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<p>[QUOTE="philologus_1, post: 26074532, member: 92212"]Yeh, as with so many things -- rather than there being one simple answer that holds to be 100% accurate in all situations, a more nuanced explanation is really required to fully grasp the issue.</p><p><br /></p><p>But as [USER=74863]@Collecting Nut[/USER] said, if you keep in mind the famous economic law of "supply and demand", you will have a large part of the answer. In a very real way "demand" = "popularity" as expressed above. Likewise "supply" = extant examples available (which is of course largely dependent on how many of the coins were originally produced -- which itself is largely dependent on the length of time an emperor reigned as expressed above).</p><p><br /></p><p>But again, it is admittedly more nuanced. <u>Part</u> of that is because both "supply" and "demand" are fluid rather than static. The finding and coming to market of just one hoard can alter the "supply" enough to impact the value of a coin type.</p><p><br /></p><p>It has been a few decades since I studied economics, so I just asked Mr. Google what the main points are within the Law of Supply & Demand, and found this:</p><p>1) If supply increases and demand stays the same, price will go down.</p><p>2) If supply decreases and demand stays the same, price will go up.</p><p>3) If supply stays the same and demand increases, price will go up.</p><p>4) If supply stays the same and demand decreases, price will go down.</p><p><br /></p><p>Of course even my slight expansion of what had already been said in this thread is not sufficient to fully answer the question by [USER=92655]@Randy Abercrombie[/USER] because other factors come into play also. As examples are the phrases seen in coin listings such as, "rare this nice", "rare in this grade", "such perfect centering on both sides is quite rare", "rare sub-type", "rare variety", etc. And the beat goes on . . . and the beat goes on . . .</p><p><br /></p><p>(Yes, that last phrase may invite an earworm into those over 65.) ;-)[/QUOTE]</p><p><br /></p>
[QUOTE="philologus_1, post: 26074532, member: 92212"]Yeh, as with so many things -- rather than there being one simple answer that holds to be 100% accurate in all situations, a more nuanced explanation is really required to fully grasp the issue. But as [USER=74863]@Collecting Nut[/USER] said, if you keep in mind the famous economic law of "supply and demand", you will have a large part of the answer. In a very real way "demand" = "popularity" as expressed above. Likewise "supply" = extant examples available (which is of course largely dependent on how many of the coins were originally produced -- which itself is largely dependent on the length of time an emperor reigned as expressed above). But again, it is admittedly more nuanced. [U]Part[/U] of that is because both "supply" and "demand" are fluid rather than static. The finding and coming to market of just one hoard can alter the "supply" enough to impact the value of a coin type. It has been a few decades since I studied economics, so I just asked Mr. Google what the main points are within the Law of Supply & Demand, and found this: 1) If supply increases and demand stays the same, price will go down. 2) If supply decreases and demand stays the same, price will go up. 3) If supply stays the same and demand increases, price will go up. 4) If supply stays the same and demand decreases, price will go down. Of course even my slight expansion of what had already been said in this thread is not sufficient to fully answer the question by [USER=92655]@Randy Abercrombie[/USER] because other factors come into play also. As examples are the phrases seen in coin listings such as, "rare this nice", "rare in this grade", "such perfect centering on both sides is quite rare", "rare sub-type", "rare variety", etc. And the beat goes on . . . and the beat goes on . . . (Yes, that last phrase may invite an earworm into those over 65.) ;-)[/QUOTE]
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