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Hype~is it worth getting in now?
CoinMeister
Posts: 650 ✭✭✭✭
Some Examples:
The Extra Leaf Wisconsin Quarter
The Speared Bison Nickel
The MN Quarters
Every new release from the Mint with a "limited issue", i.e. 20th Anniversary Eagles
08/07 W SAE
I have read threads here constantly about the latest and greatest coin that has been issued/discovered. While the thread goes up in count so does the coin. But as the time wears on and the hype disappears, the prices seem to settle. If the flipper market is hot on a coin, it seems natural to get in immediately as long as you are a flipper as well.
However, if you are a collector, has it ever been worth getting in on hype right away or is it better to wait for the dust to settle? Obviously it depends on desire, passion and if the coin has a limited mintage.
Hype is hype and it seems like a trap.
The Extra Leaf Wisconsin Quarter
The Speared Bison Nickel
The MN Quarters
Every new release from the Mint with a "limited issue", i.e. 20th Anniversary Eagles
08/07 W SAE
I have read threads here constantly about the latest and greatest coin that has been issued/discovered. While the thread goes up in count so does the coin. But as the time wears on and the hype disappears, the prices seem to settle. If the flipper market is hot on a coin, it seems natural to get in immediately as long as you are a flipper as well.
However, if you are a collector, has it ever been worth getting in on hype right away or is it better to wait for the dust to settle? Obviously it depends on desire, passion and if the coin has a limited mintage.
Hype is hype and it seems like a trap.
"What we are never changes, but who we are ... never stops changing."
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Comments
<< <i>No steer clear!!! Unless you're one of the first to discover the error you'll probably lose your shirt. >>
Agreed, I steer clear of all that carp
Yep, that's about the same advice David Bowers took when he was marketing all the 55 DDO shortely after they were minted. He did great selling those things for a buck or two. It was quick money.
<< <i>Agreed, I steer clear of all that carp >>
Something's fishy here.....
As a collector it is probably worth the wait to see what happens in a few years. Some will go up in value and most will tank. I think it will cost less overall to wait.
<< <i>I think it will cost less overall to wait. >>
Bingo.
Have a good one!!!
If it does not pan out - this time, if you keep trying, eventually it will.
If you hit - you'll be thrilled. If you miss, at least you tried.
If you feel the urge and do not follow through, it will nag you, for life.
If you're overly apprehensive - don't do it.
To thyself be true.
<< <i>Yep, that's about the same advice David Bowers took when he was marketing all the 55 DDO shortely after they were minted. He did great selling those things for a buck or two. It was quick money. >>
Bad example. The 55 DDO is a very dramatic variety and certainly not in the same league as the speared buffalo.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Here is a coin that is, in a nutshell, all about U. What's not to like about it?
Come on! Jump on the bandwagon - tell us afterwards how much you had to pay to climb aboard.
Experience the World through Numismatics...it's more than you can imagine.
roadrunner
1k raw in 2 years, we will see.
<< <i>IMHO the 08/07 reverse ASE, will be highly collectable in years to come.
1k raw in 2 years, we will see. >>
Highly doubtful. Going from the experience of previous limited issues like the 2000 Millenium or the 20th anniversary NGC Blue Label ASE, the only ones that showed considerable appreciation are the MS70's. The supply of raw and lower graded material simply exceeds the demand.
Liberty: Parent of Science & Industry
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Kharma is a real anomele.
Example, just look at the Lincoln 95 DDO. During complacent market lulls I held onto mine & now they're beginning to realize the premiums they should as is also the case with the 99-W $5 &$10 Gold Eagles that were struck with unfinished Proof die.
These NOW realize pretty hefty premiums.
The absolute best was being able to go to my local bank literally everyday and come home with countless
rolls of Lincoln Cents, in which I found double digits of 98, 99 & 2000 Wide AM. Now that was sweet!
Turning Cents obtained at face into healthy numbers was indeed VERY exciring and fulfilling!
Some call it hype, some miss out and later wish they had jumped on board during the early stages.
