Is Coin Collecting Dead Or Dumb.

I know right... I can't believe this thread has reached three pages... Believe me, if I had admin rights, this thread would have been locked a while back....

Too much cynicism in this thread.

This thread of four whole pages.

I'm no expert, but I've been doing this for almost six decades and the one thing I feel qualified to say is that the popularity of coins both as a hobby and an investment is very much subject to trends up and down. If I were an investor and not a hobbyist, there is one thing that would worry me, and that is that "young people these days" (pardon the cliche) are what I have come to describe as "non-archival." Those of us who are baby boomers have always been collectors of all sorts of ephemera--how many of you have in your basement a newspaper from the day we landed on the Moon or the day WWII ended? I find that young people do not have much interest in such things. I know at least one young collector spoke up in this thread, and I'm sure there are thousands of young collectors in this forum, but I hold to this observation as a cultural watershed. My theory is that it relates to the digitalization of things. Young people have all their music, photographs, books, etc., in what is actually called a "cloud." They don't have solid things that they carry around with them the way we did. I suppose, following the notion that trends come and go, we can hope that coin collecting might someday have a charm for young people, perhaps comparable to the trend toward vinyl records, but if my theory is correct that there is a true cultural change based on the use of digital storage of everything, the upward trend may be less frequent and less strong.

I've heard some things in this thread that were not very well thought out. "not worth it I'm not turning a profit in coins I bought 2-3 years ago". Very few investments make short term profits and almost no collectables do.
But then on the other side, I hear "none of the modern coins will ever show a profit". I buy unopened satin finish mint sets when ever I can. I also love the rolled Kennedy Haves during the same period because there are no other Kennedy's like them. Hard to get mint figures but I bet they are very low.
One of my favorites are also those cheep little dollars. The mintage on some years are very low but what I think could make them increase in value is it's very hard to keep them. Their one of the fastest tarnishing coins I've ever seen.
This by no means means I like the modern coins so much because I don't. But all old coins were once new coins, and although millions are made, very few will make it very long.

Darn and I wanted to talk about the history and coins. My reason for collecting.