I think sometimes people forget that coins are on "valuable" because of suply and demand.

TheLiberator

There ha sbeen so much discussion about what these coins SHOULD be worth as opposed to what they ARE worth. I understand that point because we don't know if they are rare or not. HOWEVER, a 1909 svdb ms-65 "shouldn't" cost 5,500 bucks...but it does. A gem proof barber dime with a mintage of under a thousand "shouldn't" cost UNDER 5,000 bucks...but it does. Whether people admit it or not, many of the same rules governing beanie baby pricing are the same ones that govern coin pricing: supply and demand. This of course is not taking the metal content into account but by and large, supply and demand is the law we all live by.

Time will tell on those leafy guys but I think with it being so pupular in the press, this thing could hang on for awhile. (I do not own any though.) OR it could hit the bottom after the press oves on. The bottom line: A high relief saint is still legally 20 bucks and a leafy quarter is still just twenty five cents...

Ever try adding up your coin collection's legal tender value? SCARY.....

Anyway, just my thoughts...

ER

"valuable" has different meanings to different folks.

TheLiberator

Wow! This thread is my first official "DUD!"

PreTurb

Why doesn't the lower left section of your animated disintegrating shield 5c coin fall flat like the other pieces?

MrEureka

Wow! This thread is my first official "DUD!"

Of course. Supply and demand isn't exactly a secret. It doesn't get interesting until you start discussing exactly how people figure out what they will pay for a coin. In fact, when you realize how little numismatic perspective and true conviction lies behind the demand curve, discussions of "supply and demand" can get VERY interesting.

Edited to clarify that "true conviction" is based on one's own knowledge, not on someone else's stated opinion as to quality, rarity and (most relevantly) price.

TheLiberator

<< <i>Why doesn't the lower left section of your animated disintegrating shield 5c coin fall flat like the other pieces? >>



That is how the physics of the computer figured that piece out! That is a subset of computer animation called dynamics where the animation is rule based. I could have treaked it by hand but oh well..!

TheLiberator

<< <i>Wow! This thread is my first official "DUD!"

Of course. Supply and demand isn't exactly a secret. It doesn't get interesting until you start discussing exactly how people figure out what they will pay for a coin. In fact, when you realize how little numismatic perspective and true conviction lies behind the demand curve, discussions of "supply and demand" can get VERY interesting. >>



Now you are on to something! So what do you think it is for most people? Whay do they pay what they pay and why do they decide what is "worth" more? People are funny that way...!

EJB

I've understood that the government will always make pennys because the public throws them away, wishing wells etc. And there's millions made every year because of this, maybe it's just the profit..

cladking

Back when zinc was a lot cheaper the mint claimed to make a tiny profit on pennies.

The Swiss are phasing out a coin equivalent to 4c (5 centimes) because it has no purchasing power and costs more to make.

DHeath

Andy's point is of particular interest to me. I collect high-grade moderns, but don't trust the current supergrade prices as far as I can throw them, not because of the possibility of increasing pops, but because of the very great likelyhood many of the specialists will begin to find better value in other areas. I make no secret of the fact I buy most of my moderns raw and submit. I respect the difficulty some present in certain grades, but there is a point in my mind where my sense of balance says the nicest condition census coin in any modern (1932-date, my rules ) coin is worth approximately half as much as a coin like this Demand is a fleeting thing. Fascinating hobby, with so many choices. I like the Ike, but I collect moderns because they're an inexpensive way to indulge myself. When they become more expensive than coins I find more interesting, I wonder if I'm the only one looking in other directions..

relayer

I'm helping to keep the prices down by contributing ZER0 to the demand side of the equation.

Edit: Come to think of it, I'm contributing zero to the supply side as well, but if I found one in change I'd sell it!