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 Replies: 20 / Views: 3,276 |
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Pillar of the Community
United States
759 Posts |
I am reading this as mostly for the younger set, so no, but I definitely wouldn't discourage it for the rare individual that might be interested. Any communication on it would have to start via Snapchat, Instagram, Facebook Messenger, Kik, WhatsApp etc., or it wouldn't even register. Maybe it might be about 27th on the list, well below art, music and coding. I generally don't make recommendations to adults unless asked. JMHO.
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Pillar of the Community
United States
5825 Posts |
To someone just starting out I'd say "yes" BUT out of circulation.
Cents and nickels.
Get them used to the overhead (albums, 2x2's, flips, etc.)
If it doesn't catch on with them then there's no significant loss.
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Bedrock of the Community
United States
10284 Posts |
I agree that Jefferson nickels is good place to start. Especially this series. There are gobs of nickels floating around that are now an obsolete design for over 10 years already. A lot can be learned about grading and it is possible to find an almost 80 year old coin in your pocket change. There are members here that have completed a complete set at no cost. ( They still have the initial investment of saving a nickel ) Once one see's just how difficult it is to find certain dates, or just how difficult it is to find one nicer than the next of any one date, they are well on their way to learning about coin collecting. Then they are equipped to move on to other type coins. |
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Bedrock of the Community
United States
10284 Posts |
I did not see at first that the OP was from Poland. I bet that there is a Polish coin series to collect though in circulation that could be fun.
I also think sending a new collector to a place like CCF will help them learn about coin care, grading, and pitfalls like counterfeits.
One can learn what a fair price is only after they learn to appreciate what makes one coin better than the next.
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Rest in Peace
United States
17900 Posts |
Collecting anything is usually motivated by a search for knowledge. Coins offer one of the greatest depths of current knowledge and new research available.
Coins have been counterfeited since coins began production. You can learn to spot the vast majority of those counterfeits regardless of if they are 2000 year old Roman fouree or the consistently crude China junk made yesterday.
Id recommend our hobby to anyone who has a modicum of persistence and a thirst for knowledge.
I wouldn't recommend it to those with limited patience.
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Rest in Peace
10197 Posts |
My view is it all depends on 1) Why YOU collect. and 2) WHAT you collect. To collect what I consider to be high $ series, such as Morgans/Peace or 18-21st century sets will of necessity be risky. ANY rare issue is prone to be faked, the adage "buyer beware" is paramount.
Collecting for investment is never wise. Rate of return is very poor, better off in other venues. Rare coin investment is speculative, just look at NGC's newsletter, lists the ups & downs of "investment" coins...BIG drops, LOW gains. If you have the resources (most of us don't), then your decision to risk, I for one would pick other risky ventures.
Most collectors chose what they "like". I'm more of a "pou de tout", meaning one of each (saw that on a menu once!). A wide variety, centering on those of affordability (cheap) and lower denomination/contemporary. Small cent issues 1857-2017, filling in the blanks w/o the BIG boys, nickels 1913-2017, and dimes 1916-2017. Have to draw the line there, budget constraints, but do have smatterings of the others, enough to work on a 7070. I have purchased KNOWN fakes, only for the learning aspect on how to spot 'em. Nobody likes being "taken", but that becomes a factor basically when going after the rarer hole fillers. Each of us needs to LEARN about counterfeits, at least be AWARE of the possibility.
I have had zero fortune in gaining new numismatically interested individualsl within my family. Youngsters just roll their eyes, "there goes Gramps,...again" and the older ones are wondering who's going to inherit the small amount of bullion and coins I do have!
Hopefully, the contests, giveaways, and sale items on the forum here that I'm doing, will help to inspire new collectors, that's my ultimate goal. A hobby is something you should enjoy, be satisfying, leave the drudgery of investments to your broker!
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Pillar of the Community
United States
634 Posts |
I think that coin collecting will only "die out" if cash ceases to be used in everyday commerce altogether. That is the greatest threat to the hobby.
