Mint State 70 and Proof 70 coins

Posted by Tom Deaux on Jun 7th 2016

The market for MS70 and PR70 coins seems to me to be upside down. In other coin markets the coins are scarcer with each passing year, but for this market the population grows each year. the '70' market seems to be bustling with activity but I don't think that it has a bright future.

Each year more and more 'perfect' MS70 and PR70 coins are produced with better minting technology. More candidate coins are submitted for grading each year and the population continues to grow. With increased supply price will fall assuming constant demand.

Thoughts?