Friday, November 2, 2007

Demand drives coin prices

QUEENSBURY -- When it comes to coin collecting, there's only one criterion for determining the current or future value of a particular coin, said Fred Meinrenken, of Fred's Coins in Lake Luzerne.

"It's all supply and demand," said Meinrenken at Sunday's Coin and Stamp Show. "If you've got a coin that's common now, and there's a lot of them around, that coin will still be common 100 years from now."

As an illustration, he talked about the 3 million "proof sets" minted in 1968 compared to the 8,000 proof sets released in 1999. A proof set contains all the coins minted in a particular year....

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