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Collecting Dieing?

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dustin43160's Avatar
United States
367 Posts
 Posted 11/11/2007  4:53 pm Show Profile   Bookmark this topic Add dustin43160 to your friends list Get a Link to this Message Number of Subscribers
do you guys think that collecting coins here in 20 years will be more popular or less? I dont see very many younger kids like me collecting coins. most kids now days dont care they just want to be cool and have a cell phone. what do you guys think? to me its rare to talk to a collecter that was born after 1978. could this be good news for the new stray collecters as demand will go down?

dustin
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Gold Certificates's Avatar
United States
206 Posts
 Posted 11/11/2007  5:21 pm  Show Profile   Bookmark this reply Add Gold Certificates to your friends list Get a Link to this Reply
well if it makes you feel any better, I am a college student who actively collects coins. But I think that the demand may go up becuase of the State Quarters and the Presidential dollars.

But only time will tell. I hope to see more young people like me get interested in this hobby too. The more the better because we can all share our experiences with one another.

-Ben
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Metalman's Avatar
United States
7123 Posts
 Posted 11/11/2007  5:30 pm  Show Profile   Bookmark this reply Add Metalman to your friends list Get a Link to this Reply
Hi Dustin ,, I think there will always be coin collectors ,,many young folks start collecting and then as life ,school all levels,family and work start they prioritise and return to it later in life when things slow down a little and more time and money become available .

and there are those who collect throughout their life ,,like myself started at 12 and have never really stopped ,, even at the height of my family life I still found time and a few dollars to add to my collection from time to time .

I have 1 youngster and one adult who I mentor and help with their collections ,,some of that help is teaching them how to save and spend their money as well as teaching them the finer points of building a collection to make sure that their collections do not stagnate ,, one of the worst things that can happen to a young/new collector is for their collections to abruptly stop ,, that is where they usually lose interest .

By the way I'm always interested in adding another young collector to my help list ,, even if its only by email .

Metalman

PS I also supply several dozen packets of coins to students at the local grade and intermediate school 6th and 7th grades ,,Im hoping to spark a few YN's with this program and perhaps even start a coin club at this age level in the school .



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BadThad's Avatar
United States
19948 Posts
 Posted 11/11/2007  5:44 pm  Show Profile   Bookmark this reply Add BadThad to your friends list Get a Link to this Reply
quote:
PS I also supply several dozen packets of coins to students at the local grade and intermediate school 6th and 7th grades ,,Im hoping to spark a few YN's with this program and perhaps even start a coin club at this age level in the school .



That is just so cool!
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Ken_3567's Avatar
United States
651 Posts
 Posted 11/11/2007  5:46 pm  Show Profile   Bookmark this reply Add Ken_3567 to your friends list Get a Link to this Reply
Funny thing about being a grown up. Your pay check will grow substantially when you get older allowing you to have greater disposable income. These extra $$ will allow you to re-visit things you thought interesting as a kid but never checked out. So in a sense you'll be a kid again

Lot's of folks in their 30's, 40's, 50's & even 60's are just starting out collecting.
New Member
Merkurwwu's Avatar
United States
3 Posts
 Posted 11/11/2007  9:29 pm  Show Profile   Bookmark this reply Add Merkurwwu to your friends list Get a Link to this Reply
I was born IN 1978 and have just now gotten back into collecting after I stopped collecting with my mom in 1988 and dabbled it in until 1998 as college heated up. Like was mentioned above, after things in life calmed down after college, getting a house, an increase in income, etc I got back into it. But you're right. Friends of mine around my age say, when I ask them if they're interested in coin collecting, "Sure! If I can spend them after I collect them." Oh well... :)

People under 30 years old don't have any idea how to even save up money to buy things they want (and use credit instead) let alone save money to NOT spend- or worse, save money (coins) to not pay any interest that shows up on a bank statement!

I can't help but wonder as the economy slows down and people realize they can't spend money anymore that they'll look at coins and think how cool and interesting they are and get the bug. *yes, the weather IS nice on my planet, why do you ask? *
Edited by Merkurwwu
11/11/2007 9:30 pm
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SA4H's Avatar
United States
2764 Posts
 Posted 11/13/2007  03:03 am  Show Profile   Bookmark this reply Add SA4H to your friends list Get a Link to this Reply
Hi Dustin,

Well, I born after 1978 too... so at least we have a few collectors in this CCF..... I have similar concern/wondering about this subject too.

But I also agree that the Washington quarters and Presidential dollars will spark interests in people (mostly Washington quarters, because more of them see in circulation).

I am thinking of ways to park coin collecting interests in my Boy Scout troop too. Like Metalman approach, if each of us can teach/recruit/mentoring a few new young collectors then that's an exponential growth to the hobby. We should all follow Metalman approach.

Metalman, Thank you for your offer. It's one of the reason why I am here and remain active - because of such people like you and others great members in here. I'll be asking for your help when things arise.
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tonphil1960's Avatar
United States
382 Posts
 Posted 11/13/2007  04:49 am  Show Profile   Bookmark this reply Add tonphil1960 to your friends list Get a Link to this Reply
Here, Here to all the younger collectors out there. I do think that the hobby is slowing down though. Sure you have the up and comers who might get into coins, buying multi thousand dollar coins as they have so much disposable cash they just buy everything in sight. The true collector that saves his money to fill a hole is a dying breed I think. I hope the young people keep their interest in coins and at least try to pass it on to their kids.

