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Will Coins Continue To Appreciate In Value?

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Author Replies: 3 / Views: 34Next Topic  
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au_investor_4732's Avatar
United States
12 Posts
 Posted Today  1H 16M ago Show Profile   Bookmark this topic Add au_investor_4732 to your friends list Get a Link to this Message Number of Subscribers
For the first time in my life, I attended a coin show this morning. I was there to sell coins on behalf of my aunt, as I am her POA.

Most of the dealers appeared to be at least 65 years old. The attendees skewed towards an older demographic, though I did see a few younger people and even a few children.

Now I find myself wondering about the long-term prospects for rare and vintage coins. Even if the dealers and the older coin collectors attending the coin show eat their vegetables and keep their blood cholesterol and blood pressure down, they won't live forever. If their children/heirs are not interested in coin collecting, those collections will flood the coin market and may depress prices. Coin collecting involves a lot of responsibility to protect the coins from theft, oxidation, dirty hands, moisture, and various other risk factors.

Although my aunt's coin collection is very small, my actions today (selling coins without buying any) put downward pressure on prices. If there are too many people like myself out there, there will be too many coins chasing too few buyers.
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MintedNotPrinted's Avatar
United States
1412 Posts
 Posted Today  1H 3M ago  Show Profile   Bookmark this reply Add MintedNotPrinted to your friends list Get a Link to this Reply
A valid question...

I can't say what the future holds, but I had wondered recently if they had held their numismatic value thus far, so I checked out the sales ads in a 1966 copy of The Numismatist.

Every example has held its value since 1966 that I've checked

Before posting I chose another at random, back in January of 1966, a "brilliantly toned" 1856 flying eagle proof was being offered for $2,650, about $27,000 in today's money.

Checking PCGS, most graded examples are PR64, booking at $28,000

Will this continue, I don't know, but I found it interesting how well the prices correlate to sixty years ago.
Edited by MintedNotPrinted
Today 59M ago
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ijn1944's Avatar
United States
19374 Posts
 Posted Today  36M ago  Show Profile   Bookmark this reply Add ijn1944 to your friends list Get a Link to this Reply
The collectable 'industry' continues to grow--sometimes explosively, sometimes slow and steady. There are ups and downs, but I believe the trend is steady growth over time. As far as numismatics goes, many who are 'new' to the hobby collect for different reasons than what motivated those aging collectors (over 65)--back when they were kids/teens. Having said that, who knows what the collectables market will be 200+ years from now......
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RPT's Avatar
United States
936 Posts
 Posted Today  17M ago  Show Profile   Bookmark this reply Add RPT to your friends list Get a Link to this Reply
Since Covid prices have increased a lot. I think more time and money brought many new people into the hobby.
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