflated in the 80s or was Heritage lying?
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<p>[QUOTE="mikem2000, post: 1403963, member: 30574"]Yes Chris</p><p><br /></p><p>What you are saying is the exact reason why I do not own a 3-legged Buffalo. The coin is simply not rare. It's price tag is determined by demand. Of course the price of every coin is determined by the two factors, demand and rarity. I just feel a bit more comfotrable buying coins with rarity, For me I am talking about conditional rarities, which may or may not be the right way to go, but that is what I feel comfortable with. </p><p><br /></p><p>With that all said, I do believe there are good times ahead of us for rare coins.</p><p><br /></p><p>As you said in a previous post, the coin market trades thinly, so any influence that disturds that balance can really have an effect on the market, either up or down. That sword cuts both ways. Where the coin market is going, I'll be the first to say I do not know for certain, no one does, but I have invested all my life, sometimes I win sometimes I lose, but to me it always pays to go with the odds. In my opinion, the odds are that rare coins will go up. The reason being is rare coins will always be rare coins, thay are not making anymore of them (Except in China). The population is growing, which with all things being equal, should put demand on the rarities. Not only is the population growing, but as the former 3rd world nations become more and more affluent, we may get demand from those areas also. We have well over a billion freinds in India alone, so if only 1/100 of 1 percent gets the coin bug, it would be huge. We have many foreign friends right here on coin talk, so I know there is overseas interest.</p><p><br /></p><p>That is MHO</p><p><br /></p><p>Mike[/QUOTE]</p><p><br /></p>
[QUOTE="mikem2000, post: 1403963, member: 30574"]Yes Chris What you are saying is the exact reason why I do not own a 3-legged Buffalo. The coin is simply not rare. It's price tag is determined by demand. Of course the price of every coin is determined by the two factors, demand and rarity. I just feel a bit more comfotrable buying coins with rarity, For me I am talking about conditional rarities, which may or may not be the right way to go, but that is what I feel comfortable with. With that all said, I do believe there are good times ahead of us for rare coins. As you said in a previous post, the coin market trades thinly, so any influence that disturds that balance can really have an effect on the market, either up or down. That sword cuts both ways. Where the coin market is going, I'll be the first to say I do not know for certain, no one does, but I have invested all my life, sometimes I win sometimes I lose, but to me it always pays to go with the odds. In my opinion, the odds are that rare coins will go up. The reason being is rare coins will always be rare coins, thay are not making anymore of them (Except in China). The population is growing, which with all things being equal, should put demand on the rarities. Not only is the population growing, but as the former 3rd world nations become more and more affluent, we may get demand from those areas also. We have well over a billion freinds in India alone, so if only 1/100 of 1 percent gets the coin bug, it would be huge. We have many foreign friends right here on coin talk, so I know there is overseas interest. That is MHO Mike[/QUOTE]
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Were prices of rare coins super inflated in the 80s or was Heritage lying?
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