Tony
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Gold Certificates's Avatar
United States
206 Posts
 Posted 11/13/2007  10:55 am  Show Profile   Bookmark this reply Add Gold Certificates to your friends list Get a Link to this Reply
That's what I plan to do with my collection. I'd love to get my future kids interested in coin collecting. I've been facinated ever since I was about 3 or so. So that's been about 15 years now. But I just got serious the last 5 years or so.
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Amazon99's Avatar
United States
2443 Posts
 Posted 11/15/2007  3:41 pm  Show Profile   Bookmark this reply Add Amazon99 to your friends list Get a Link to this Reply
Well, I fall in the after 78 period since I was born in '87. I think collecting in 20 years will be around the same or slightly more popular (do to the mint with there new coin design per minute of the day). I think the reason that a lot of younger people aren't in this hobby is because it's expensive, and there's A LOT that you need to know (fakes, conditions, what it's worth, cleaned coins, damaged, altered, slabbed, home made slabs, etc). I just recently got back into collecting from when I was younger. I think coin collecting is one of those hobbies that once you show some interest in it, that once your bit it can take a hold of you right now or it can say dormant for a while and then come around at a later time. Plus, when your older, you have more disposable income to spend. I also think that with kids, who's parents aren't major collectors and want to see their kids collect, I don't think they want to spend so much money on "coins". Some people would think that your crazy for spending a grand for a penny. To them a penny is a penny. Well, we all know better.
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longnine009's Avatar
United States
1247 Posts
 Posted 11/15/2007  6:42 pm  Show Profile   Bookmark this reply Add longnine009 to your friends list Get a Link to this Reply
Curiosity, spare time and a propensity toward introversion rather than extroversion, IMO, are the biggest things that make up a coin collector. Lots of money is not necessary to collect coins. Time to find out what your coins mean, what they are about is necessary. Curiosity to that at all is necessary. No one, however, needs any of this if all they want to do is piling up "stuff" and lose interest in a year or two.

Time is a trade off. The time you use to study your collection, to understand what it means to you comes at the expense of something else. You can't hardly be an extrovert shot-gunning suds and barking at a bikini contest and still be at home with a glass and album. At least not until we have a Quantum Entanglement Czar.

This is probably why it is older people who tend to collect coins. Even younger family types who do stay home and have a pretty tame life also have families to take care and "honey do" lists to tend to.

There has always been and always will be a certain *small* number of younger folks who don't "fit in" or simply reject altogether, the social dog and pony show that their peers are busy wasting their lives on. For those few: "We'll keep the lights on for ya."

Edited by longnine009
11/15/2007 6:47 pm
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SA4H's Avatar
United States
2764 Posts
 Posted 11/15/2007  6:54 pm  Show Profile   Bookmark this reply Add SA4H to your friends list Get a Link to this Reply
Hi longnine009,

So, you are saying that we, the young collectors, are weirdos..............

Anyone else think so? ............ I DO .............. instead of calling us "weirdos" (which I do called myself sometime), I say "We are different!" ....
Bedrock of the Community
United States
20753 Posts
 Posted 11/15/2007  7:02 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
The way I see it is the same thing will happen to coins that happened to Stamps, Beanie Babies, Hot Wheel cars, Baseball and Football Cards, etc. Even now the Mint is flooding the market with some coins that will be the end of collecting as a really big thing as it is now. The State Quarters was a real boom to collecting but now with the stupid baby sized dollars that no one wants, several types of them, tons of commemoratives, multiple varieties of Proof Sets, Gold Coins, Silver Coins, Platinum Coins and on and on and on. The Mint will run this into the ground as they did with stamp collecting. I remember so many friends that collected Stamps but then the constant release of so many just ran it into the ground. My son started on Baseball and Football cards but when he saw them being sold by the box of 5,000 for $5, he just gave up. I remember when Beanie Babies were in every store, shopping mall, flea market and everywhere you looked. Then too the market got flooded with way to many and crash, now selling for about $1 or $2 each. Hot Wheel and Matchbox cars used to be everywhere and some for hundreds of dollars. Same thing. Way to many so not to many except at Walmart for a toy and for $0.74 each and less during a sale.
Coin collecting will always be here but out Mint will flood the market and oh so many kids will say, nuts, just to many. Back to my computer games.
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longnine009's Avatar
United States
1247 Posts
 Posted 11/15/2007  7:39 pm  Show Profile   Bookmark this reply Add longnine009 to your friends list Get a Link to this Reply
Hi longnine009,

So, you are saying that we, the young collectors, are weirdos..............

Anyone else think so? ............ I DO .............. instead of calling us "weirdos" (which I do called myself sometime), I say "We are different!" ....

No outcasts, we all are because we are not living our lives by the script written by "the beautiful people." Our small number is proof of that.
Valued Member
dustin43160's Avatar
United States
367 Posts
 Posted 11/15/2007  8:08 pm  Show Profile   Bookmark this reply Add dustin43160 to your friends list Get a Link to this Reply
eh I admit I'm a weirdo many can back this up. every monday I go to the bank and get 25$ in pennies and look through em. I'm not into the newer lifestyle I own no cell phone,ipod, no so called cool clothes and dont listen to newer music unless its rock but not the screaming stuff. I do not like kids/ teens of my age they all worrie about being cool and all I worrie about is coins and my gf. I hate to see this upcoming generation when technology goes to the ground and they have to rub two sticks together.

dustin
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ceaton's Avatar
United States
1179 Posts
 Posted 11/15/2007  10:04 pm  Show Profile   Bookmark this reply Add ceaton to your friends list Get a Link to this Reply
I just started collecting about 2 months ago. I'm loving the hunt for nice coins. I wish I would have started along time ago. I think it takes someone to get you into it. Kind of hard to just pick it up and go by yourself. This Christmas, I'll be buying all my niece and nephews coin books/sets. Hope they enjoy it as much as I do.

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