Posted 4 years ago
I am sure that most of us who took economics back in our school days can remember the graphs with supply and demand curves and how logical they made the determination of prices seem. However human nature is what creates demand and that can be most illogical and unpredictable especially in the collectables market. For example a 1914 Iron Cross Second Class with little or no intrinsic value can easily command 50.00 to 75.00 dollars in today’s market, even though it is a very common medal of which over 5,000,000 were made. On the other hand we have a Wisconsin National Guard Long Service Medal awarded from 1903 -1973 of which less than 5,000 were awarded. That makes the Wisconsin medal 1000 times rarer than the Iron Cross and yet it can purchased for only 15.00-20.00. Just goes to show that even the bad press that the Germans got is better than no press when it comes to collectibles.