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<p>[QUOTE="beef1020, post: 2507413, member: 24544"]I really wonder how much the last part of your statement plays into collector demand. I view coins as at least a quasi Veblen good, a commodity where demand increases proportionally with high prices. The high prices paid for the top specimens can often draw people into collecting either that series, or that coin in particular. </p><p><br /></p><p>But in order to get really high prices, I think you need more than just limited supply and high demand, I think you also need eye appeal. I think the low grade/eye appeal of so much of the republican bronze keeps the big money out of the series as I think it's hard for many high budget collectors to justify spending 5/6 figures on ugly and often small coin. And without at least a couple really nice examples of republican bronze fetching big money you don't get a Veblen good effect where the high price drives further demand.[/QUOTE]</p><p><br /></p>
[QUOTE="beef1020, post: 2507413, member: 24544"]I really wonder how much the last part of your statement plays into collector demand. I view coins as at least a quasi Veblen good, a commodity where demand increases proportionally with high prices. The high prices paid for the top specimens can often draw people into collecting either that series, or that coin in particular. But in order to get really high prices, I think you need more than just limited supply and high demand, I think you also need eye appeal. I think the low grade/eye appeal of so much of the republican bronze keeps the big money out of the series as I think it's hard for many high budget collectors to justify spending 5/6 figures on ugly and often small coin. And without at least a couple really nice examples of republican bronze fetching big money you don't get a Veblen good effect where the high price drives further demand.[/QUOTE]
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