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What USA Sleeper coin of 2012?
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<p>[QUOTE="Troodon, post: 1636112, member: 4626"]I don't get your logic. They're going to be valuable because they're slow sellers? Nobody wants them now, so they'll be valuable because people will change their mind and want them later?</p><p><br /></p><p>A coin's rarity does not make it valuable. A coin's rarity <i>relative to its demand</i> makes it valuable. If nobody wants it now so they don't mint many, it's no proof that the demand will go up because of how rare it is. If everybody who wants one has one, who are the owners of them going to sell to?</p><p><br /></p><p>Here's some basic microeconomics for you. Price is set by supply and demand. If they're selling slow, that means demand is low. That's not going to raise the price in the future, not in the short term anyway. Heck the mint may melt the unsold ones down eventually. Third party dealers may melt the ones they can't sell down just to cut their losses. Sure, you got a rare Alice Paul coin now, but nobody else wants it. 50 years from now it may be a valuable rare coin, so hey, your great grandkids get a nice inheritance, but what good does that do you?</p><p><br /></p><p>To sum it up: the fact that a coin is a slow seller should be an indication it's NOT going to be a good investment, at least not in your lifetime. If people thought it was a good buy, they'd be buying it.[/QUOTE]</p><p><br /></p>
[QUOTE="Troodon, post: 1636112, member: 4626"]I don't get your logic. They're going to be valuable because they're slow sellers? Nobody wants them now, so they'll be valuable because people will change their mind and want them later? A coin's rarity does not make it valuable. A coin's rarity [I]relative to its demand[/I] makes it valuable. If nobody wants it now so they don't mint many, it's no proof that the demand will go up because of how rare it is. If everybody who wants one has one, who are the owners of them going to sell to? Here's some basic microeconomics for you. Price is set by supply and demand. If they're selling slow, that means demand is low. That's not going to raise the price in the future, not in the short term anyway. Heck the mint may melt the unsold ones down eventually. Third party dealers may melt the ones they can't sell down just to cut their losses. Sure, you got a rare Alice Paul coin now, but nobody else wants it. 50 years from now it may be a valuable rare coin, so hey, your great grandkids get a nice inheritance, but what good does that do you? To sum it up: the fact that a coin is a slow seller should be an indication it's NOT going to be a good investment, at least not in your lifetime. If people thought it was a good buy, they'd be buying it.[/QUOTE]
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What USA Sleeper coin of 2012?
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