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<p>[QUOTE=&quot;cladking, post: 672308, member: 68&quot;]In most cases collectors are middle class and higher and this applies everywhere.&nbsp; There are exceptions like Costa Rica where there are many poor collectors but these are notable.&nbsp; While now days most of the world is catching us in the percentages of those in the middle class this was not true a few decades ago. In those days middle class was largely about people in this country.&nbsp; This meant most collecting of all coins was happening here and prices were largely set by what Americans would pay.&nbsp; </p><p><br /></p><p>The coins are still here disproportionately but the demand in their home markets just keeps ratcheting higher and as their currencies strenghten relative ours it means more and more that world coin prices are set elsewhere.&nbsp; </p><p><br /></p><p>This is especially noticeable in modern coins where prices are exploding higher.&nbsp; (even though Krause doesn&#039;t always recognize this).&nbsp; Coins that were rare but had no demand are now getting demand in their home countries.&nbsp; Coins like the 1957 Greek 2D or E German 1950-E 10p are selling for hundreds of dollars.&nbsp; Even coins considered common like the Irish 1982 50P are bringing big prices.&nbsp; Modern French is reportedly up by about a factor of ten in the last couple years.&nbsp; </p><p><br /></p><p>It&#039;s truly becoming a world market with collectors in the old world buyinmg their own coins and often those issued by former colonies as well.&nbsp; There are many nations that have been increasing their wealth and middle class though some of these have been hard hit in recent months because of overdependence on a single export.&nbsp; </p><p><br /></p><p>But you have to believe that countries like Iceland are going to be coming back strong and when they do so too will their middle class and coin demand.[/QUOTE]</p><p><br /></p>

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