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<p>[QUOTE="kanga, post: 581165, member: 9270"]The numismatic publications put into print descriptions of error coins.</p><p>Then the hype begins.</p><p>Then there's a big rush to get "yours" before the prices go through the roof.</p><p>Later the dust settles and people find out there's a LOT more of these errors around and they high premium paid during the rush wasn't justified.</p><p> </p><p>I don't see your error coins ever getting back to the level you bought at (whatever it was).</p><p>Watch the market and gradually sell back.</p><p>IMO there's two ways of dealing with a newly discovered error on coins being currently issued.</p><p>1. Buy rolls at face and hope you find the error. Obviously the cheapest way and the best way to profit from it.</p><p>OR</p><p>2. Wait until the secondary market finds stability, then buy. More expensive, but at least the hyped price is avoided.</p><p> </p><p>Gold and silver bullion went the same way.</p><p>Gold topped $1000 and people were still buying.</p><p>Now it's running steady at about $890 and people are still buying.</p><p>When the economy gets back on its feet I predict gold will sink lower.[/QUOTE]</p><p><br /></p>
[QUOTE="kanga, post: 581165, member: 9270"]The numismatic publications put into print descriptions of error coins. Then the hype begins. Then there's a big rush to get "yours" before the prices go through the roof. Later the dust settles and people find out there's a LOT more of these errors around and they high premium paid during the rush wasn't justified. I don't see your error coins ever getting back to the level you bought at (whatever it was). Watch the market and gradually sell back. IMO there's two ways of dealing with a newly discovered error on coins being currently issued. 1. Buy rolls at face and hope you find the error. Obviously the cheapest way and the best way to profit from it. OR 2. Wait until the secondary market finds stability, then buy. More expensive, but at least the hyped price is avoided. Gold and silver bullion went the same way. Gold topped $1000 and people were still buying. Now it's running steady at about $890 and people are still buying. When the economy gets back on its feet I predict gold will sink lower.[/QUOTE]
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I really need advice from the pro's
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