Crow
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- Jan 28, 2005
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There is another treasure out there waiting be sold 500 thousand gold escudos and 1.5 million reales. Can you see the problem. So THE claims of SAN JOSE having billions by the media is all BS. To sell to coin collector for huge sums? It is by rarity and quality.A depression in the price of escudos or reales in the numismatic markets might be a clue to a disposition of some of the San Jose treasure.
In a over saturated market the price of coins will become bullion value only. It would take years to recoup costs. You have cost of storage. marketing grading. that would go only for years and years. There still flogging Atocha coins.
Here comes conundrum do you spend the rest of your life try to flog coins to a limited market. Or just melt for bullion value to keep the coins rare and increase the value.
Most average coin collectors are not willing to pay big sums for a coin depreciating in value? 99 plus of the population, who struggle to pay rent, put food on the table and pay the bills are not going to spend one cent in buying coin. That is stark reality. So the customer base is only a very small percentage of people.
Crow