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Are the 2009 LP2 errors worth investing in?
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<p>[QUOTE="19Lyds, post: 968636, member: 15929"]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.</p><p> </p><p>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.</p><p> </p><p>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.</p><p> </p><p>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.</p><p> </p><p>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.</p><p> </p><p>Collect what makes you happy........................invest in stocks and bonds or some other proven investment media.[/QUOTE]</p><p><br /></p>
[QUOTE="19Lyds, post: 968636, member: 15929"]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.[/QUOTE]
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Are the 2009 LP2 errors worth investing in?
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