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<p>[QUOTE=&quot;cladking, post: 1462279, member: 68&quot;]Most people don&#039;t see what&#039;s going on now days.</p><p><br /></p><p>world coins were never really &quot;cheap&quot; per se but were merely not widely collected in their countries of origin because the middle class is where most coin collectors reside and the middle clkass in many countries used to be nearly non-existent. Take India with a population of 1.2 billion people.&nbsp; Most India collectors were in the US until recently but the middle class in India is exploding. They have an excellent educational system and the economy is growing in leaps and bounds.&nbsp; Now they want Indian coins because most newer collectors prefer the coins from their own country.&nbsp; In twenty years these exact same collectors will be seeking world coins but for now they are concentrating on India.&nbsp; All the old Indian coins are in great demand and the supply is adequate to keep prices from exploding so far.&nbsp; The demand is putting pressure on many prices but few are having dramatic increases because there is deep supply of old Indian coins in the US and elsewhere.&nbsp; But no such supply exists for modern India because nobody collected these.&nbsp; Attrition has been staggering and supplies are nearly non-existent for some coins.&nbsp; This is making the prices of modern India explosive as significant demand is met with almost no sipply.&nbsp; This same thing is going on all over the world but is most visible in those places where the middle class is exploding.&nbsp;&nbsp; </p><p><br /></p><p>I&#039;ve been trying to buy Indian proof sets for decades but they are seldom seen.&nbsp; Now they are seen only slightly more often but they are sporting a far far higher price.[/QUOTE]</p><p><br /></p>

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