Message:

<p>[QUOTE=&quot;Andy Herkimer, post: 1436834, member: 32344&quot;]Hello all, </p><p>I felt I had to write this as there seems to be a conflict between collectors as to values with these coins. Also I have to get some of my thoughts out about the hobby as I am relatively new and don&#039;t know if I am correct in my thinking here or just naive, so please don&#039;t take offense.</p><p>&nbsp;I have been collecting coins for some twenty years or so but not perhaps following the usual or so and have always collected what I liked and though was cool or undervalued at the time. I did this rather than follow the channel of reading books and educating my self on coins or buying what was in fashion so to speak. During this time I collected many gold and silver coins when the prices were as I believed at the time cheap. When gold and silver hit their highs last year I sold most of them as I could not refuse the profit. Having a surplus from their sale I looked into other areas to expand my collection and found several proof errors which I was surprised to see were worth a considerable amount of money.</p><p>I also acquired a deep appreciation of naturally toned coins and noticed that too is a hot topic as such.</p><p>&nbsp;Because this required a lot more education to be able to differentiate between altered coins, damaged coins and genuine errors or double dies so I started to read books and joined Coneca. I also started to submit coins for grading and encapsulation. </p><p>I found a good microscope and some high quality loupes and started to search coin rolls and bags more for fun than anything as I enjoy searching them in my spare time. During this time I found various errors, double dies and many that turned out to be nothing but strike doubling or such. I encapsulated the good ones and kept some for my own collection and sold some for a profit, nothing major just to keep things ticking over. I also obtained some 2009 cent boxes and found a significant amount of variety&#039;s including some doubled obverses and reverses so I became interested in them.</p><p>Ok, so now you know the background now let me say that much as with gold and silver I feel these variety&#039;s are undervalued at the moment. I know that many are saying they are not worth anything because they are not like the 1955 or 1972 double dies, but then reading about them they were not worth much to start with either. I know that their are large numbers of them out there but still they are interesting variety&#039;s and some are strongly doubled. I have noticed that PCGS and NGC do not recognize many of the variety&#039;s and wondered why.</p><p>As a beginner let me say that my understanding of the hobby is that the more new people that come into the hobby the better it is for the hobby and the more prices go up. Yet there seems to me to be a certain amount of snobbery or elitism (sorry if it offends but that&#039;s the best description I can find) towards anything that doesn&#039;t fit in with what SOME of the older collectors don&#039;t think is worthy. Sure I would love to have a 1955 ddo one day but I can not justify the cost other than as an investment and as an investment it would have considerable downside risk with some upside potential. A roll of a strong (not one of the very minor variety&#039;s) 2009 ddr / ddo would be a small fraction of the price with much more upside potential and less downside potential, that is certainly the way it looks to me. Also from what I understand all coins tend to peak in price within a year or so of release and then at around three years tend to trough before they start to gain long term value. To buy these now at around $3-$5 each would therefore seem to be a good investment as I would expect on the downside the worst that could happen is you get close to your money back and at best they may sell for $10-$60 each in years to come.</p><p>Also the beginning collector would surely start with the least expensive coins to educate them and graduate to the more expensive as they gain more experience. I am certainly keeping the ones I have found and looking to buy more.</p><p>The thing that confuses me is so many posts about these is from people who seem for some irrational reason to dislike them and think they are worthless. To be honest I do not understand why that is?</p><p>Please feel free to add your two cents!![/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in