Why Are Only American Coins Collectible?

Discussion in 'Economics & Trade' started by jmpet, Feb 4, 2012.

  1. jmpet

    jmpet New Member

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    You look at lists of the rarest, most valuable, most traded, most in demand coins, over 90% of them are American coins. Why is this?

    Sure you have your odd Dubloon here and Roman coin there which have a high intrisic value (i.e. headed for a museum), but mostly apart from that, the only coins traded are American.

    Go to eBay and check it out. And if you're not convinced, go to eBay's Euro or other sites and search- all you see are American coins.

    What makes American coins so special???
     
  2. AshenLady

    AshenLady New Member Past Donor

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    I thought MeatLoaf got in trouble because he was accused of having Kruggerands and they tore up his back yard looking for them.
     
  3. jmpet

    jmpet New Member

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    Riiight on topic with that comment.
     
  4. bacardi

    bacardi New Member

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    obviously you are checking american sources...so of course you will get american coins....here in canada most coin dealers have old canadian coins.....if I went to england I would see mostly old soveriegns etc in coin dealers. Naturally since ebay is an american company then you get american content. Here in canada coin dealers rarely have more than just a few american coins!
     
  5. fmw

    fmw New Member

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    There are many exceptions, of course, but most people who collect stamps and coins collect the products of their own country.
     
  6. hoytmonger

    hoytmonger New Member

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    They're not.
     
  7. tdekster

    tdekster New Member

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    You have PCGS, NGC grading companies here. And one reason people buy collectible coins is the hope that they would not be confiscated by the government. We have a big market for it, you have PLUS grading now, CAC grading.

    Lets face it is a Silver Dollar or a comparable foreign coin going to sell for 8 million in a different country than the US?

    How about the 1933 Saint Gaudens?

    We have a very advanced numismatic market.
     
  8. headhawg7

    headhawg7 Well-Known Member

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    Exactly...besides...when the crap hits the fan it is not going to matter what famous person or object is on the face of the coin..only its intrinsic value.
     
  9. Panzerkampfwagen

    Panzerkampfwagen New Member

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    Because when people find Roman coins they get snapped up by professional collectors and not someone on Ebay.
     
  10. DutchClogCyborg

    DutchClogCyborg New Member

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    Checked on a dutch variant of and mostly its European coins, mostly old dutch guilders and german marks ;p
     
  11. tdekster

    tdekster New Member

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    I agree and that is the market we are currently in. A crisis market not a numismatic market. The premiums on numismatic items have dropped dramatically. MS-66 $20 Saint Gaudens were selling for around $11K in 1999 and the price of Gold was around $400. The price of Gold now is over $1700 and those same coins sell for around $3K.
     
  12. bacardi

    bacardi New Member

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    personally I think numismatic coins are a waste of money......I just care of the gold content and how much premium over gold content I am paying.....when it hits the fan nobody will care what country the coin is minted in.....just how much gold content you have!
     
  13. GeneralZod

    GeneralZod New Member

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    Why do topics like this appear on forums like this?

    I have read a few from americans who believe there is something special about them that the rest of the planet doesnt have. Now it is coins.

    Is this some mass troll or are these people really this ignorant.
     
  14. bacardi

    bacardi New Member

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    I think you already know the answer to that LOL :)
     

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