Where is the interest in minor DDOs coming from

Bingo

 

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The Potter reference came from my initial post, so again perhaps you should refrain from so matter of factly addressing what you clearly do not understand. I also cannot help but to find it quite interesting that you initially felt the need to so authoritatively when disputing observed fact with purely presumptive conjecture, yet now admit you know little about the types of coins in question.

Also, being direct when addressing an issue doesn't automatically mean one is stressed, upset, or angry, and I'll never grasp why this is so difficult for some to understand.

That said, perhaps someone should go back and read his own posts if the TPG thing is too hard for him to understand. The ONLY reason it was mentioned was because you brought it up claiming them, in part, "the true culprits". This too isn't that difficult to understand, sir.

 

The U.S. Mint is also partially to blame for this phenomenon with minor errors. It started in 2009 with the Lincoln Cents. With over 100 listed doubled dies for just the reverse of the Formative Years cent, I have to believe they purposely avoided any kind of serious quality control that year by letting these get by just to grab headlines and lines of people trying to get hold of these by the rolls. Eventually the furor died down as did the prices when tens of thousands of the same errors were found. BUT, it was a lot of fun while it lasted. Although the market is slim for these now, some made a nice profit on their finds, as did I, to fund other parts of my collection. Free enterprise is alive and well. I also agree with green18 about having to use a high power loupe to find these. This was a loaded question though as I knew it would garner both positive and negative responses. But these minors are still a good learning tool in the attribution process, staging process, what is worth keeping and what is not. People like James Porter (On F.B. with his page Coin Seekers ) , spent years searching for and finally completing a full set of all known doubled dies for the reverse Formative Years Cent. He had a lot of fun doing this and now has a specialized collection that is worth his bragging about. Marilyn Keeny also contributed greatly to the 2009 cents attributions ( Her husband Rufus has a realty TV show about mushroom hunting ) as did David Egelund from Missouri. You will see their names all over John Wexler's listings for their discovery coins. Collecting minor errors, is no doubt, a niche group in the bigger scheme of this hobby.

 

I do it because my grandfather got me interested in it as a child, it's very interesting, the hopes of finding new varieties minor or major. Not financial gain! We all have to learn somewhere and websites such as this are a great place to do this.I thank my grandfather for peeking my interest into coin colleting. I will pass pass my interest onto my two current grandchildren in the hopes they will not be called TROLLS! Have a great day !

 

Is that what set you off? That I was "so authoritative" in my post? I never once claimed or implied that I know anything about coins, and besides, OPs post has to do with a specific type of error (or variety), not coins. I do find it funny that you didn't dispute any of my points about YT/get rich quick but had a lot to say on how I delivered it. Kind of telling.

 

Would you really like me to dispute the idiocy you've admitted is based in ignorance? Serious question and I'll be happy to do so, especially since you find it so funny and all. I'll eagerly await your response.

 

I admitted I don't know anything about coins but my post had nothing to do with coins. The OP's question was about the sudden increase in interest on minor DDOs, not coins. My comment was about the get rich quick mentality and I explained why YouTubers shouldn't get the blame for it. What type of coins in question are you talking about?

You called the youtuber clowns, Ken and some of your fellow members here on CT as the trash faction of this hobby based on what ? Because YOU said so?

Btw, I read your reply awhile back but wanted to give you time to calm down.

 

Thanks JayF. I am truly amazed at the strength of the US coin market:

'The original estimate of existing 1955 Doubled Die cents was anywhere from 20,000 to 24,000 coins. Nonetheless, many coins possibly got lost in circulation and the number of surviving examples may be more like 10,000 to 15,000 in all grades combined.'

With an estimated 10,000 to 15,000 extant I am blown away they still demand such a premium...

 

Have to mention that I believe that report was 2009. But yeah, it's probably still close to that right now. I had no idea there was that many out there.

 

I know I wasn't one to call you a troll, but we have had a couple in the past few months with huge claims, no knowledge, You Tube watchers, etc. that have blown their own threads up, being adamant that what they had was a multiple thousand dollar coin just because their buddies said so. I think one of those threads went on for seven pages. Sometimes it's simply impossible to convince some people, no matter how many experienced folks tell them no, it's not what they think it is.

 

The only person striking it rich with pocket change is the guy who wrote that book.

 

Short pulling out the crayons, this is about the best I can do: you disputed the fact that this type of thing largely comes from clowns like Ken Potter and his ridiculously stupid and damaging "Get Rich Quick" book as well as YouTube. You claimed the greater culprit to be TPGs and auction houses. Follow me this far?

Perhaps if you followed such threads you would know that again and again and again many of the very people coming here hoping to strike it rich with their pocket change, "errors" and/or "varieties" have openly admitted where this came from. Care to guess where? I'll even give you a hint: it's not TPGs and very rarely if ever has anyone mentioned going straight to an auction house website. You countered observed fact with purely speculative assumption, and now wish to schmuckishly imply anger on my part as a means of deflection when the only issue here is placing blame where it's due.

Instead of making your little assumptions, perhaps you should make an effort to talk to Paddy, Pickin, Furry, Tommy, and a few others who deal with this regularly, or even start participating in such threads and see for yourself. Although I will not pretend to speak for them, I highly, highly doubly they're going to agree with you regarding responsibility or tell you they believe YouTube this innocuous destination contributing nothing but good to the hobby and/or forum. Oh, or maybe you should watch some of the videos/channels in question to see for yourself. Sorry, buddy, but when it looks like excrement and smells like excrement, and after you've had to clean it off your shoes a few hundred times, it's probably safe to call them piles of...

