So What Makes A Coin Collectible?

silverybay said:
GREED.

There must be sufficient people sharing the same belief that a particular coin, or anything under the sun for that matter, will appreciate in value by many folds and that there is MONEY to be made by having in their possession this coin or item.

Demand, with reference to collectibles, is driven primarily by GREED. And greed is a very powerful emotion that will defy logic and reasoning.

Case in point, watch the following clips:

http://youtu.be/y10O6CLKDR8

http://www.youtube.com/watch?v=qvDKE45FY0U

http://www.youtube.com/watch?v=cF5VgDI9Xas
Click to expand...



Don't think so. An attitude of greed doesn't necessarily drive prices higher. There may be greedy people who think about a particular coin with all the greedy thoughts they can muster....doesn't mean that coin will gain value. Demand on the other hand tends to have real world effects on value, especially if supply is low.



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mmissinglink said:
silverybay said:
GREED.

There must be sufficient people sharing the same belief that a particular coin, or anything under the sun for that matter, will appreciate in value by many folds and that there is MONEY to be made by having in their possession this coin or item.

Demand, with reference to collectibles, is driven primarily by GREED. And greed is a very powerful emotion that will defy logic and reasoning.

Case in point, watch the following clips:

http://youtu.be/y10O6CLKDR8

http://www.youtube.com/watch?v=qvDKE45FY0U

http://www.youtube.com/watch?v=cF5VgDI9Xas
Click to expand...



Don't think so. An attitude of greed doesn't necessarily drive prices higher. There may be greedy people who think about a particular coin with all the greedy thoughts they can muster....doesn't mean that coin will gain value. Demand on the other hand tends to have real world effects on value, especially if supply is low.



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Click to expand...

I cannot think of any other reason that will drive demand other than greed, especially when collectibles are concern.

If there is only one greedy person buying up all the Redback Spiders, it will not be worth $1000 today.

You need SUFFICIENT GREEDY persons who thinks they can make money from owning one of these to run the price up.

That's where the demand comes from.
 
Greed is not a factor without demand. Volume drives the demand. Greed would look like one or two people wanting it all. Volume would look like lots of people wanting some or a little of it.

Hoarding is a result of greed and hoarding doesn't increase a coins value unless you have high demand from plenty of other people.

Therefore, greed alone means nothing....demand is the key.

Greed and demand are very different. Greed requires demand to have meaning (in terms of increasing value). Demand does NOT require greed....only volume.

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silverybay said:
I cannot think of any other reason that will drive demand other than greed, especially when collectibles are concern.
Click to expand...

Collectors are not driven by greed - they are driven by the desire to collect !

Dealers and flippers are driven by greed - so you are right in one sense but not the cause
if enough flippers buying something and the supply dries up then the price can rise
but when all the flippers try to unload the price can also collapse
 
Demand exceeding supply... Less items sold than wanting to be bought.

But just Demand is the right answer.. Elaborating is only for those who need common sense economics schooling..
 
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