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Bedrock of the Community
United States
17884 Posts |
Quote:
today's youth has little to no interest in the hobby, just look at the average coin collector's bio. JMHO The bio's have changed very little over at least the past 80 to 100 years or so. The average coin collector has always been an older male with a average age in the 50 to 60 year old range. When I started studying coins over 50 years ago the age of the average collector was pushing 60. If you go back an look at the attendance photos from the early ANA conventions around the beginning of the 20th century, you will see that the attendees are around 60 years old. |
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Bedrock of the Community
United States
20753 Posts |
Quote:
Counterfeit coins are going to be the ruination of the coin collecting hobby, nothing paranoid about it. Not to mention, today's youth has little to no interest in the hobby, just look at the average coin collector's bio. JMHO All so true. I recently attempted to get my granddaughter into coins. She seams interested but would rather mess with the internet, videos, computer games, etc. Counterfeiters have already ruined many hobbies. Even our own government and manufacturers of items end up ruining hobbies like collecting. Postage stamps, Hot Wheel cars, Beanie Babies, etc., etc. are only a few. My Son tried Sporting Cards but as he found companies started making so many, their values just fell, fell, fell. He showed me how he could buy boxes of 500 for $5. Now with everyone wanting to get rid of Pennies and maybe Nickels, those too will become difficult for kids to collect. The Half Dollar is almost gone and nobody wants those baby sized dollar coins either. May as well tell kids to try collecting Egyptian Mummies. |
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Pillar of the Community
United States
1314 Posts |
At my desk and going over a collection I purchased some time ago, I was going to respond with an enthusiastic "Yes!" Perhaps draw together all the exciting fields of history, metallurgy, art, economics and manufacturing. Then I ran across this, and have to conclude that coin collecting may not be for everyone.  Edited by Chute72
03/03/2017 08:12 am
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Rest in Peace
10197 Posts |
Chute, took me a bit...  |
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Valued Member
Finland
265 Posts |
I would recommend starting collecting coins as a hobby. I consider myself fairly young (35 years old) and new to this hobby (I've been collecting coins about 7 months).
Almost every area of collectibles has counterfeits be your focus on vases, miniatures, clothing or coins. As for myself first thing I did was trying to educate myself, got magnet and scale and few books. And most importantly if I am in doubt I'll ask here.
What brings enjoyment for me about this hobby is that you can set your focus and price range that suits you. And hunt for coins and bargains also brings joy not just getting coin for my collection. But I need to remind myself most of time if offer is too good to be true it is 99% of time.
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Pillar of the Community
United States
865 Posts |
Chute72- That is hilarious, in a sad kind of way.
And to answer OP's question, absolutely. But I do it carefully. I too carry a pocket piece that I play with in hopes of having people ask me what it is. If they seem genuinely interested about it then I will go into depth about the hobby of coin collecting and how they can start a collection. I always try to educate and inform these people about the counterfeits and ALWAYS give them the best advice that I've received in this hobby; "buy the book before you buy the coin" and/or "education is your best friend in this hobby.
In regards to the younger audience, I feel there is a lack of younger collectors, but I think that has always been the case. But I still see them at coin shows/ club meetings. I used to consider myself on the young side (I am now 30, started collecting around 24). But I see alot of the young collectors on social media, especially instagram. Maybe that is the new direction the younger crowd is going towards in this hobby; sharing/ trading/ selling on social media. If anyone doesn't have an instagram account and has not seen the coin community there then I'd suggest downloading the app and checking it out. Lots of very knowledgeable collectors with very impressive collections. I am on there with the same user name as on the CCF.
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Pillar of the Community
United States
6370 Posts |
Recommend pulling coins from circulation to any beginners. That should be enough to get them hooked.
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Pillar of the Community
United States
2130 Posts |
Yes I would recommend coin collecting to someone these days.
You shouldn't judge the amount of young collectors out there based on attendance at coin shows. I think most young collectors will agree with me.
Also, a lot of coin collectors keep there hobby a secret these days due to security. Some people will rob you for $20 these days. No way do I want a light flashing above my house saying I have $xxxx.xx worth of coins inside. My point is that there are way more collectors out there than we will ever know.
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Replies: 20 / Views: 3,276 |
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Posted 03/02/2017 08:54 am