 

First off, it's clear you didn't read my post, typical and I expected that from you. So let me quote ME what I said :

That's what I said, unedited if you want to read it again. Now tell me where I disputed anywhere about this Ken guy and his book, I don't know him or his book. YOU are the one that mentioned Ken, not me and I never said anything about what you said about Ken. I don't know Ken, I didn't even know he wrote that book. Please quote me where I said anything about him and that book and I'll own up to it.

I never denied that people go to YouTube, didn’t say anything at all about where people go to get their info. My point was YouTubers repeat what's already a known fact and by that I mean their content are about coins that sold at insane prices at auctions/coin shows. When someone finds a rare coin and goes on heritage, guess what Heritage does? They promote that coin like crazy, they hype it up like it’s the last one that will ever be found. The higher the bid, the more money they get. I also said, if there was no YT, this same info would be in some website and they would hype the same info there..information about a coin that sold for tens of thousands. People go to YouTube because it's the simplest and easiest platform to get information. The content of those videos are from other sources.

Your argument was "observed fact" because that's what you mostly remember seeing from all the new posters on CT. I call that selective memory. I've seen some reference doubleddie or varietyvista which also publishes the 82 copper cent, the 55 and 69 DDO and other get rich quick coins. Why are you not up in arms over those websites?

As for TPGs, check the price guide on PCGS.com, look at the prices of cents in different MS grade. Cent that is set at thousands of dollars, did PCGS poll the youtubers to get that price? No. Now I learned recently (from a thread I started) that TPGs sets their price guide based on the market (buying & selling) which guess what, happens at auction houses/coins shows and not at clown shows OR YOUTUBE. If you're going to blame someone or something, you should look at them because they're the ones that drives the buying and selling. They help drive the price of a coin a bazillion percent more than its face value. When someone finds a semi-rare cent and goes on Heritage, guess what Heritage does? They promote it like crazy, they hype it up because they want people to fight for a penny...A PENNY. The higher the bid gets, the more money they make. I started that thread because I was checking how much modern zinc coins are worth, and saw a 2016 cent set price to be 2500.00 in MS-68. Whether it will sell for that is anybody's guess but when people see that...guess what they think.. "EASY MONEY!"

This is why I said YT is NOT the root of this get rich quick mentality. Do you get it now?

Whether or not the new folks getting into this hobby actually understands why or how PCGS guide are set at those insane prices is beside the point. That education comes from the knowledgeable people here at CT and other forums.

 

Everyone has there own taste one mans mans garbage is another’s treasure. Some of us are just starting our collections and I’m sure when you all started yours there was a certain coin or error that was sought after about the rest. Yes 99.9% of the time a person claims to have a rare error that have not done there homework well enough if at all I have been guilty of it but learned through the patience of most everyone here to check your discoveries thoroughly before causing a ruckus’s and not to use YouTube lol. But as Tommy said encouragement is key I believe and I’m not saying to beat around the bush or play patty cake so not to offend if people can’t take criticism or the straight truth there is nothing anyone can do to change that and most now are very sensitive. I am a youngster most of you would say but I do not take a lot if anything to heart yes I have thought some where very impatient or rude immediately didn’t bother me but It would most and it would Deter them from enjoying there hobby I would kind of say so be it more for us haha. I recently found a Doubled coin and I knew it was not a million dollar one but I was extatic. It was one of the first errors I had learned about it is no 55 cent but personally I don’t do this for the money and to be truethful if I did find a big money error I would have a very hard time selling it would I though possibly probably because my wife would make me. But my point is not everyone is looking to get rich quick some are but to each his own I have notice anytime I have posted a thread and had questions the majority of the Time the first thing out of mouths are it’s not worth anything or won’t bring a big premium and to me personally that is the biggest insult on here let the person ask the worth/value before you crush there plans for the money lol. This is not an angry rant by any means just my experience so far. I’m glad I joined I have learned alot

 

Indeed.........the '55 doubled die, but you could see the effect with the naked eye. Never did find one but I was so intense with searching at the time. I don't want to rain on anyone's' parade, and far be it from me to stifle anyone's flair, but forgive me folks if I don't search for things that can't be determined without the need of an 16X (20X) glass. I just can't be bloody bothered, but you young folks, you Marshall on.........I admire your fortitude and enthusiasm.

 

I am not bothered by anything I am very resilient my friend none of this was said with Any ill will or animosity I was simply making an observation and stating my opinion like everyone else I respect your opinion and have no anger here if I took some comment on here to heart I probably wouldn’t be on here anymore but I get that there are a lot of fake posts and ignorant people so I understand the impatience for stupidity. I find it interesting though that you don’t use a magnifier (you must have fantastic vision) either you have one B.A. collection or a very small one but with good stuff. Me I like the hunt and there is a lot of stuff out there to look for I just don’t want to pass something up that could have been a unicorn. But I enjoy it all. to each his own I just don’t think it would be as exciting. Happy hunting friend.

 

I do employ a 7X loupe on many occasions, but to assess condition and grade more than'error'......

 

What coins do you prefer or focus more on finding, what excites you? I find most everything interesting but I did come to realize one day I can’t just start keeping everything lol so I narrowed my search or I guess became more selective on what I would keep

 

My friend, I'm most often an Classical (US) commemorative collector, where upon, I apply the 'glass'. I'm also infatuated with 'moderns' and especially moderm commems.....

 

Forgive me lol I am ignorant to some of the Coining lingo but can you explain what you mean by “modern”? Please and I assume you are still referring to U.S. Coinage.