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<p>[QUOTE="washingtonerr, post: 218202, member: 8635"]<b>I agree, but I'm cautiously</b></p><p><br /></p><p>waiting to see how many are out there and hopefully the US Mint will put a number out. I've been actively monitoring these boards and reading coin world and other magazines trying to stay atop of what is going on with these coins. First, my collecting experience is limited and goes as far as about 100 coins that were given to me when I was a kid which was about 25 years ago. Furthermore, when I was a teenager I bought some proof sets from the 60's and 50's which I sold last year for financial reasons, but I did make a nice return on these sets that I'm sure beat the stock market. Initially, I was hesitant to buy these coins when I learned about them in late February thinking that they would pop up all over the place as more rolls were opened, but evidently this never happened. Next, I was reluctant to buy any since I feared that I might buy some from someone that sanded them down. Finally, from watching ebay there appeaws to be one person (instantauctions) that has a hoard of these which seems to have kept a lid on prices and unfortunately I have no idea how many he has, but lately I have been pulling the trigger on a few auctions and I have bought 4 65's and 1 66 hoping that this instantauction guy is almost out and prices will begin to climb from there. I believe if coinworld confirms 60,000 out there then these fly, but if there are over a 100k then I can't see these shooting up in the near term. Heck when the presidential series is over 10</p><p>years from now there will probably be about 8 or 9 billion presidential coins out there (200 million per president times 45 presidents) and can you imagine if only 60,000 smooth edges ever made it out there out of 8 or 9 billion? This should be very interesting to see what happens and what the Mint concludes in their investigation.[/QUOTE]</p><p><br /></p>
[QUOTE="washingtonerr, post: 218202, member: 8635"][b]I agree, but I'm cautiously[/b] waiting to see how many are out there and hopefully the US Mint will put a number out. I've been actively monitoring these boards and reading coin world and other magazines trying to stay atop of what is going on with these coins. First, my collecting experience is limited and goes as far as about 100 coins that were given to me when I was a kid which was about 25 years ago. Furthermore, when I was a teenager I bought some proof sets from the 60's and 50's which I sold last year for financial reasons, but I did make a nice return on these sets that I'm sure beat the stock market. Initially, I was hesitant to buy these coins when I learned about them in late February thinking that they would pop up all over the place as more rolls were opened, but evidently this never happened. Next, I was reluctant to buy any since I feared that I might buy some from someone that sanded them down. Finally, from watching ebay there appeaws to be one person (instantauctions) that has a hoard of these which seems to have kept a lid on prices and unfortunately I have no idea how many he has, but lately I have been pulling the trigger on a few auctions and I have bought 4 65's and 1 66 hoping that this instantauction guy is almost out and prices will begin to climb from there. I believe if coinworld confirms 60,000 out there then these fly, but if there are over a 100k then I can't see these shooting up in the near term. Heck when the presidential series is over 10 years from now there will probably be about 8 or 9 billion presidential coins out there (200 million per president times 45 presidents) and can you imagine if only 60,000 smooth edges ever made it out there out of 8 or 9 billion? This should be very interesting to see what happens and what the Mint concludes in their investigation.[/QUOTE]
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