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Who Sets The Prices For All Coin Values.
YaHa
Posts: 4,220 ✭
How are coin values set on each coin in the hobby. I just bought a 1909 $20 Saint Gaulden Gold Coin Pcgs ms 61 for $950.00 now I think that was a great deal, but that coin seems to be worth less than a 2006 $50 Buffalo Pcgs Ms 70 Gold coin. Now explain to me why and how is the coin value chart made. Thanks and again sorry for pissing off anyone in my last thread on first strikes. I thought this was a place to learn and vent.
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Positive BST Transactions (buyers and sellers): wondercoin, blu62vette, BAJJERFAN, privatecoin, blu62vette, AlanLastufka, privatecoin
#1 1951 Bowman Los Angeles Rams Team Set
#2 1980 Topps Los Angeles Rams Team Set
#8 (and climbing) 1972 Topps Los Angeles Rams Team Set
Or.....at least they think they do (lol).
roadrunner
<< <i>I thought there could only be one clear answer for this question, who knows more than anyone else, who spends more time on this stuff than anyone else,,,,,,,,,,,the answer is clearly the all knowledgeable one......Russ. >>
Russ? I always wait for him to sell so I can get ready for the bounce in the silver market. I run to my saftly deposit box and grab my coins!
So it sometimes is with coins. When certain coins are cheap, no one wants them, but when prices start going up, more people become interested. It is herd behavior and very common in the investment world, and other hobbies. Taken to extremes, is what makes for bubbles and panics. When the trend goes so far as to become absurd, it often continues longer so the buyers at absurdly high prices convince themselves that there is no downside. When enough are convinced, the bubble pops and prices tumble, often going far below what the supply/demand curve might indicate.