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<p>[QUOTE="Kevin Mader, post: 3994621, member: 106826"]Although a book probably could be written on the highs and lows of Variety Collecting, I’ll leave that for another author. I will offer this though:</p><ul> <li>Variety hunting appeals to a smaller segment of the coin collecting hobbyists. It requires good eyes/equipment, patience, and perseverance especially when it comes to <u>less </u>mainstream varieties.</li> <li>These hobbyists often collide with mainstream hobbyists that don’t have an interest in Variety Collecting (never mind hunting) unless it’s one of the ‘biggies’ (1922 Plain LWC, 1955 DDO LWC, 3-legged Buffalos, etc.). It usually happens when the variety collector posts for help on some minor variety.</li> <li>You won’t get rich Variety Hunting. As noted by the OP (or realized), most varieties don’t hold a lot of value. But CRH enthusiasts hunt for common LWCs, Jefferson Nickels, West Point Mint Quarters…just about anything you can think of. And there are the Silver Hunters…stacking silver. Is anyone going to get rich doing any of these? Especially regarding the return on investment of time, effort, money (gas, wrappers, donuts, etc.)? Clearly not. But there are always exceptions and we hope and pray that it’s one of us. We understand the toils of our hobby.</li> <li>Some varieties have value/interest. As [USER=41219]@furryfrog02[/USER] points out, unless a variety has mainstream collector interest (i.e., the big ones) their values are normally curbed. Normally. The biggies are things like the 1922 Plain LWC, 1955 DDO LWC, 3-legged Buffalo nickels. But there are a few uncommon, but valuable Varieties out there. This week, it was pointed out that folks’ search for the 1995-1DO-001. And for good reason; it’s considered a biggie. But it is the 3rd most valuable DDO for the Lincoln cent for that year. 1995-1DO-002 and 1995D-1DO-003 are more valuable. 1995-1DO-001 is more readily available which holds down the value…but also makes desirable because it’s ‘plentiful’. This holds true for other key biggie dates; 1972 DDOs come to mind.<br /> </li> <li>There are tons of minor/very minor varieties. Value-wise, these are negligible unless you find one in a high MS state…and arguably, it’s the grade of the coin and not the variety that give it an appreciable bump. Perhaps from a few cents to a couple of dollars…maybe a little more. What’s the value of a 4-leaf clover? People collect these too.</li> </ul><p>So, can variety hunting/collecting be justified? Of course; people do things that they are interested in doing. They are motivated. I don’t stack silver; it’s not my interest. There is nothing wrong with stacking silver. And I don’t ask permission of folks to variety hunt nor should anyone who has interest. Just do it whatever your motivations are. But it’s also fair to point out that many folks have trouble setting realistic expectations…especially when ‘motivation’ is being challenged by ‘movement’ (a much deeper discussion), i.e., getting rich. A person’s time is precious to them, or at least, it should be. If the trade off on time for a find is not justified, perhaps buying is a better means to that end. Expectations, like goals, can be reset. </p><p><br /></p><p>Anyway, enough rambling. It’s been building up for a bit, so I decided to release my thoughts.[/QUOTE]</p><p><br /></p>
[QUOTE="Kevin Mader, post: 3994621, member: 106826"]Although a book probably could be written on the highs and lows of Variety Collecting, I’ll leave that for another author. I will offer this though: [LIST] [*]Variety hunting appeals to a smaller segment of the coin collecting hobbyists. It requires good eyes/equipment, patience, and perseverance especially when it comes to [U]less [/U]mainstream varieties. [*]These hobbyists often collide with mainstream hobbyists that don’t have an interest in Variety Collecting (never mind hunting) unless it’s one of the ‘biggies’ (1922 Plain LWC, 1955 DDO LWC, 3-legged Buffalos, etc.). It usually happens when the variety collector posts for help on some minor variety. [*]You won’t get rich Variety Hunting. As noted by the OP (or realized), most varieties don’t hold a lot of value. But CRH enthusiasts hunt for common LWCs, Jefferson Nickels, West Point Mint Quarters…just about anything you can think of. And there are the Silver Hunters…stacking silver. Is anyone going to get rich doing any of these? Especially regarding the return on investment of time, effort, money (gas, wrappers, donuts, etc.)? Clearly not. But there are always exceptions and we hope and pray that it’s one of us. We understand the toils of our hobby. [*]Some varieties have value/interest. As [USER=41219]@furryfrog02[/USER] points out, unless a variety has mainstream collector interest (i.e., the big ones) their values are normally curbed. Normally. The biggies are things like the 1922 Plain LWC, 1955 DDO LWC, 3-legged Buffalo nickels. But there are a few uncommon, but valuable Varieties out there. This week, it was pointed out that folks’ search for the 1995-1DO-001. And for good reason; it’s considered a biggie. But it is the 3rd most valuable DDO for the Lincoln cent for that year. 1995-1DO-002 and 1995D-1DO-003 are more valuable. 1995-1DO-001 is more readily available which holds down the value…but also makes desirable because it’s ‘plentiful’. This holds true for other key biggie dates; 1972 DDOs come to mind. [*]There are tons of minor/very minor varieties. Value-wise, these are negligible unless you find one in a high MS state…and arguably, it’s the grade of the coin and not the variety that give it an appreciable bump. Perhaps from a few cents to a couple of dollars…maybe a little more. What’s the value of a 4-leaf clover? People collect these too. [/LIST] So, can variety hunting/collecting be justified? Of course; people do things that they are interested in doing. They are motivated. I don’t stack silver; it’s not my interest. There is nothing wrong with stacking silver. And I don’t ask permission of folks to variety hunt nor should anyone who has interest. Just do it whatever your motivations are. But it’s also fair to point out that many folks have trouble setting realistic expectations…especially when ‘motivation’ is being challenged by ‘movement’ (a much deeper discussion), i.e., getting rich. A person’s time is precious to them, or at least, it should be. If the trade off on time for a find is not justified, perhaps buying is a better means to that end. Expectations, like goals, can be reset. Anyway, enough rambling. It’s been building up for a bit, so I decided to release my thoughts.[/QUOTE]
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