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<p>[QUOTE="Valentinian, post: 2253181, member: 44316"]A few centuries ago in Holland unusual tulips were worth a lot of money, defying sense and logic. But, in the midst of the craze, how would you have known when to sell? Sometimes overpriced collectibles go up even more before the crash.</p><p><br /></p><p>Now, clearly (to me, anyway) doubled die US coins are priced high in a way that defies sense and logic. Maybe it is because there are so few interesting US coin types that collectors find interest in the tiniest details. The only interest of doubled-die varieties is that they are worth a lot of money, which is why they are worth a lot of money. The logic is circular. When people begin to realize that prices will crash. When? Years from now? Soon? I don't know.</p><p><br /></p><p>If they only knew of ancient coins, they would have a vast area to collect in which details can matter, but are rarely the reason for a great deal of additional value. So, with the declining interest of young people in US coins, I fully expect the value of doubled-die varieties to crash. It is hard to "time the market" but if I had one I'd sell it now and put the money into something interesting.[/QUOTE]</p><p><br /></p>
[QUOTE="Valentinian, post: 2253181, member: 44316"]A few centuries ago in Holland unusual tulips were worth a lot of money, defying sense and logic. But, in the midst of the craze, how would you have known when to sell? Sometimes overpriced collectibles go up even more before the crash. Now, clearly (to me, anyway) doubled die US coins are priced high in a way that defies sense and logic. Maybe it is because there are so few interesting US coin types that collectors find interest in the tiniest details. The only interest of doubled-die varieties is that they are worth a lot of money, which is why they are worth a lot of money. The logic is circular. When people begin to realize that prices will crash. When? Years from now? Soon? I don't know. If they only knew of ancient coins, they would have a vast area to collect in which details can matter, but are rarely the reason for a great deal of additional value. So, with the declining interest of young people in US coins, I fully expect the value of doubled-die varieties to crash. It is hard to "time the market" but if I had one I'd sell it now and put the money into something interesting.[/QUOTE]
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