This is pretty silly but a good lesson. A few years ago, I've been stashing away all the millennium coins that I found, hoping to find one incused flag. Despite seeing some examples online, I never got the hang of what one looked like. That said, when was the last time you saw any millennium 50 cents in the wild? I haven't seen one for a while.
I broke down and decided to buy one from a coin store a couple of years back, thinking that I'll never obtain one from circulation. Can't remember what I paid then - maybe 20 - 30 dollars?
Today I decided to sort out my change and get rid of the lower grade coins. Out of the fourteen millennium coins that I had, I still couldn't figure out what an incused flag look like. I decided to pull out the one that I bought just to compare what a normal vs incused flag looked like.
It just turns out that in the pile of coins that I stashed away five years ago actually had ONE! This is a really good ratio considering that some sites have estimated that about 1-2% of the entire mintage are speculated to be of this variety. Despite a nick on the edge and in circulated condition - I really didn't expect to find one!
Will be posting photos soon. Can't get any happier than that! Next will be the 1966 wavy 20 cents and 2000 mule 1 dollar.
I guess the lesson is - familiarize with what you are looking at! It could have just ended up in circulation (which may be good for other collectors

)