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<p>[QUOTE=&quot;CoinBlazer, post: 3081611, member: 94776&quot;]<b>What is the cause for the pressure of financial gain in numismatics and &quot;investment coins&quot;?</b></p><p><b><br /></b></p><p><b><br /></b></p><p><b>Strike it rich, hot coins, value increase. We have all heard it before. What is the cause?</b></p><p><b><br /></b></p><p><b><br /></b></p><p><b>1.)&nbsp; Financial appeal to novice collectors</b></p><p><b><br /></b></p><p><b><br /></b></p><p><b>&nbsp;a) Fraudulent sellers</b></p><p><b><br /></b></p><p><b>&nbsp;Many novice collectors are lured into financial traps by online markets or wrongdoing dealers. To cover up any scheme, they focus on how rich you can get! How rare it is!</b></p><p><b><br /></b></p><p><b>This hype makes the unsuspecting novice become overly excited for what they have bought or been given.</b></p><p><b><br /></b></p><p><b>Solution? Do your homework</b></p><p><b><br /></b></p><p><b>&nbsp;</b></p><p><b><br /></b></p><p><b>b) Online hype</b></p><p><b><br /></b></p><p><b>Imagine this, you log onto your computer, click on YouTube to watch the next episode of PCGS grading basics and in your recommended videos is videos that looks like this</b></p><p><b><br /></b></p><p><b>&nbsp;</b></p><p><b><br /></b></p><p><b>&nbsp;&quot;SEARCH YOUR POCKET CHANGE FOR RARE VARIETIES&quot;</b></p><p><b><br /></b></p><p><b>&nbsp;&quot; $500,000 RARE NICKEL DISCOVERED, DO YOU HAVE ONE?&quot;</b></p><p><b><br /></b></p><p><b>&nbsp;&quot;VALUABLE SILVER COINS, SEARCH FOR THEM NOW&quot;</b></p><p><b><br /></b></p><p><b><br /></b></p><p><b>This is what I am going to call, extreme over hype. Video creators simply make flashy thumbnails that may not be fully accurate. All for the views and subscribers. They may not be completely wrong and they may mean no wrong, simply the viewer is caught up in the excitement and they keep on clicking and watching potentially misleading videos.</b></p><p><b><br /></b></p><p><b>Solution? Look past the flashy ads and use reputable information</b></p><p><b><br /></b></p><p><b><br /></b></p><p><b>2.) Long Term Financial Gain</b></p><p><b><br /></b></p><p><b>&nbsp;The next one is less common but more acceptable,the people who intentionally purchase coins and predict what will happen and hope to make a profit. To an extent this is acceptable because everyone has a hope to&nbsp; make a little money. But it is extremely unlikely to successfully predict what the rare coin market.&nbsp;&nbsp; </b></p><p><b><br /></b></p><p><b>3) Market Advertising&nbsp; </b></p><p><b><br /></b></p><p><b>Silver mints, major dealers and US mint all have their methods of marketing and advertising. Reminding people that it doesn&#039;t take rocket science to create a good collection. Which is true but it may take the common sense out of collecting. I think that novices trust hat they are buying to much and then become devastated when others tell them they made a bad deal.</b></p><p><b><br /></b></p><p><b><br /></b></p><p><b><br /></b></p><p><b>Conclusion- Coin overhype is a marketing tool towards new and novice collectors. Nothing wrong with it as long as all parties know all the facts. Thanks for reading!</b></p><p><b><br /></b></p><p><b>-CB&nbsp; </b></p><p><b><br /></b></p><p><b>&nbsp;&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; </b>[/QUOTE]</p><p><br /></p>

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