mmissinglink
Active Member
The coin market is still a bit of a mystery to me. You have utter crap (like the gods of olympus - g.o.o.) from the Perth Mint selling out while on the other hand much, much better quality coins from small mints don't do nearly as well.
I mean in one respect I totally get that high turnover has nothing to do with quality but rather with inundation of the marketplace and hype....I do get that. And along with that, it may actually work out well in the long run for high quality coins / medals which don't have a high turnover - because at least their prices don't get overly high immediately so that those who want to buy them early on can actually afford them.
But in the long run, after the hype of the poor quality coins has long died down, I believe the high quality coins will be more appropriately valued by collectors.
I suppose time will tell if in 5 to 10 years the crap PM g.o.o coins will be finally seen as the joke that they are by coin enthusiasts or not. I'll put my money on Choice Mint's Odin coin to outperform the g.o.o. down the road some.
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I mean in one respect I totally get that high turnover has nothing to do with quality but rather with inundation of the marketplace and hype....I do get that. And along with that, it may actually work out well in the long run for high quality coins / medals which don't have a high turnover - because at least their prices don't get overly high immediately so that those who want to buy them early on can actually afford them.
But in the long run, after the hype of the poor quality coins has long died down, I believe the high quality coins will be more appropriately valued by collectors.
I suppose time will tell if in 5 to 10 years the crap PM g.o.o coins will be finally seen as the joke that they are by coin enthusiasts or not. I'll put my money on Choice Mint's Odin coin to outperform the g.o.o. down the road some.
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