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Why did this 1979 Penny sell for $2800?
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<p>[QUOTE="Hookman, post: 3781073, member: 99642"]The absolute KEY word as to why a seemingly ordinary coin would sell for so much is .....HYPE. Whether it's color, or grade, or pop report, or previous owner, or whatever the "hypable" aspect of the coin may be, it's recognizing that aspect and then hyping it for all it's worth. That is what pushes the prices high.</p><p>The important thing to understand about this, is that to avoid falling victim to that hype, you must educate yourself and be knowledgable about the coin or coins you're looking at. Gaining that protective knowledge can take quite some time, maybe even a lifetime, but that is what is so great about having a go-to source like <i><b>Coin Talk !!</b></i></p><p>You can always count on these members to be very honest with you about your coins. Very blunt, but very honest.</p><p>Hey agrace97 , I want to welcome you to <i><b>Coin Talk !! </b></i>where there is no coin that can't be discussed.[/QUOTE]</p><p><br /></p>
[QUOTE="Hookman, post: 3781073, member: 99642"]The absolute KEY word as to why a seemingly ordinary coin would sell for so much is .....HYPE. Whether it's color, or grade, or pop report, or previous owner, or whatever the "hypable" aspect of the coin may be, it's recognizing that aspect and then hyping it for all it's worth. That is what pushes the prices high. The important thing to understand about this, is that to avoid falling victim to that hype, you must educate yourself and be knowledgable about the coin or coins you're looking at. Gaining that protective knowledge can take quite some time, maybe even a lifetime, but that is what is so great about having a go-to source like [I][B]Coin Talk !![/B][/I] You can always count on these members to be very honest with you about your coins. Very blunt, but very honest. Hey agrace97 , I want to welcome you to [I][B]Coin Talk !! [/B][/I]where there is no coin that can't be discussed.[/QUOTE]
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Why did this 1979 Penny sell for $2800?
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