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When is a coin worht more than graded value?
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<p>[QUOTE="afantiques, post: 2145316, member: 71234"]There are no predetermined values. All depend on supply and demand, and location can be far more important than any book value.</p><p><br /></p><p>All catalogue values are rough guides. The only way they change is by people generally paying more or less than the alleged 'book value'. A single rich new collector can skew values upwards, a coin or type falling out of favour can see that type being cheaper year on year, and the general state of the economy can mean all prices shrink with disposable incomes or inflate with monetary inflation or higher real incomes.</p><p><br /></p><p>To allot precise values to any coin is to live in a dream, imagining certainty in a world of shifting values that you can never be fully abreast of. Books of prices pander to an illusion and need to be taken with a big pinch of salt.[/QUOTE]</p><p><br /></p>
[QUOTE="afantiques, post: 2145316, member: 71234"]There are no predetermined values. All depend on supply and demand, and location can be far more important than any book value. All catalogue values are rough guides. The only way they change is by people generally paying more or less than the alleged 'book value'. A single rich new collector can skew values upwards, a coin or type falling out of favour can see that type being cheaper year on year, and the general state of the economy can mean all prices shrink with disposable incomes or inflate with monetary inflation or higher real incomes. To allot precise values to any coin is to live in a dream, imagining certainty in a world of shifting values that you can never be fully abreast of. Books of prices pander to an illusion and need to be taken with a big pinch of salt.[/QUOTE]
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When is a coin worht more than graded value?
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