Are the 2009 LP2 errors worth investing in?

Discussion in 'US Coins Forum' started by Antiquity, Aug 7, 2010.

  1. Antiquity

    Antiquity Junior Member

    Just wondering what everyone thought on this subject? If so which variation would you say would be the most desirable.
     
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  3. coinmaster1

    coinmaster1 Active Member

    they seem pretty common online, with, for example, the 6 fingers on Lincoln's hand on the reverse, die cracks, "double dies", etc. i wouldn't invest, if i were anybody.
     
  4. statequarterguy

    statequarterguy Love Pucks

    I picked up a few of the LP2 WDDR-001's. Time will tell how many are out there and if any are in demand.
     
  5. Antiquity

    Antiquity Junior Member

    I picked up a couple of the LP2's Maybe Ill have to pick up some LP3s too.
     
  6. BadThad

    BadThad Calibrated for Lincolns

    Never invest, buy the coins because you enjoy collecting them.
     
  7. onecoinpony

    onecoinpony Member

    The LP2 WDDR 006- skeleton finger is the one variety other posters on other sites, select as a possibility for potential growth, as it is deemed the most popular of the 100 or so varities.
     
  8. statequarterguy

    statequarterguy Love Pucks

    Sorry, I picked up the LP2 WDDR-001's, not LP3's. I corrected the post.

    I have some LP2 WDDR-006's, but I like the WDDR-001's best - personal preference.
     
  9. Antiquity

    Antiquity Junior Member

    gotcha, I picked up the LP2 WDDR-001's. 2 for 15 bucks. Figured what the heck, they are fun too look at. =)

    Edit: Ive been looking at them under 10x magnification and I think I see doubling in United States of America and the E Pluribus Unum, I take it this is normal?
     
  10. Marshall

    Marshall Junior Member

    Ditto...
     
  11. holz

    holz holz

    Are these errors on the Copper proofs or UNCs?
     
  12. coleguy

    coleguy Coin Collector

    If you're happy with them, then I think the investment paid off. If nothing else you have a few coins you obviously like to own, and best case, if they increase in value someday you can sell them and it's paid off double.
    Guy~
     
  13. 19Lyds

    19Lyds Member of the United States of Confusion

    NO modern coin which is produced by the millions is worth "investing" in as at any point in time, the populations could skyrocket since fewer than 1% of the total production is ever actually examined by collectors.

    Statistically, each of the DDR LP2 coin dies "could" have produced as many as a million coins which means there "could" be a million copies. The only variant here would be if someone at the US Mint spotted the doubling and trashed the batch. It is totally possible that some of the varieties are few in numbers but only time will tell and time< as far as investing purposes, is not measured in less than two years.

    I would strongly advise those folks that are considering "investing" in these to forget about it and instead collect as many of your "favorite" as you feel comfortable with.

    My experience in this arena shows that once the general public (collectors) lose interest, it's nearly impossible to regain that interest and once interest is lost, it could be more expensive selling these than they are actually worth.

    This is simply my opinion based upon experience with other modern coins of this nature as "rarity" and "value" have little meaning if nobody really wants what you have.

    Collect what makes you happy........................invest in stocks and bonds or some other proven investment media.
     
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