The 95-W is another great example. Don't sit there thinking - just go for it. All it takes is a couple to several
and they can literally pay for the entire order - and then some. If you snooze and do nothing, nothing will happen for you. Give it a shot.
<< <i>The discovery of an error in the present is many times taken too lightly. Hype/ Shmype. Those labeling it hype probably didn't get in. Move now or you will have forever missed your chance. Getting lucky by any other means is basically not going to happen except for a few undelfish people like Miles that shares with others.
Kharma is a real anomele.
Example, just look at the Lincoln 95 DDO. During complacent market lulls I held onto mine & now they're beginning to realize the premiums they should as is also the case with the 99-W $5 &$10 Gold Eagles that were struck with unfinished Proof die.
These NOW realize pretty hefty premiums.
The absolute best was being able to go to my local bank literally everyday and come home with countless
rolls of Lincoln Cents, in which I found double digits of 98, 99 & 2000 Wide AM. Now that was sweet!
Turning Cents obtained at face into healthy numbers was indeed VERY exciring and fulfilling!
Some call it hype, some miss out and later wish they had jumped on board during the early stages.
The 95-W is another great example. Don't sit there thinking - just go for it. All it takes is a couple to several
and they can literally pay for the entire order - and then some. If you snooze and do nothing, nothing will happen for you. Give it a shot.
There you go.
All the real hype is for the old coins. Not that I have a problem with the flowery
language, hyperbole, and double entendre used to describe old 18th and 19th
century coins for sale but let's get real here. Since when is reporting on new coins
of interest to millions of people hype while the fluff associated with old coins is
simply descriptive and defining terminology?
I had a thread here that proved it in no uncertain terms but I guess it got under
too many peoples' skin and it got deleted.
There had to be one classic bashing thread.
If you want to see hype just open up any Coin World or any other paper and look
at all the ads for classics and then try to find someone selling a 1971 quarter in unc.
The simple fact is that there's a lot of hype in the coin hobby and almost every bit
of it is promoting classic coins.
<< <i>
<< <i>IMHO the 08/07 reverse ASE, will be highly collectable in years to come.
1k raw in 2 years, we will see. >>
Highly doubtful. Going from the experience of previous limited issues like the 2000 Millenium or the 20th anniversary NGC Blue Label ASE, the only ones that showed considerable appreciation are the MS70's. The supply of raw and lower graded material simply exceeds the demand. >>
This is the same coin, Just a different label. Totaly different. I do not know where the price will be in the future, as compaired to the " KING OF SILVER EAGLES " ( 1995-W ) The 2008 /2007 Reverse certainly has the potential to become the " QUEEN "
Have a good one!!!
<< <i>I'm still waiting for they hype to die down on 1796 quarters and prices to settle before I finally purchase one >>
Me too. Meantime I will have to settle on the newer hyped stuff.
-David
``https://ebay.us/m/KxolR5
One makes one's own judgments about whether an anomaly is essentially cool and will be regarded as others as such (e.g., the WI high/low leafs vs the MN varieties). There are the objective considerations as well that are typically unknown, viz, how many dies were involved, how many coins are produced by the die(s), whether the production was interrupted early on in a run, whether mint employees caught and screened out a proportion of the production, etc.
For my part, I consider the ones I acquire to be of essential interest, and I'll try and acquire one when the news comes out. At times, the strategy works out OK because the item holds some interest over time and proves to be scarce (e.g. 1999 Lincoln Wide AM MS); at other times, I overpay because the item proves to be of less abiding interest/ and to be relatively plentiful vis a vis demand (e.g. 1999-S Lincoln Close AM Proof). It's a dollar clost averaging model, which so far has worked out in the aggregate.
Here's a warning parable for coin collectors...
'mysteriously,' the price doubles or triples, and suddenly, these coins that you could never find anywhere before are now readily available.
"Seu cabra da peste,
"Sou Mangueira......."
Hoard the keys.
Usually I get in, thanks to this board, before the prices get too outrageous.
The name is LEE!