Error Coin Conspiracy ?

I found this very interesting article on the internet! I wonder how much of this goes on or not ?





The Error Coin Conspiracy Theory



Lets all suppose if someone wanted to create a market with error coins and to make a very substantial amount of money on their investment. They would first gather a large amount of error coins or rolls or boxes that may contain error coins and begin to sell them with others involved so as to raise the going prices for these coins.

The higher the going market for any coin the more they are sought after. Because when any ordinary person dabbling in the error coin market happens to see, for instance, new coinage coming out and then sees on any of the online auctions selling a new error for $500 to $1000's of dollars, it then begins the scramble for the unsuspecting individuals that now will purchase error coins at values set forth in the beginning by the conspirators.

When a coin is sold and bought by any ruthless dealers or group of persons on any auction, the average person involved in collecting errors notices the huge prices certain coins are being sold at (and individuals thought is wow I can make money also.) Thus the public now begins to look for and tries to sell similar coins without the same results as those involved in the conspiracy.

In the conspiracy the amount these error coins are being bought and sold at are only costing the conspirators the amount the auction sites charge them for their scheme. Possibly the ones involved will try to buy up as many of these type coins they can to try and keep them out of the hands of the public and to drive the prices up and will occasionally, in order to keep it looking legit, will buy a coin from the public at a high price to keep the enthusiasm alive in the market.

If anyone hasn't noticed, the error coin market values are sometimes led by unscrupulous dealers or groups who can pass a coin around over a period of time to increase the value of certain coins. I believe the theory is harder to produce on real old coins, it appears to be much easier to accomplish in the new coinage market that has yet to be established by the conspirators and the unsuspecting public. These conspirators get in and get out for the most part in time to start when a new coin is minted and distributed to the public.

Most coins can be bought at face value with the same chance of finding errors as those being offered. How many have found coins the same or similar to those sold by unscrupulous dealers and weren't able to get the same value from identical coins? Once the conspirators start the scramble, the public jumps in and begins to run this conspiracy for them and lessens the chance of being caught in the scheme.

Not all dealers and sellers of error coins are crooked. Though the theory I believe does go on and the best thing that can be done is for the public that's involved in buying error coins to become more educated and patient when new coinage is introduced into the market. Don't be part of the problem, instead be part of the solution.
Conspiracy is a Crime.

Conspiracy: An agreement between two or more persons to commit a crime or accomplish a legal purpose through illegal action

Conspiracy theory is seeking to explain a disputed case or matter as a plot by a secret group or alliance rather than an individual or isolated act.

***Edited by Forum Mom for grammar and to split paragraphs***