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Is Coin Collecting Dead

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SpaceMaNy0's Avatar
United States
343 Posts
 Posted 05/13/2016  11:13 pm  Show Profile   Bookmark this reply Add SpaceMaNy0 to your friends list Get a Link to this Reply
Yeah hard-wired things still work quite well in this wireless era. Remember when phones had cords?
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AcesKings's Avatar
United States
1629 Posts
 Posted 05/13/2016  11:23 pm  Show Profile   Bookmark this reply Add AcesKings to your friends list Get a Link to this Reply

Quote:
(and, here in Europe, getting a huge phone bill afterwards)


I can remember the first time I hooked up to the internet and picked the first # on the list. It turned out being a long distance # and the bill the following month being for $400!
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Demarco Bishopp's Avatar
United Kingdom
548 Posts
 Posted 05/14/2016  02:31 am  Show Profile   Bookmark this reply Add Demarco Bishopp to your friends list Get a Link to this Reply
Depends what you mean by "collecting"

Ever since I was a child I held onto small amounts of foreign currency from various family holidays. Does that constitute a collection? Or is it simply good sense to hold onto money that you may be able to spend some day?

There's a joke I once heard that every man has a drawer which contains things he believes he needs: lightbulbs, batteries, instructions for old appliances and foreign currency (Francs, Drachma, etc).


Edited by Demarco Bishopp
05/14/2016 02:40 am
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trout1105's Avatar
Australia
7096 Posts
 Posted 05/14/2016  03:18 am  Show Profile   Bookmark this reply Add trout1105 to your friends list Get a Link to this Reply

Quote:
There's a joke I once heard that every man has a drawer which contains things he believes he needs: lightbulbs, batteries, instructions for old appliances and foreign currency (Francs, Drachma, etc).



I have a Shed full of that type of stuff
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jbuck's Avatar
United States
189767 Posts
 Posted 05/14/2016  11:42 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
Ever since I was a child I held onto small amounts of foreign currency from various family holidays. Does that constitute a collection? Or is it simply good sense to hold onto money that you may be able to spend some day?
I say it counts. I did the same thing the first year or two, just kept everything (including those two Eisenhower dollars) in a small plastic box. I was not really sure why, but then my mom bought me a coin magazine and that was the jolt I needed.


Quote:
I have a Shed full of that type of stuff
I am working on that myself.
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Parklane64's Avatar
United States
2668 Posts
 Posted 05/15/2016  01:05 am  Show Profile   Bookmark this reply Add Parklane64 to your friends list Get a Link to this Reply
Me, too. I resemble that remark.

I've been collecting since I was a kid. Coins also.

I'm trying to remember why.......
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jbuck's Avatar
United States
189767 Posts
 Posted 05/16/2016  10:16 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
I'm trying to remember why.......
So you can help me fill some holes.
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mamastinky's Avatar
United States
441 Posts
 Posted 05/16/2016  11:45 am  Show Profile   Bookmark this reply Add mamastinky to your friends list Get a Link to this Reply
Coin collecting is a very long-lived hobby. I would say modern-day coin collecting is at least as old as the oldest known uncirculated coin. However, only until recently coin collecting was a luxury in which only the privileged could afford an indulgence. Just about 100 years ago in the US, that all changed when banks began a new trend in the loan industry and also when virtually every town suddenly had access to electricity.. middle class was born.

After the depression coin collecting enjoyed another revolution in the US. I would bet that the dominant demographic for collectors for a number of decades after WWII was probably veterans, and next their sons. But I was not a coin collector during those years, I wasn't even born until 1978. So I am speculating, here. My husband was born in 1969, and probably cannot remember a time without collecting. His father was a WWII vet.

I remember when I was first introduced to the hobby in 1999. I remember that the coin clubs and shows were almost exclusively attended by men, the majority of them retired, and the occasional retiree's wife who brought coffee and baked goods. Some GenX collectors were around at the shows with their kids. I found it all quite boring and stuffy, but I paid attention. Again, I am speculating, but at the end of the 90's, the hobby was still quite underrated, and poised for the tech revolution.

The internet has helped quite a bit, and the availablilty of information helps to ensure that obscure or hoarded rarities can now find their way out. But I believe that even if you couldn't reliably shop and learn online, there would still be all the clubs, all the shops, and all the huge shows there are today. I have a gut feeling that we are about to experience the next revolution for the hobby, and many newer, younger recruits are soon to dominate the halls. Here is the reason: digital photography. I was just the wife of a collector, except until I took my first beautiful photograph of a beautiful coin. Now I'm hooked. The imaging of the coins has inserted a whole new dimension into the experience of admiring, sharing, buying and selling. It is a monster in some ways - there are entire numismatic markets that now revolve around skillfull imaging (some are fads, some legit).

Coin collecting is not dead. No, that tolling bell you hear is just the shift change, a new generation about to redefine the hobby, but with respect for and guidance from all you coin gangstas, you bosses who still help define the hobby for the better. You know who you are, and your expertise and guidance will shape the next age of preservation and appreciation of all existing coin collections... Even in spite today's fiat coinage. In fact, because of it, coin collecting will not die.

You asked.
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jbuck's Avatar
United States
189767 Posts
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TheNumismatic's Avatar
United States
70 Posts
 Posted 05/18/2016  7:51 pm  Show Profile   Bookmark this reply Add TheNumismatic to your friends list Get a Link to this Reply
Currently 16. Been collecting for a few years now - maybe 4 or 5. I had a hiatus for a while when I didn't get any new coins, but I still looked at my coin collection and tried my best to organize it. I know some other people who collect coins too. It is certainly not dead - just sometimes peoples passions are not as vocal or visible.
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Alex12780's Avatar
United States
344 Posts
 Posted 06/01/2016  7:54 pm  Show Profile   Bookmark this reply Add Alex12780 to your friends list Get a Link to this Reply
I'm 17 And ive always even fascinated by coins, I started going out and buying a couple months ago.
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mamastinky's Avatar
United States
441 Posts
 Posted 06/01/2016  8:39 pm  Show Profile   Bookmark this reply Add mamastinky to your friends list Get a Link to this Reply

Quote:

Alex12780:
I'm 17 And ive always even fascinated by coins, I started going out and buying a couple months ago.


Alex, That is great to hear. Do you have any family or friends that collect? I am curious, can you describe the modes/venues to which you are exposed to the hobby most? i.e.internet, club, shows, magazines, etc.. I am interested in what draws Young Numismatists, especially 1st gen.
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goodkarmarising's Avatar
United States
63 Posts
 Posted 06/03/2016  09:14 am  Show Profile   Bookmark this reply Add goodkarmarising to your friends list Get a Link to this Reply
35 here and just started into collecting coins this year. I still have a lot to learn.
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ChildOfTheWheat's Avatar
United States
5828 Posts
 Posted 06/03/2016  09:36 am  Show Profile   Bookmark this reply Add ChildOfTheWheat to your friends list Get a Link to this Reply
I'm 15 now, and I started collecting when I was 13. I may not have been collecting long, but I sure as heck know a lot about numismatics.
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GR58's Avatar
United States
11951 Posts
 Posted 06/03/2016  3:13 pm  Show Profile   Bookmark this reply Add GR58 to your friends list Get a Link to this Reply
All I know is ... When I grow up I am going to be a serious collector.
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