Subject:
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Re: collector lego???
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Newsgroups:
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lugnet.general
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Date:
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Sat, 14 Nov 1998 04:15:29 GMT
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Viewed:
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1834 times
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Ralph Hempel wrote in message ...
:Mike Stanley wrote in message ...
:
:>
:>My comment is I curse the name of the baseball card collector (or
:>whoever it was) who came up with the idea that "errors" in a
:>production run are somehow worth more than the items that that
aren't
:>defective.
:>
:
:
:Actually, there is a long line of philatelists who will take
:credit for this mess. Stamp collectors prized "errors" long
:before baseball cards were popular as money making items. Those
:of us who grew up with hockey cards and carried them in huge
:wads in our back pockets, threw them against the wall in games that
:ended up as exchanges, and long sessions of "gotim, needim, gottim,
:gottim, needim...." shake our heads in dismay at kids that
:put them behind plastic and NEVER touch them....
As an economist I have to say that the valuing of rarities probably
goes back much farther in human history than sportsl cards or postage
stamps.
If all lego studs were stamped haphazardly then there would probably
be questions from time to time about pieces with LEGO stamped all the
same direction.
Adam Smith posed the same question with the diamond-water paradox. Why
do people pay so much for diamonds when they are worthless for life
and so little for essential water. Alfred Marshall provided the
answer - people value rarity as well as necessity.
DJ Zorn
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Message has 1 Reply:
Message is in Reply To:
 | | Re: collector lego???
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| Mike Stanley wrote in message ... (...) Actually, there is a long line of philatelists who will take credit for this mess. Stamp collectors prized "errors" long before baseball cards were popular as money making items. Those of us who grew up with (...) (26 years ago, 14-Nov-98, to lugnet.general)
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