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Why does this coin trend so HIGH??
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<p>[QUOTE="cladking, post: 138943, member: 68"]The first states coins weren't saved in the kind of quantity that the later ones were. There were millions saved but like many later date coins the DE issues were not well made. The Philly was especially bad and was plagued by strike problems and usually had excessive marking. </p><p><br /></p><p>The prices on these is very real though the price guides tend to often understate or overstate the actual prices. The demand comes from a diverse collector base and much of it is totally unrelated to the registry sets. The demand is also very very small and the high prices are reflective of the scarcity of the coins rather than any large demand. Because this demand and supply is so small there are few dealers who specialize in this area. It is necessary to find one of these dealers or sell the coin yourself online since most dealers are not familiar with the markets and have no customers for this material. This causes them to offer absurdly low prices to protect themselves from the price list errors or percieved market risks. </p><p><br /></p><p>I would expect the PCGS MS-67's to trade at around catalog prices but I do not follow the ultramodern markets and don't closely follow any of the modern markets except for raw coins.[/QUOTE]</p><p><br /></p>
[QUOTE="cladking, post: 138943, member: 68"]The first states coins weren't saved in the kind of quantity that the later ones were. There were millions saved but like many later date coins the DE issues were not well made. The Philly was especially bad and was plagued by strike problems and usually had excessive marking. The prices on these is very real though the price guides tend to often understate or overstate the actual prices. The demand comes from a diverse collector base and much of it is totally unrelated to the registry sets. The demand is also very very small and the high prices are reflective of the scarcity of the coins rather than any large demand. Because this demand and supply is so small there are few dealers who specialize in this area. It is necessary to find one of these dealers or sell the coin yourself online since most dealers are not familiar with the markets and have no customers for this material. This causes them to offer absurdly low prices to protect themselves from the price list errors or percieved market risks. I would expect the PCGS MS-67's to trade at around catalog prices but I do not follow the ultramodern markets and don't closely follow any of the modern markets except for raw coins.[/QUOTE]
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Why does this coin trend so HIGH??
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