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Why are American coins so overated?
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<p>[QUOTE="Aberlight, post: 288091, member: 6510"]People "over pay" for American coins because it is a strong American hobby and the price they are willing to pay as collectors is a direct correlation of disposable income for items they desire. Some people desire pieces of paper with athletes photos on them and pay big bucks, others like plastic pez dispensers. Desire is built around past memories and interest. As a kid in the mid 1980's I would look and photos of American coins and dream of someday owning many of these. Your desire is for ancient coins because you likely are interested in ancient history and find that link with ancient coins. I have no interest in even hearing the history of Alexander the Greek or some Byzantine leader.</p><p><br /></p><p>I find it interesting to hold a 1920 gold $20 piece because it is a method of currency that was fazed out by FDR after the US was taken off the gold standard following the great depression. To own something that survived hoarding by a witty American or perhaps locked away in a foreign bank vault amazes me. Even to hold a 1927 Mint State Standing Liberty quarter that survived in such great condition when people people would quickly spend it to keep from eating the leather of their shoes.</p><p><br /></p><p><br /></p><p>Granted ancient coins have their place, but my money along with many others is chasing events that we relate to. The only thing interesting about ancient coins is that many of their civilizations collapsed due to inflation as their leaders just made money as they needed it. Thats why you can get these coins so much cheaper (supply lacking demand) as they are sold many times in bulk as the soil in Europe is full of them.</p><p><br /></p><p>Heres my short essay for your can of worms.</p><p><br /></p><p>By the way I am a chocolate guy...............</p><p>.[/QUOTE]</p><p><br /></p>
[QUOTE="Aberlight, post: 288091, member: 6510"]People "over pay" for American coins because it is a strong American hobby and the price they are willing to pay as collectors is a direct correlation of disposable income for items they desire. Some people desire pieces of paper with athletes photos on them and pay big bucks, others like plastic pez dispensers. Desire is built around past memories and interest. As a kid in the mid 1980's I would look and photos of American coins and dream of someday owning many of these. Your desire is for ancient coins because you likely are interested in ancient history and find that link with ancient coins. I have no interest in even hearing the history of Alexander the Greek or some Byzantine leader. I find it interesting to hold a 1920 gold $20 piece because it is a method of currency that was fazed out by FDR after the US was taken off the gold standard following the great depression. To own something that survived hoarding by a witty American or perhaps locked away in a foreign bank vault amazes me. Even to hold a 1927 Mint State Standing Liberty quarter that survived in such great condition when people people would quickly spend it to keep from eating the leather of their shoes. Granted ancient coins have their place, but my money along with many others is chasing events that we relate to. The only thing interesting about ancient coins is that many of their civilizations collapsed due to inflation as their leaders just made money as they needed it. Thats why you can get these coins so much cheaper (supply lacking demand) as they are sold many times in bulk as the soil in Europe is full of them. Heres my short essay for your can of worms. By the way I am a chocolate guy............... .[/QUOTE]
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Why are American coins so overated?
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