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Why would a 1999 NGC MS-70 ASE be worth $25,000 ?
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<p>[QUOTE="supradealz, post: 1294656, member: 34016"]everything has its market. very few collectibles have a very broad market, especially high priced items.</p><p>if someone offered you a $2 million coin for $1.5 million would you jump on it? No probably not, because a) you couldn't afford it and b) there are other things most people would spend $1.5m on. However there is a very small market of people who have much more money and who are collectors, and who are looking for that specific coin, maybe only 3-5 people in the whole world. However, how do you tell a billionaire that he can't afford that coin. There's one coin and 3 billionaires. That's why you see some key coins fetch 10x other coins in its series. That Chinese invention gold kilo worth $60k in scrap sell for $1.8M... and its only a '95 i believe. Its like rare art too, very thin market on the high end, yet at auction the prices are still astounding if you consider the "spot" price of art is a piece of canvas and some ink worth in its sum probably less than $20.</p><p><br /></p><p>so while you wouldn't pay $25k for that MS70 99 ASE, there are maybe 75-100 people in the world who have the money and the desire to own that coin. Just because its not worth that much to you, doesn't mean it isn't worth that much.</p><p><br /></p><p>i would love to have a $1m bugatti, but is anyone on this thread today looking to spend $1m on a bugatti? yet does that mean its not worth $1m especially when the production is entirely sold out?</p><p><br /></p><p>same principle.[/QUOTE]</p><p><br /></p>
[QUOTE="supradealz, post: 1294656, member: 34016"]everything has its market. very few collectibles have a very broad market, especially high priced items. if someone offered you a $2 million coin for $1.5 million would you jump on it? No probably not, because a) you couldn't afford it and b) there are other things most people would spend $1.5m on. However there is a very small market of people who have much more money and who are collectors, and who are looking for that specific coin, maybe only 3-5 people in the whole world. However, how do you tell a billionaire that he can't afford that coin. There's one coin and 3 billionaires. That's why you see some key coins fetch 10x other coins in its series. That Chinese invention gold kilo worth $60k in scrap sell for $1.8M... and its only a '95 i believe. Its like rare art too, very thin market on the high end, yet at auction the prices are still astounding if you consider the "spot" price of art is a piece of canvas and some ink worth in its sum probably less than $20. so while you wouldn't pay $25k for that MS70 99 ASE, there are maybe 75-100 people in the world who have the money and the desire to own that coin. Just because its not worth that much to you, doesn't mean it isn't worth that much. i would love to have a $1m bugatti, but is anyone on this thread today looking to spend $1m on a bugatti? yet does that mean its not worth $1m especially when the production is entirely sold out? same principle.[/QUOTE]
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Why would a 1999 NGC MS-70 ASE be worth $25,000 ?
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