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<p>[QUOTE="clembo, post: 338670, member: 8033"]<b>Figures and facts</b></p><p><br /></p><p>I have been reading this thread with some interest. Actually posted on it way back when and then again when Mike started digging into it. Fact is we could all very well be in our graves before we really know. Hope we're all around for quite some time.</p><p><br /></p><p>Now Rareandunique you are tossing out some impressive "stats" and comparisons (such as edge lettering on a dollar coin, 2 year series etc.)</p><p><br /></p><p>If yuo are THAT confident then I would suggest you DO find a way to purchase one. Yes, I know kids to feed and believe me I can understand the budgeting issue as well as anyone.</p><p>Take out a loan, put one on layaway, dump some of your other coins if you're that confident. I would but I'm not that confident because there is one thing you have failed to touch upon. So you don't get the wrong idea I am in NO WAY saying you meant to exclude this.</p><p><br /></p><p>The point is long term collectibility. So let's say there are only 800 and that number remains the same. I'll also state I am not a fan of "quarter sized" dollar coins to make it clear.</p><p>However, we are talking about an error on a rim. Slab this by a reputable service and can one even SEE the error? Not really and what you then have is a normal looking coin but the SLAB says it's an error.</p><p><br /></p><p>Now let's slab a 1955 Double Die. Can you see the error easily with the naked eye? Oh, you bet you can. If you get a Sacagawea/Washington mule is the error evident? A resounding yes!</p><p><br /></p><p><br /></p><p><br /></p><p>These are PROVEN sought after coins. Dollar coins are hot now but I think it would be a safe assumption to make that the MAJORITY of people collecting them are more like state quarter collectors. They just want one of each. I'm not knocking this as it does get a lot of people into the hobby but the number of people that are seeking every error in the series is probably more commensurate with the number of errors available.</p><p>Will this change in 20, 40 50 years? Possibly but I sincerely doubt to the magnitue of a 55DD.</p><p><br /></p><p>Let's go back further to a non error but variety. I'm a 2 Cent junkie. The 1864 small motto has an unknown mintage but reliable sources put the estimate as low as 3,000. Now we're talking a 146 year old piece here with very low numbers. They don't get $3,000 except in higher Mint State grades. Conversely the 1872 with a known mintage of 65,000 commands higher prices because it is the KEY business strike. </p><p>Point here is the collector base is not so great that many are going to pursue the small motto variety but they want the 1872.</p><p><br /></p><p>One step further and a perfect example. I collect U.S. Currency as well. I have a rather extensive collection of Fort Worth 295 errors. This means very little to most including other currency collectors. It is not a dramatic error but an error nonetheless.</p><p>There are roughly 330 combinations known and many which fall into the R10 category.</p><p>One such note is the L-X block, run 3 with a 347 face plate. THREE are known to exist out of 6.4 million notes printed. I own TWO of those.</p><p>Are people beating my door down for these? I only wish as I could use the money but alas the answer is no. So here I sit on TWO very rare notes that garner very little attention.</p><p><br /></p><p>As you had stated rareandunique only time will tell. For those that have dropped the "big bucks" I sincerely hope it turns out well. I'm not holding my breath though.</p><p><br /></p><p>clembo</p><p><br /></p><p>I have been informed that edge lettering IS or IS NOT visible in new holders so I clarify. However, my point(s) remain the same.[/QUOTE]</p><p><br /></p>
[QUOTE="clembo, post: 338670, member: 8033"][b]Figures and facts[/b] I have been reading this thread with some interest. Actually posted on it way back when and then again when Mike started digging into it. Fact is we could all very well be in our graves before we really know. Hope we're all around for quite some time. Now Rareandunique you are tossing out some impressive "stats" and comparisons (such as edge lettering on a dollar coin, 2 year series etc.) If yuo are THAT confident then I would suggest you DO find a way to purchase one. Yes, I know kids to feed and believe me I can understand the budgeting issue as well as anyone. Take out a loan, put one on layaway, dump some of your other coins if you're that confident. I would but I'm not that confident because there is one thing you have failed to touch upon. So you don't get the wrong idea I am in NO WAY saying you meant to exclude this. The point is long term collectibility. So let's say there are only 800 and that number remains the same. I'll also state I am not a fan of "quarter sized" dollar coins to make it clear. However, we are talking about an error on a rim. Slab this by a reputable service and can one even SEE the error? Not really and what you then have is a normal looking coin but the SLAB says it's an error. Now let's slab a 1955 Double Die. Can you see the error easily with the naked eye? Oh, you bet you can. If you get a Sacagawea/Washington mule is the error evident? A resounding yes! These are PROVEN sought after coins. Dollar coins are hot now but I think it would be a safe assumption to make that the MAJORITY of people collecting them are more like state quarter collectors. They just want one of each. I'm not knocking this as it does get a lot of people into the hobby but the number of people that are seeking every error in the series is probably more commensurate with the number of errors available. Will this change in 20, 40 50 years? Possibly but I sincerely doubt to the magnitue of a 55DD. Let's go back further to a non error but variety. I'm a 2 Cent junkie. The 1864 small motto has an unknown mintage but reliable sources put the estimate as low as 3,000. Now we're talking a 146 year old piece here with very low numbers. They don't get $3,000 except in higher Mint State grades. Conversely the 1872 with a known mintage of 65,000 commands higher prices because it is the KEY business strike. Point here is the collector base is not so great that many are going to pursue the small motto variety but they want the 1872. One step further and a perfect example. I collect U.S. Currency as well. I have a rather extensive collection of Fort Worth 295 errors. This means very little to most including other currency collectors. It is not a dramatic error but an error nonetheless. There are roughly 330 combinations known and many which fall into the R10 category. One such note is the L-X block, run 3 with a 347 face plate. THREE are known to exist out of 6.4 million notes printed. I own TWO of those. Are people beating my door down for these? I only wish as I could use the money but alas the answer is no. So here I sit on TWO very rare notes that garner very little attention. As you had stated rareandunique only time will tell. For those that have dropped the "big bucks" I sincerely hope it turns out well. I'm not holding my breath though. clembo I have been informed that edge lettering IS or IS NOT visible in new holders so I clarify. However, my point(s) remain the same.[/QUOTE]
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if you bought a jefferson smooth edge read this
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