Author
Topic: Error notes whats the best?  (Read 9114 times)
Agio
  • Guest
« Reply #15 on: August 23, 2007, 05:27:20 pm »

Sorry if I sound cynical, but error notes are not good investments as they don't generally go up in value over time and they appeal only to a small segment of the collecting community, mainly specialists in the area.  Has there ever been a sudden interest in a certain error type that sent the market upward, even briefly?  I don't ever recall that happening.

I thought 'investment value' was irrelevant to you. Not meaning to seem picky but consistency is always nice.
Errors have their place just as any other item in paper money has. Some people love them and a few are truly spectacular and I agree, they are resurging.
walktothewater
  • Very Senior Member
  • *****
  • Posts: 1,371
  • Join the Journey
    • Notaphylic Culture
« Reply #16 on: August 24, 2007, 04:38:20 pm »

Quote
Those phony miscut $2's are a CRIME as far as I'm concerned!

Could not have said it any better.  What a blight to the hobby!  No matter how many posts or guides one writes --there's always the unscrupulous taking advantage of the neophyte.

There was a Journey miscut fold error $5.00 (with about 20% of lower note attached to the bottom right corner) and the seller was asking $1000.  There has been other errors offered on that notorious online auction house --with extremely high starting bids.  Its as if these sellers (many who have no selling history ie 0 previos sales) are basing their price on rarity rather than book.  Very interesting but I doubt errors will go up that dramatically in so short a time. 

Most collectors I know who collect amazing errors are more into it for the eye appeal (or uniqueness of the affected note)  in their expanding hobby rather than to make a buck/ investment.
« Last Edit: August 24, 2007, 04:40:57 pm by walktothewater »

Agio
  • Guest
« Reply #17 on: August 26, 2007, 09:22:08 am »


Most collectors I know who collect amazing errors are more into it for the eye appeal (or uniqueness of the affected note)  in their expanding hobby rather than to make a buck/ investment.

Exactly wttw and the field of error collectors has been growing which cause A)prices to go up and B) scumbags to sell fake errors such as the 'miscut' two's or ask stupid money for real ones.
It'll settle down like the Charters did. Unfortunately the hobby will lose some more people new to the hobby because they got screwed.
 

Login with username, password and session length