Last Updated on 5/1/2008 by bidz

‘Special’ state quarters add up to chump change

Stupid Investment of the Week
By Chuck Jaffe, MarketWatch
May 1, 2008

“It’s not collecting, it’s speculation,” says Jon Hanson, a rare coin dealer in Wellesley, Mass. “You are buying something because you’ve been told it has the possibility to be worth something, but millions [of the coins] have been made and they’re easy to come by. … Things like these coins become worth something because of the hype, and that hype doesn’t last forever. When the hype dies and the focus shifts, there’s no demand, and you’re left having paid too much.”

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