Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
Why are old US mint sets worth more than face? It's seems the cardboard is the only thing of value.
>
Reply to Thread
Message:
<p>[QUOTE="cladking, post: 3186891, member: 68"]What you say is very very true but it's also very very misleading. </p><p><br /></p><p>The reason these sets drop to nothing is that they are produced in enormous quantities that swamp all potential demand. Your statements are misleading simply because it's this swamping of demand that eventually causes the decrease in price and the decrease in price causes massive destruction and attrition. </p><p><br /></p><p>We live in a world where most of the nickels made after 1964 are scarcer in Unc than the '50-D 5c but the '50 sells for $10 and the later coins for 10c. </p><p><br /></p><p>People perceive the later coins as being exceedingly common so they don't collect them and there are fewer every day. The reality is that the later coins are very poorly made and only a small percentage of the few left look good. </p><p><br /></p><p>Yes, the sets are cheap. But it's because there is no demand not because they are common. A lot of people are in the market for recent dates so their prices stay up until this demand is swamped and then the prices crash. This is the way it's always happens and will continue until the music stops and swarms seek chairs that no longer exist. And then some of the recent high prices will go even higher and stay there. </p><p><br /></p><p>Who wants to catch the falling knife?[/QUOTE]</p><p><br /></p>
[QUOTE="cladking, post: 3186891, member: 68"]What you say is very very true but it's also very very misleading. The reason these sets drop to nothing is that they are produced in enormous quantities that swamp all potential demand. Your statements are misleading simply because it's this swamping of demand that eventually causes the decrease in price and the decrease in price causes massive destruction and attrition. We live in a world where most of the nickels made after 1964 are scarcer in Unc than the '50-D 5c but the '50 sells for $10 and the later coins for 10c. People perceive the later coins as being exceedingly common so they don't collect them and there are fewer every day. The reality is that the later coins are very poorly made and only a small percentage of the few left look good. Yes, the sets are cheap. But it's because there is no demand not because they are common. A lot of people are in the market for recent dates so their prices stay up until this demand is swamped and then the prices crash. This is the way it's always happens and will continue until the music stops and swarms seek chairs that no longer exist. And then some of the recent high prices will go even higher and stay there. Who wants to catch the falling knife?[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
Why are old US mint sets worth more than face? It's seems the cardboard is the only thing of value.
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...