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#1
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"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 |
#2
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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 |
#3
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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. |
#4
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#6
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On Mon, 16 May 2005 14:51:12 GMT, Anita wrote:
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 My stepfather bought an uncirculated roll of 1968-S Lincoln cents when they were issued. This year and mint had the lowest mintage number of any date from 1958 until the present, excluding proofs. Today, these are worth less than the 1968-P cents which had five times the mintage numbers, and they are worth about the same as any of the later common dates. Were the 1968-P's melted down or something?? He died in 1996. But I'm still waiting, because "some day, I *know* they'll be worth something". -- Bob Hairgrove |
#7
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On 16-May-2005, Bob Hairgrove wrote: My stepfather bought an uncirculated roll of 1968-S Lincoln cents when they were issued. This year and mint had the lowest mintage number of any date from 1958 until the present, excluding proofs. Today, these are worth less than the 1968-P cents which had five times the mintage numbers, and they are worth about the same as any of the later common dates. Were the 1968-P's melted down or something?? It has to be a supply effect -- Lots of other people saving 1968 S BU rolls, possibly because they are rare and "will be worth something someday." I buy BU cent rolls from a local dealer on occasion. Usually 1963 give or take. He charges me 75 cents. The only thing I can think is that there must have been a _lot_ of people saving BU rolls back then. |
#8
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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 -- */Jake Wasdin/* |
#9
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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 |
#10
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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. |
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