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How Many Collectors Of Can. Coins For Circulation?

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Pillar of the Community
United States
1373 Posts
 Posted 11/23/2014  08:28 am  Show Profile   Bookmark this reply Add atticguy to your friends list
First off, I find this a very interesting topic. I don't know if my opinion matters much, because I'm from the other edge of the lake, but I thought I'd just make a guess by using my opinion of collectors here in the US.

As long as you don't include the millions of people who actually don't 'collect' coins as a hobby, but just collect coins by just dropping all the change they get into buckets, cans, jars, and whatever and then just take them all to the bank when they need cash, they I thing the Group #1 total might be around .1% (1 in 1000).
I guess Group #2 might be as high as .07% (around 1 in 15,000), and finally Group #3 somewhere around .02% (1 in 50,000).

I'm making my guess from my feelings of the status here in the USA. Maybe the Canadian group has a much different attitude than what I experience here. I'm hoping to hear more from you Canadian collectors, and maybe I can learn a few things at the same time.
Valued Member
Canada
180 Posts
 Posted 11/23/2014  09:23 am  Show Profile   Bookmark this reply Add bellmaker to your friends list
Like the thread!

Group 1 guess is 50 percent if not higher. I would say that many people set aside coins that stand out to them.

Group 2 guess is 1 percent.

Group 3 guess is 1/10th of one percent.
Pillar of the Community
Canada
1747 Posts
 Posted 11/23/2014  10:53 am  Show Profile   Bookmark this reply Add ace_ftw to your friends list
TO be quite honest I think everyone here is way off. I live in the Metro Vancouver area and I believe there is roughly 3-5million (north van to Langley) and we only have 2 coin clubs, in Surrey (almost 1 million pop) there are 0 coin stores.

For me I think the first category is more like 2% (600K) and the other 2 catagories might share 1%

However note that the OP did not include Hoarders, or collectors of NCLT, or bullion. People who start in these may switch to numismatics like I did.

also the numbers would be higher.
Pillar of the Community
Canada
1505 Posts
 Posted 11/23/2014  12:22 pm  Show Profile   Bookmark this reply Add 47P7 to your friends list
Punman
a well designed poll would most likely get better results than for members to elaborate the ifs and buts.
in a poll everyone stays anonymous.
Perhaps if you would define the 3 groups, or maybe make it into 4 for a poll, the results would be more indicative of the way it really is.
what most of you have totally forgotten, or purposely ignored, is that we have a very large oriental population who uses expensive items such as expensive and rare coins as a way of saving and protecting. They believe in that, but they never tell.
In your original post you wrote Canadians collect Canadian coins. However, some posters seem to have missed that little fact and are trying to include or reference it into the US. Americans, Orientals and Europeans have different attitudes, reasons and approaches about "collecting" coins.
if you do the poll, perhaps you want to incorporate a question WHY, someone collects? investment? just for fun and hobby without monetary consideration? or other reasons.
The results could be very interesting and more accurate.
Pillar of the Community
Canada
849 Posts
 Posted 11/23/2014  11:20 pm  Show Profile   Bookmark this reply Add punman to your friends list
47P7 - you make some interesting comments. I was not too concerned about anonymity as I was not asking anyone what group they were in. If I did, this forum would not be a fair place to ask - private or not as it appeals mostly to people NOT in group one and would give the impression that 90% of Canadians seriously collect coins. They don't. I was simply asking what readers thought the make-up of Canadian collectors might look like.

I know people from other countries collect Canadian coins but I think we have enough trouble describing collectors in our own country, never mind collectors from far away places.

A poll would be interesting and if someone wants to start a new thread and do that I would not be offended. Polls can be good but I was more interested in the comments about why readers picked the percents they did as much as the numbers themselves.
Edited by punman
11/23/2014 11:22 pm
Pillar of the Community
United States
4233 Posts
 Posted 11/24/2014  12:05 am  Show Profile   Bookmark this reply Add kbbpll to your friends list
As a non-Canadian I'm not allowed to comment, but I will anyway. :) I think you're missing a fourth group. People who have a collection but don't collect. Call them the "inheritors". Grandpa maybe was only a type one, or perhaps a knowledgeable type one, and/or someone in a fortunate position with access to circulation. Passes off the coins to the grandkids many decades later, and many decades after that, there they sit, in a box under the stairs. I guess maybe I'm blurring the subject matter, from "who are the collectors" into "where are all the coins". From personal experience I would say that there are a large number of people with coins who aren't actually collectors, who probably have fairly valuable coins they don't even know about, and who not only haven't looked at their coins for 30-40 years, they may not even know precisely where they are. Yes, cousins, I'm talking about you. I'm guessing this group is the most profitable for the coin industry. Eventually.
Pillar of the Community
Canada
849 Posts
 Posted 11/24/2014  12:52 am  Show Profile   Bookmark this reply Add punman to your friends list
Thanks kbbpll. You make a good point and I thought a little of that when forming my question. There may be people with collections like those in group three that met all requirements for group three by what they own but they never spent $100 on a coin - but they may be holding several coins well over that value. I would think that after time they would either become interested collectors, pass them on, or sell them.

