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Is The Numismatic Community Growing Or Shrinking?

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Valued Member
United Arab Emirates
283 Posts
 Posted 06/30/2013  05:28 am  Show Profile   Bookmark this reply Add Pheroow to your friends list
Yes I have went to many shops, including ones known by us locals only.
I have not found a single silver round, but I have found gold coins.
And no, they don't offer them at great prices.
One I have found wanted to sell me it for 25% over the gold price.
I am not sure if that is a good deal.
Bedrock of the Community
United States
20753 Posts
 Posted 06/30/2013  10:26 am  Show Profile   Bookmark this reply Add just carl to your friends list

Quote:
Never been to a coin show.

For what it looks from here the US is the place to live if you are coin collector.

May well be true. By me we have a coin show within 15 miles of me on all four of the first Sundays of every Month, all year long. There are so many coin shops, flea markets, hobby stores around with coins that coin collecting is rather easy.
On the other side of this is sort of what tbg was getting at. Population statistics. If you look at any coin book with mintage facts something that sticks out is the quantity of coins minted in the past. So many coins have been minted with quantities even less than one million. Many with less than ten million in the US that is. Now think of the population in the US of well over 300,000,000. Throw in the many people in other countries that collect US coins and there could well be 20, 30 or more millions of collectors. Using Mercury dimes as an example, notice how many have a little over one million made. Not all collectors will ever get many of the ones in that series.
Such facts could well discourage many prospective collectors. AND throw in all the counterfeits, this too makes for a dismal outlook for the future.
Coin shows have massive advantages but also disadvantages. With the price of gasoline, driving to one for many is rather expensive. The amount of thefts in some areas also makes leaving a coin show a problem. Of course there is no postage, handling, lost in mail, insurances, paypal fees, ebay fees, etc. at a coin show either.
Of course on line you only have to make it to the mail box.
For many that don't drive for some reason, work the same hours as a coin show, don't like crowds, to far to go to any coin shows, not much else left except the internet.
Pillar of the Community
United Kingdom
856 Posts
 Posted 06/30/2013  11:11 am  Show Profile   Bookmark this reply Add Tom Goodheart to your friends list

Quote:
By me we have a coin show within 15 miles of me on all four of the first Sundays of every Month, all year long. There are so many coin shops, flea markets, hobby stores around with coins that coin collecting is rather easy.


Whereas here (UK) we have .. maybe a dozen big shows a year? The main ones being the Midland, York and London (Coinex) off the top of my head.

The trouble is (IMHO) it's just a lot less exciting when the oldest coin you can find in change is a little over 30 years old. And none are silver, so there's not the thrill of picking through change you guys can get.

OK, there are the various Royal Mint issues. And bullion, but I don't know that's as popular here as in the US.

But real numismatic coin collecting, well, mostly that involves spending money. Sure, you can find odd coins in antique shops or at car boot fairs. But once you start to get serious then you need to source your coins somewhere else.

And whether it's ebay or a dealer's, that presents problems for kids who might be interested, unless they have sympathetic parents.

So however healthy or unhealthy the hobby is here, I suspect it's only people in their late teens and up that can take it seriously. And if you weren't hooked on the hobby as a kid .. well, I'm not sure what it takes to get people interested later ... certainly none of my friends or my daughter's friends are. Which to me doesn't bode particularly well for the hobby here in Britain.

Pillar of the Community
United States
9796 Posts
 Posted 06/30/2013  2:23 pm  Show Profile   Bookmark this reply Add westcoin to your friends list
At the local coin shows in Texas (where I'm at) seem to still have a lot of kids attending. Though most serious buyers are older mid 30's and up more so above 50. The ASE, State Quarter and ATB Quarter programs have helped somewhat by bringing in kids to the hobby. I don't see the membership of the ANA increasing and that is troubling. All serious collectors should consider becoming an ANA member IMO. For the younger crowd the scholarships for summer seminar and the ancient and early copper clubs they offer are worth it alone! I just hope with the introduction of a new and fresh ANA board that the ANA will greatly increase membership and how they do outreach online.
"Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013!
ANA Life Member #3288 in good standing since 1981, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, Liberty Seated Collectors Club (LSCC) & Numismatic Bibliomania Society member (NBS), USMex, Member in good standing, 2¢ variety collector.

