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 Replies: 31 / Views: 3,985 |
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Bedrock of the Community
United States
10635 Posts |
 with Carl |
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Valued Member
Australia
243 Posts |
- Less counterfeits, they are spoiling the hobby
- Less investors driving up the prices of rare coins
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Rest in Peace
United States
9104 Posts |
Investors are a net zero game. They say drive coin prices up temporarily, but long-term, the coin must have a collector. Be grateful. If it wasn't for investors, some coins would never sell.
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Pillar of the Community
 United States
1374 Posts |
Quote:
If a teen realizes they can turn a little money into more money by flipping coins, it won't be long before spending hours on ebaY/CL replaces a video game. Either can be an adrenaline rush. Very true and an example of youth utilizing technology in the hobby. I was wondering in what other ways the hobby can be more like a video game. More specifically, perhaps numismatic resources can be presented to youth digitally. In a way that they are both familiar with and excited by. For example, many youth and young adults these days would rather play a character in a video game rather than read about one in a book. just carl - Yeah, but remember that all these new collectors would create more demand for the coins you already own, too. Maybe getting rich isn't the goal (for some it is), but I don't think anyone would complain if their MS and rare coins doubled in real value over the next ten years. |
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Valued Member
United States
53 Posts |
Hello everyone! Just wanted to throw some hope out there for the younger age of collectors. I am currently 21 years old and have been collecting coins since I was 12 when I found an 1851 large cent in a field while looking for indian artifacts. Coin collecting is an amazing hobby and in my opinion is one of the best out there. Probably one of the best things that can be done to support the hobby is to encourage younger collectors and kindle their passion. I mean when I was younger I met several dealers who made me good deals and sometimes gave me coins that I showed interest in (usually worth 20 dollars or less), but it meant alot to me at the time when I could afford very little. I mean when I was 14 I bought my first 10 dollar gold piece (1893) and I thought wow I will never have $210 again! (Remember the good old days when gold was reasonable, silver too)But now I scarcely buy coins worth less than 200! People like that really helped me out and so now when I see younger collectors I give them all the advice I can and sometimes give them a coin or two that I think they might enjoy. Its fun for me to see others having fun in the hobby that I enjoy so much. Though I am in college now and buy coins often I feel like I will miss the hobby alot over the next couple of years since I joined the Army as an officer and will be going overseas after I graduate in June. I'm excited for the new military experience (im prior enlisted) but I feel like I'm really going to miss coin shows and such. Looks like I have alot of forum postings in my future! HAHA!
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Rest in Peace
United States
9104 Posts |
When we did shows, less expensive inventory was in books of 20-pkt sheets. Just for the halibut, we'd put an occasional silver quarter out for 20¢, or a merkily dime for a nickel. They'd last several shows before a kid bought them. Adults always figured there was a catch.
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Rest in Peace
United States
5375 Posts |
Quote:
If a teen realizes they can turn a little money into more money by flipping coins, it won't be long before spending hours on ebaY/CL replaces a video game. Either can be an adrenaline rush. This is EXACTLY what got me into this 'becoming a coin dealer' thing, started 5 years ago and I collected as a childhood hobby. |
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Pillar of the Community
United States
1510 Posts |
that is awesome! Quote:
I joined the Army as an officer and will be going overseas after I graduate in June. I'm excited for the new military experience (im prior enlisted)  Retired USAF 1983-2003
Edited by Coinstar
01/03/2012 5:53 pm
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Valued Member
Philippines
386 Posts |
Quote:
So, one easy thing you can do to help the future of collecting is to be here, sharing what you've learned. very inspiring and definitely |
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Valued Member
United States
126 Posts |
more younger collectors. I'm 15 and the only other collectors I know are 68 and 57. I dont know how, but more interest by my generation would help.
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Valued Member
United States
364 Posts |
1) Less counterfeits.
2) More focus on the international side of the hobby, especially the historicals, from the U.S. shops. For example, the hammered groats of the various English rulers.
3) Affordable prices for some of the rarer coins -- it is insane how much it costs to get a pre-1800 penny, for example.
4) More originality from the U.S. Mint including a return to abstract concepts and themes as opposed to boring Presidents and States.
5) A retreat in precious metals prices -- particularly gold -- which I personally don't see ever coming back down to anywhere near past levels. And silver is gradually starting to vanish, so forget that.
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Bedrock of the Community
United States
20753 Posts |
Quote:
just carl - Yeah, but remember that all these new collectors would create more demand for the coins you already own, too. Maybe getting rich isn't the goal (for some it is), but I don't think anyone would complain if their MS and rare coins doubled in real value over the next ten years. All kidding aside though try to remember that a really large quantity of coins have mintages in the low millions or even less and so far are not considered RARE. Just difficult to acquire. Way back when the population of the USA was only several million, a coin of less than a million could almost be found in change. Today with over 300 million in the USA and more and more of those are now coin collectors, true, the ones we already have are up in value. But what about the ones we don't have yet? And with all the now advertising of coins in all the medias, such as TV and the internet, the amount of collectors is already increasing massively. This is apparent at coin shows. I used to go to them and was one of maybe a few hundred. Now when I go to one I can barely get through the aisles due to all the people now going to coin shows. With the internet coin collectors are already increasing. And since there are so many coin forums, web sites and Google type info's available, coin collectors should increase much more that ever. |
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New Member
United States
15 Posts |
I have a LARGE family (12 children), I have given my kids coins in the snaplock holders to increase the interest and they have taken these to show and tells in their classes which has opened the door to some parents asking questions and even some getting involved in our hobby. I have also given Whitman Wheat Albums with about 20 "starter" cents to many of my kids friends. One of the biggest things I see is that in the Coin World old will always be in and I stress that when I talk to others about the hobby. I try not getting to wrapped up in the new coin PR69 craze. I will always choose a vg 1909 wheat over a pr69 2010 Shield anyday. Just look at the production numbers and the rate of old coins being melted or falling out of circulation. In my mind you can go wrong with low numbers and in this case, old age. We need to find a way to show the younger people how fun collecting can be without spending a fortune. It's going to be tough when we are competing with the xbox generation but I will do my part to help kids at least for now get some enjoyment from this great hobby. And by the way I am 40 this year and still consider a 1938 Wheat in my change exciting. I do admit that I have a nice stash of MS/PF 70's new stuff packed away just in case. |
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Pillar of the Community
United States
927 Posts |
I definitely feel that getting young people involved is most important. One of the clubs that I belong to has had several new young members in the past year. And they are pretty knowledgeable also. This is great. None of my kids expressed any interest in coins while growing up (I tried). But my daughter is starting to show some interest recently, and she is in her 20's now. My nephew just turned 7 recently so I signed him up for one of the coin clubs this month. At the meeting he won a Buffalo nickel and he exclaimed "this one has a buffalo on it". It made me feel good. It is also nice to see so many YN's on this forum. This is a great place to share information. |
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Valued Member
United States
100 Posts |
I just recently got into it, am 48. I have 2 sons one 17 and the other 10. They did not even know about silver coins until I told them I was wanting to start accumulating them (I'm not a collector of them per se but more an accumulator at the moment). But, I have an affinity for things old and the older Barbers, Walkers, Liberty's, Mercury's, Morgans and Peace coins...I enjoy showing them to the kids and seeing their expressions on how neat and interesting the coins are. I've always been a bit of a historian and of course it is fun telling them about how they get their names, what time periods they were made in, and to think of the history they beheld. They were used as common currency by those that built this country and preserved it through two world wars..Earl
Edited by EarlB
01/12/2012 5:23 pm
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Posted 12/31/2011 10:59 pm
