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<p>[QUOTE=&quot;dougsmit, post: 2874364, member: 19463&quot;]An interesting question might be what we each believe to be an appropriate expenditure from our total coin budget on one coin or how many coins we consider it appropriate to buy that totals up to our annual budget (if we have one - most don&#039;t).&nbsp; There are coins I would love to have that sell for $100,000.&nbsp; There are coins I would love to have that sell for $200.&nbsp; If my budget is ~$10k/year, I could buy one coin a decade or one coin a week depending on which coins I was buying.&nbsp; Those of you with $100,000/year budgets could be chasing that million dollar coin a decade but you probably won&#039;t any more than I do in my &#039;bracket&#039;.</p><p><br /></p><p>I once heard a discussion among dealers who were questioning the definition of a &#039;serious&#039; collector of ancients.&nbsp; They came to relative agreement that it was someone who spent $1000 a year on the hobby.&nbsp; Now, thirty years later, we have added a digit. Will enough of today&#039;s 20-somethings have the disposable income we do today when they are retired to leisure that will support buying MS denarii at 100x the VF price?&nbsp; I&#039;ll not know.&nbsp; </p><p><br /></p><p>When I started in the hobby we valued very nice coins higher than less nice ones but not to the degree we do today.&nbsp; Sheldon tried to quantify this with his 1 to 70 grading scale.&nbsp; In theory, he considered a VF35 worth half of a perfect coin called a 70.&nbsp; Some of the Republicans shown here are available for 1/10 these prices in VF.&nbsp; We might ask what the price ratio will be in 50 years but most of us will not know.&nbsp; We will have stopped collecting and moved on to another hobby (race horses, beer cans?), the hobby will be illegal and all our coins will have been sent to the government or we will be dead.&nbsp; I&#039;d be interested in knowing the future price index of Okidoki&#039;s drachm (possibly the only one known, at least probably the best) and AJ&#039;s obol (the one coin in this thread that I do not consider overpriced).&nbsp; In neither case do I expect to know.&nbsp; I would be disappointed if they were sold.[/QUOTE]</p><p><br /></p>

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