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I know you've heard me mention this time and time again!
But facts are facts, this market is a charging "Bull"...
Coin shows are busy, eBay is getting phenomenal bids on better errors, and Errors in National auctions are setting tremendous new record prices. Seems like NO matter what error it is! If you don't pay the sellers price, someone ELSE WILL!! This is a Sellers market and they set the prices, the only decision you have to make if you like the coin... Are you going to buy it! This may seem a little harsh, but that is usually the situation in a "Bull" market.
So! What can a market like this do for the collector? Because of the high prices being spent by dealers for BETTER errors, errors that haven't seen the light of day in decades have been slowly entering the marketplace. This is the collector's opportunity to obtain those NEVER SEEN errors that have been squirreled away for tens of years.
Example: we just purchased a 40% Off Center 1951 Franklin Half dollar, this is the first one we've ever physically seen in over 30 years in the hobby. This Off Center is probably 10x rare than a Standing Liberty Quarter off center and we ALL know how rare those are!
In closing, the prices may be high and probably are going to go a lot higher. But! This is probably the time when you locate that "to die for" error coin, you thought you would NEVER own...
For some of the record prices spent on error coins, see our "What's HOT and What's NOT?" article in this month's Newsletter.
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