"They'll be worth something someday"
I spent some $2 bills, dollar coins and 2005 buffalo nickels at a White
Castle in New York yesterday. This caused quite a stir and competition among the workers to buy up these denominations. One worker said he was buying the $2 bills because "they'll be worth something someday". I've heard this before and wonder why people think this about coins or bills that clearly will never be worth more than face value. It has been disproven time and time again, but people still think it. Everything from bicentennial quarters to $2 bills to half dollars to state quarters to dollar coins NEVER EVER are worth more than face value, yet there's this allure or myth of "worth something someday" that is apparently irresistable. I guess I know why it happens, but it never ceases to amuse me. Paul -- Paul Anderson OpenVMS Engineering Hewlett-Packard Company |
On Mon, 16 May 2005 14:46:22 GMT, Paul Anderson
wrote: .... It has been disproven time and time again, but people still think it. Everything from bicentennial quarters to $2 bills to half dollars to state quarters to dollar coins NEVER EVER are worth more than face value, yet there's this allure or myth of "worth something someday" that is apparently irresistable. I tend to think this way, too, Paul. I tend to think that something I don't see every day will be worth something one day. The thinking is probably true, but now I have to add that I probably won't be around when that day comes. She who recently cashed in $300 of circulated state quarters. They would be worth something *some*day :- Anita |
Geez you gotta get some books on modern paper money if you think bills
are only worth face value. 2003 B (NY) $1 star note in crisp uncirculated condition worth $100, and there are plenty of others. Knowledge is the key to paper money collecting. |
On Mon, 16 May 2005 11:19:22 -0400, "Wasdin, Jake E."
wrote: Well, really, I think that 100 years from now, a bicentennial will be just as valuable to collecters as a 1965. Paul Anderson wrote: I spent some $2 bills, dollar coins and 2005 buffalo nickels at a White Castle in New York yesterday. This caused quite a stir and competition among the workers to buy up these denominations. One worker said he was buying the $2 bills because "they'll be worth something someday". I've heard this before and wonder why people think this about coins or bills that clearly will never be worth more than face value. It has been disproven time and time again, but people still think it. Everything from bicentennial quarters to $2 bills to half dollars to state quarters to dollar coins NEVER EVER are worth more than face value, yet there's this allure or myth of "worth something someday" that is apparently irresistable. I guess I know why it happens, but it never ceases to amuse me. Paul I believe that people back in 1916 probably had the same kind of attitude towards people that picked up the new standing liberty quarter or walking liberty half and said, hey, these might be worth something some day. Paul, you take a very cavilier attitude towards other people seeing something out of the ordinary. And you say that "coins or bills that clearly will never be worth more than face value". Who are you to be "amused" at other people putting things away for a hopeful future appreciation? Why do you laugh at potential new collectors, who may start collecting coins or currency just because of the strange new items you've paid with? This elitist attitude is the one you see at coin shows where dealers decide you can't afford their coins before you even get to their table or the attitude that collectors show to people coming into this group with a simple question about something that seems out of the ordinary. This attitude is what will spell a death knell to collecting long before the endless new items being put out by the mint or the guys on TV that offer coins at some what inflated prices. If the TV or the mint web site are the only places people can get information without being laughed at, then that is where they are going to get their coins. If they like what they get and feel like the price is OK by them, then they spend their money as they like. Just don't look down your nose the next time you bring a little cheer into someones life by spending that half dollar or two dollar bill. Cliff |
Paul Anderson wrote: I spent some $2 bills, dollar coins and 2005 buffalo nickels at a White Castle in New York yesterday. This caused quite a stir and competition among the workers to buy up these denominations. One worker said he was buying the $2 bills because "they'll be worth something someday". I've heard this before and wonder why people think this about coins or bills that clearly will never be worth more than face value. It has been disproven time and time again, but people still think it. Everything from bicentennial quarters to $2 bills to half dollars to state quarters to dollar coins NEVER EVER are worth more than face value, yet there's this allure or myth of "worth something someday" that is apparently irresistable. I guess I know why it happens, but it never ceases to amuse me. Paul -- Paul Anderson OpenVMS Engineering Hewlett-Packard Company They think that because they usually see so few of them that they think they are scarce and will be valuable some day. If they would take the stuff to a coin dealer they would be greatly disappointed of course. I have no illusions of great future value but I like to collect AOL discs in their various packaging. I don't know how many I have but it is a lot of them. Just picked up one at Burger King for AOL 9.0 promoting the new Star Wars movie. It will be interesting to see how many different ones I can find over the years. One person has around 1000 different ones and there is some collector demand as they are being sold on Ebay. |
Hear, hear, Cliff. I feel exactly as you do. And as I recently sold a
roll of circulated Bicentennial quarters for 3 times face ($30 for the roll) at auction, I have facts to support the claims. But keep on putting your $2's and Sacagaweas and Bisons out there, Paul. We'll be glad to cash in on your ignorance. You clearly don't know a thing about values of modern issues. One man's trash is another's treasure. |
stonej wrote:
snip I have no illusions of great future value but I like to collect AOL discs in their various packaging. I don't know how many I have but it is a lot of them. Just picked up one at Burger King for AOL 9.0 promoting the new Star Wars movie. It will be interesting to see how many different ones I can find over the years. One person has around 1000 different ones and there is some collector demand as they are being sold on Ebay. Well, if you ever want to recycle them, you can send them to the guys who are trying to collect a million of them: http://www.nomoreaolcds.com/ |
In article , Cliff
wrote: Paul, you take a very cavilier attitude towards other people seeing something out of the ordinary. And you say that "coins or bills that clearly will never be worth more than face value". Who are you to be "amused" at other people putting things away for a hopeful future appreciation? I didn't intend to belittle those who think these denominations are "valuable". Why do you laugh at potential new collectors, who may start collecting coins or currency just because of the strange new items you've paid with? This is part of the reason I spend $2s, dollar coins and halves, and why I am putting a bunch of the new nickels in circulation. It's a little bit of education, exposing people to coins and bills they might not often see, a little bit of trying to get these denominations in circulation. I would love it if one of the people at White Castle picked up a coin book because of the money I spent there. Once they picked up a coin book or learned more about what it is they have, they would hopefully know the difference between something common and something valuable. This elitist attitude is the one you see at coin shows where dealers decide you can't afford their coins before you even get to their table or the attitude that collectors show to people coming into this group with a simple question about something that seems out of the ordinary. I love to talk to people about the coins and bills I spend. Do you know how many times I've explained what one of the new nickels are? I've had them refused a couple of times, but once I explain that they're the new nickels, the person often says "oh, I heard about these!" People, in general, love to receive the new nickels, halves, dollar coins and $2 bills. It makes a common money transaction a bit more fun. Just don't look down your nose the next time you bring a little cheer into someones life by spending that half dollar or two dollar bill. I don't. I'm having fun with money, including getting a smile out of someone who has just received something out of the ordinary from me. Paul -- Paul Anderson OpenVMS Engineering Hewlett-Packard Company |
In article .com,
Slopoet17 wrote: But keep on putting your $2's and Sacagaweas and Bisons out there, Paul. We'll be glad to cash in on your ignorance. You clearly don't know a thing about values of modern issues. Sure I do, but most of the money I spend has no value above face. However, I do spend any 90% or 40% silver halves I get even though I know the value of those. So if you get one of those in change, feel free to "cash in", but it won't be due to my ignorance. Paul -- Paul Anderson OpenVMS Engineering Hewlett-Packard Company |
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