I had a ten year period where I never looked at my coins once and at that point I was probably a group two collector - so even collectors can become just "holders" and then revert back to avid collectors.
Valued Member
Canada
491 Posts
 Posted 11/24/2014  07:46 am  Show Profile   Bookmark this reply Add Strach-Man to your friends list
I know only about 40 Lrg Cent variety collector across Canada were a small group, any of you small cents collectors come to the Lrg side
New Member
Canada
48 Posts
 Posted 11/24/2014  9:52 pm  Show Profile   Bookmark this reply Add CoinsChangeLives to your friends list
i think that group 1 is very high because yes I'm young only a high school student... when people buy something from a vending machine, half the time the put any "cool" looking quarters they put in another pocket if they can afford it. but when you reach group 2 and 3 there is probably only 1% shared with them both. I probably am a class 2 but if I had the money I would be class 4! buying anything and everything!

this is a very interesting thread... I sometimes see people with a coloured quarter on kijiji for $5 saying its "rare". many just notice it and keep it to sell later.
Pillar of the Community
Canada
1005 Posts
 Posted 11/25/2014  10:00 pm  Show Profile   Bookmark this reply Add Bm0ney to your friends list
Almost everyone I know very well has saved a coin from change or was given something by an elder as a gift or whatever.
Kept for whatever reason as special.
Collecting coins from change to give to someone else who collects even makes that person a collector too.
Pillar of the Community
Canada
532 Posts
 Posted 11/25/2014  10:16 pm  Show Profile   Bookmark this reply Add Fixguy to your friends list
Id be a three if I would allow myself to be categorized. Perhaps one of my sons will catch the bug when they have no choice and inherit my collection. Otherwise someone will have to have deep pockets and time to sort a truckload.
Pillar of the Community
Canada
1505 Posts
 Posted 11/25/2014  10:34 pm  Show Profile   Bookmark this reply Add 47P7 to your friends list
Fixguy, I would love to Help you sort...If you allow me to pick
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Canada
10463 Posts
 Posted 11/29/2014  4:22 pm  Show Profile   Check SPP-Ottawa's eBay Listings Bookmark this reply Add SPP-Ottawa to your friends list

Quote:
...and my low ball Canada Silver Dollar set.


OK... I don't want to hijack this thread, but Pacificoin, you should start a new thread and show us some photos of these coins... I love seeing lowball dollar collections!!
"Discovery follows discovery, each both raising and answering questions, each ending a long search, and each providing the new instruments for a new search." -- J. Robert Oppenheimer

Content of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_US

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Canada
10463 Posts
 Posted 11/29/2014  4:35 pm  Show Profile   Check SPP-Ottawa's eBay Listings Bookmark this reply Add SPP-Ottawa to your friends list
Punman, interesting thread. I think your numbers for a Canadian collector base, are too high. The attendance at coin shows and club clubs probably reflects a much smaller collector base.

A few comments:

By your criteria, you would have to remove Canadian collectors who collect, ancient and world coins (sometimes, that is up to 50% of the collectors who visit my table at a bigger coin show in Toronto or Montreal).

What about Canadian NCLT collectors? Many of the RCM products exceed $100 in price, but that is a whole different coin market.

The majority of collectors I know, who would be "type 3" collectors, are what I call "reclusive" and "closet collectors". They don't participate on coin forums and rarely even visit coin clubs. A poll here would show biased results in that category.

$100 is not a lot of money anymore (anyone who puts gas into a larger SUV knows this). I would wonder if a better threshold would be a > $500 ceiling? I see a lot of buyers spending $100 to $300 on ICCS coins at Canadian coin show or auctions, but I see much fewer spending $500 or more coins...
"Discovery follows discovery, each both raising and answering questions, each ending a long search, and each providing the new instruments for a new search." -- J. Robert Oppenheimer

Content of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_US

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Pillar of the Community
Canada
1751 Posts
 Posted 11/29/2014  5:18 pm  Show Profile   Bookmark this reply Add pocket change 50 to your friends list
Yes yes I would enjoy a thread of low ball coins people collect. Please do start one. I've seen one started in classic US commens and it was fantastic!! I didn't know any Canadians were into the pursuit with Canadian coins!
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