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<p>[QUOTE="dougsmit, post: 2339857, member: 19463"]Best coins will always sell for more than second best. In recent years we have seen the spread between the grades increase in terms of price. If Perfect today is selling for 10 times Almost Perfect which sells for 10 times Very Nice, the question is whether 30 years from now will see that 10 times figure change to 100 or 2. People who hang around places like Coin Talk Ancients tend to be more interested in the coins than in the numbers but there are a higher percentage of people who consider themselves dealers or investors now than ever before. Will this number continue to grow also? We do not know. I do know that I would be quite happy if every coin were to decrease in value by a figure of 50% or even 90%. I'd buy more as long as there were still dealers in business to sell them. Every so often one of us reports buying a specific example of a coin that had sold for more according to sales records (prices realized or online summaries like acsearch). I can afford to lose the entire cash value of my collection. Some people can't. My prediction is that the super grade spread will taper off as the very rich lose interest and million dollar coins fail to sell for more than a million plus fees. Rich collectors will still buy expensive coins but they will not be bid up by investors or dealers who will turn around and try to sell it for more to the same collectors they outbid in the sale. Poor collectors who buy disposable coins and rich collectors who do not care what a coin costs have one thing in common. They do not plan on selling the coin. When I die there will not be a posthumous Triton catalog with my name on the cover. Some of you may get that honor but neither of us will know. Until then, I suggest you buy coins you can afford to enjoy whether that means EF aurei or recognizable culls and love them like family. Many people have spent a hundred (thousand or hundred thousand) times as much on the hobby as have some of us who post here. Some, not all, of them have enjoyed their coins as much as we do. If all you enjoy is how much more your coins are 'worth' now than what you paid, you may be a successful dealer or investor but you missed the only real reason for having these coins.</p><p><img src="http://www.geek.com/wp-content/uploads/2014/01/scrooge-mcduck-swimming-in-money.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="dougsmit, post: 2339857, member: 19463"]Best coins will always sell for more than second best. In recent years we have seen the spread between the grades increase in terms of price. If Perfect today is selling for 10 times Almost Perfect which sells for 10 times Very Nice, the question is whether 30 years from now will see that 10 times figure change to 100 or 2. People who hang around places like Coin Talk Ancients tend to be more interested in the coins than in the numbers but there are a higher percentage of people who consider themselves dealers or investors now than ever before. Will this number continue to grow also? We do not know. I do know that I would be quite happy if every coin were to decrease in value by a figure of 50% or even 90%. I'd buy more as long as there were still dealers in business to sell them. Every so often one of us reports buying a specific example of a coin that had sold for more according to sales records (prices realized or online summaries like acsearch). I can afford to lose the entire cash value of my collection. Some people can't. My prediction is that the super grade spread will taper off as the very rich lose interest and million dollar coins fail to sell for more than a million plus fees. Rich collectors will still buy expensive coins but they will not be bid up by investors or dealers who will turn around and try to sell it for more to the same collectors they outbid in the sale. Poor collectors who buy disposable coins and rich collectors who do not care what a coin costs have one thing in common. They do not plan on selling the coin. When I die there will not be a posthumous Triton catalog with my name on the cover. Some of you may get that honor but neither of us will know. Until then, I suggest you buy coins you can afford to enjoy whether that means EF aurei or recognizable culls and love them like family. Many people have spent a hundred (thousand or hundred thousand) times as much on the hobby as have some of us who post here. Some, not all, of them have enjoyed their coins as much as we do. If all you enjoy is how much more your coins are 'worth' now than what you paid, you may be a successful dealer or investor but you missed the only real reason for having these coins. [IMG]http://www.geek.com/wp-content/uploads/2014/01/scrooge-mcduck-swimming-in-money.jpg[/IMG][/QUOTE]
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