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<p>[QUOTE="johnmilton, post: 7540845, member: 101855"]Just because some neophytes on eBay get into a bidding over machine doubled coins does not make it a stable market. I will believe that it’s a real market when dealers start offering to buy those coins, especially the ones where it takes a 10X glass to see it.</p><p><br /></p><p>There are many very minor, but legitimate doubled die coins. Those coins are hardly recognized, except in specialist books, and the market for them is very thin and limited. The situation for machine doubled coins is even more spread out.</p><p><br /></p><p>When I became a dealer, I didn’t much about machine doubling because doubled dies had never been an interest of mine when I was pure collector. I found some machined doubled Mercury Dimes that I thought were doubled dies. A dealer, who was an expert in modern coinage, explained the difference to me.</p><p><br /></p><p>You are free to buy and collect whatever you want. There is nothing wrong with that. The trouble comes if you start spending serious money that turns into a black hole. When then happens, some people get very sore at the hobby. Their anger is misdirected if they ignore advice from those who have been at this for a while.</p><p><br /></p><p>Some of us are here to warn you of the pitfalls. If you choose to ignore the warnings, that’s all we can do for you. The thing about machine doubling is that the list of coins that have it is almost endless.</p><p><br /></p><p>Unlike doubled dies, which are a product of a die preparation error, and a bit unusual, they are a much common occurrence that happens when a coin press gets slightly out of whack. When something is very common, it usually does not bring sustained high prices.[/QUOTE]</p><p><br /></p>
[QUOTE="johnmilton, post: 7540845, member: 101855"]Just because some neophytes on eBay get into a bidding over machine doubled coins does not make it a stable market. I will believe that it’s a real market when dealers start offering to buy those coins, especially the ones where it takes a 10X glass to see it. There are many very minor, but legitimate doubled die coins. Those coins are hardly recognized, except in specialist books, and the market for them is very thin and limited. The situation for machine doubled coins is even more spread out. When I became a dealer, I didn’t much about machine doubling because doubled dies had never been an interest of mine when I was pure collector. I found some machined doubled Mercury Dimes that I thought were doubled dies. A dealer, who was an expert in modern coinage, explained the difference to me. You are free to buy and collect whatever you want. There is nothing wrong with that. The trouble comes if you start spending serious money that turns into a black hole. When then happens, some people get very sore at the hobby. Their anger is misdirected if they ignore advice from those who have been at this for a while. Some of us are here to warn you of the pitfalls. If you choose to ignore the warnings, that’s all we can do for you. The thing about machine doubling is that the list of coins that have it is almost endless. Unlike doubled dies, which are a product of a die preparation error, and a bit unusual, they are a much common occurrence that happens when a coin press gets slightly out of whack. When something is very common, it usually does not bring sustained high prices.[/QUOTE]
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