See my want page: http://goccf.com/t/140440
Pillar of the Community
Canada
5417 Posts
 Posted 06/30/2013  2:50 pm  Show Profile   Bookmark this reply Add zxcccxz to your friends list
I think it is growing. Maybe not as a percentage of the population but definitely by the amount of people. I live in a city of 1.2 million people. We have one big coin dealer (and I mean he has huge inventory), 2 medium sized ones, a smaller dealer who deals is expensive, rare coins and all sorts of world commemoratives and bullion and many other who deal in bullion and commemoratives. I myself started serious coin collecting only a year ago. Now my collection has grown to include a thousands of coins including Morgans, Peace dollars, a MS-60 1833 bust half and many other valuable coins. Funny thing is I only spent around $800. I got some amazing deals and had my uncles friend (He's 70 something) pass to me a few hundred dollars worth of coins. My point is, people are interested in making money. Now you may be a honest collector like me or you may be an investor but collecting numismatics and bullion provides a safe investment and guarantees (almost) that over time you will make profit. Where I see nostalgia, others see something else and ultimately humans will be drawn towards things that interest them (for example I was very happy when I got my first Morgan dollar a 1897-O). I think that the numismatic community is definitely growing and will continue to do so for the foreseeable future.
Edited by zxcccxz
06/30/2013 2:51 pm
Bedrock of the Community
United States
36880 Posts
 Posted 06/30/2013  10:22 pm  Show Profile   Bookmark this reply Add IndianGoldEagle to your friends list
To me it appears to be shrinking as does the interest in other collectibles like stamps, postcards, etc. Seems the younger people have more interest in computer games and less interest in researching and collecting.
Valued Member
United States
293 Posts
 Posted 07/03/2013  8:45 pm  Show Profile   Bookmark this reply Add atchisonbj to your friends list
Part of what westcoin gets to see in Texas is what happens when you have a good active numismatic community. The Texas Twin Cities (Fort Worth & Dallas) have a very active local coin club(s) that bring alot of children into the coin business which is why you see children at the Fort Worth & Dallas shows.
Pillar of the Community
United States
1536 Posts
 Posted 07/04/2013  12:57 am  Show Profile   Bookmark this reply Add buddy16cat to your friends list
I think message boards like this one increases interest in coins. I think coin collectors have been much more successful in utilizing new media in spreading interest in coins. I started out just buying junk silver coins and got more interested in other types of coins through Internet message boards.
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United States
189767 Posts
 Posted 07/05/2013  11:12 am  Show Profile   Bookmark this reply Add jbuck to your friends list

Quote:
I think message boards like this one increases interest in coins. I think coin collectors have been much more successful in utilizing new media in spreading interest in coins
I agree.
Bedrock of the Community
United Kingdom
18010 Posts
 Posted 07/10/2013  5:27 pm  Show Profile   Check NumisRob's eBay Listings Bookmark this reply Add NumisRob to your friends list
I was amazed last year at the number of people collecting the British Olympic Games 50p coins. Some were even getting bags of 50p's from the bank to sort through.

I'm sure that many of these new collectors will lose interest after a while, but if only a few of them get bitten by the collecting bug, it will be great for the hobby!

On the other hand, traditional coin shops are in terminal decline around where I live. About 20 years ago there were 4 or 5 in a 20-mile radius of my home town. Now there are none.
Edited by NumisRob
07/10/2013 5:30 pm
Valued Member
Spain
134 Posts
 Posted 07/11/2013  07:25 am  Show Profile   Bookmark this reply Add silvermaniac to your friends list

Quote:
I think message boards like this one increases interest in coins. I think coin collectors have been much more successful in utilizing new media in spreading interest in coins. I started out just buying junk silver coins and got more interested in other types of coins through Internet message boards.


I think the internet in general is helping increase interest. I don't think I would be a collector without all the free information available on the internet; not to mention online shops and auction sites. It just makes this hobby widely accessible to anyone, even without means or any previous knowledge.

Everything I know about coins comes from the internet; including forums like this, of course.
Edited by silvermaniac
07/11/2013 07:28 am
Valued Member
Brazil
117 Posts
 Posted 07/17/2013  12:32 am  Show Profile   Bookmark this reply Add cipriani to your friends list
Here I notice that coin shops are shrinking, otherwise, internet sales are growing. I live in a mid size town. We had a great shop but the owner only sells through his website nowadays. Since I was a kid I used to spend the time I could there, looking at those coins and now I can see them only if I buy :(

In the other hand, it got easier for me to get rolls for cheaper prices. Competition among online sellers is so positive.

Information is more democratic, I can have access to catalogs just downloading them.

I am trying to become an online salesman, but I am having some trouble to buy large quantities here in order to start the business
Valued Member
United States
167 Posts
 Posted 07/18/2013  11:16 pm  Show Profile   Bookmark this reply Add Gallienus to your friends list
Hi Just Karl,


Quote:
And with coins, you could find almost any coin you want, need, desire on the internet


Actually I'm looking for a few coins.

An Ecuadorian 1846 8 Reals, a Peruvian 1822 8 Reals (well struck), a Colombian Indian Head type 8 Reals from 1819 - 1821 (Nueva Granada or Cudinamarca), a Mexican Maximillian 20 Pesos, and a Chilean 8 Escudos (prefer not 1818-20). Also a Syrian tetradrachm of Cleopatra /Marc Antony, silver 30 BC. Grades for the modern coins must be unc and grade for the tetradrachm must be good VF or maybe a bit better.

Really having difficulty finding these on the Internet. Have seen them at coin shows and auctions tho. If you find some please email me the links?

Edited by Gallienus
07/18/2013 11:18 pm
Valued Member
United States
293 Posts
 Posted 07/28/2013  2:07 pm  Show Profile   Bookmark this reply Add atchisonbj to your friends list
Cipriani: Here's just a thought. Since you live in Brazil I have to tell you that the coin show circuit in the American Midwest and Southwest has a shortage of good South American coins especially silver. So if you bought quality South American coins and are willing to sell to American buyers over ebay or even though this forum --- that might really work out for you. Here's another thought --- put education in your listings. Assume an American audience knows nothing about South American coins. Educated buyers are willing to shell out more money for the rarer dates if they know they aren't going to be sheared like a sheep.
Pillar of the Community
United Kingdom
548 Posts
 Posted 07/29/2013  03:15 am  Show Profile   Bookmark this reply Add Demarco Bishopp to your friends list
I don't know if the hobby is shrinking but it's certainly the case that most dealers are online. I live in the south-east of England which is pretty much the most economically active area of the country outside of London and I think we've got one coin shop down in Brighton with poor inventory.

I just buy online exclusively.
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