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#27
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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. Well, consider a stock held the past 40 years. If all it did was keep up with inflation but without any tax due then it has not made a millionaire but yet it is a very impressive chunk of value...Along those lines you need $10,000 worth of the targeted collectable not just a few items. Actually, I think $2 bills in uncirculated condition are very sharp. Also look for exponents of Mersenne primes as serial numbers of uncirculated $2 bills ! Also, I think modern coins need an edge such as the proof versions or versions mint packaged as uncirculated or first day strike versions... |
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