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Is Coin Collecting Losing Interest?

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silversam's Avatar
United States
58 Posts
 Posted 11/09/2011  2:12 pm Show Profile   Bookmark this topic Add silversam to your friends list Get a Link to this Message Number of Subscribers
I'm not trying to disrespect ANYONE I'm simply curious? Is coin collecting catching on with younger generations? It seems like most of the collectors I know are seasoned 50+ years young. Also have been collecting for 20+ years.

I'm only 20 but my grandparents got me interested about 10 years ago. I don't know any other collectors my age. Is it just me or is coin collecting losing interest?

Seems like the people my age heck some even older care more about video games and stuff...
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chris86's Avatar
Canada
185 Posts
 Posted 11/09/2011  2:22 pm  Show Profile   Bookmark this reply Add chris86 to your friends list Get a Link to this Reply
I'm 25 and have also been collecting coins since I was a kid. I'm sure there are others too...
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silversam's Avatar
United States
58 Posts
 Posted 11/09/2011  2:25 pm  Show Profile   Bookmark this reply Add silversam to your friends list Get a Link to this Reply

Quote:
I'm 25 and have also been collecting coins since I was a kid. I'm sure there are others too...


Yes I agree but it seems like there are 1000's of older collectors, but way less younger guys.
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barryg's Avatar
United States
5850 Posts
 Posted 11/09/2011  2:39 pm  Show Profile   Bookmark this reply Add barryg to your friends list Get a Link to this Reply
I think it probably comes and goes. My six-year-old caught the bug after seeing his teacher's set of 50 State Quarters and I am now helping him develop his interest.

This is unlike, say, collecting antique pocket watches or anything else made exclusively many years ago. The great thing about coin collecting is that they are always minting new types of coins, and when you see something that catches your eye there is often the desire to go back in time and look for more.
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slowaltima's Avatar
United States
203 Posts
 Posted 11/09/2011  2:53 pm  Show Profile   Bookmark this reply Add slowaltima to your friends list Get a Link to this Reply
I'm 28 and have been collecting for over 20 years. Grandparents got me interested when I was younger and my parents helped me with my collection in the years since.
Valued Member
United States
143 Posts
 Posted 11/09/2011  2:59 pm  Show Profile   Bookmark this reply Add IC Double to your friends list Get a Link to this Reply
Im 32 and been collecting coins since I was about 5. But I do think coin collecting is not catching on to the younger generations. I recently went to a coin show and I was the youngest one there out of a few thousand people that showed up to buy or sell coins. There was one kid younger than me working the booth with his grandfather. But with all the people that showed up the average age I would say was about 60 yrs old.
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akane17's Avatar
United States
404 Posts
 Posted 11/09/2011  3:00 pm  Show Profile   Bookmark this reply Add akane17 to your friends list Get a Link to this Reply
I think with the internet the numbers get skewed. If you are going to shows you're going to see an older group of collectors because that's what they know. The younger collectors while they may go to shows every now and then do a lot more purchasing online.
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John1's Avatar
United States
56855 Posts
 Posted 11/09/2011  3:17 pm  Show Profile   Bookmark this reply Add John1 to your friends list Get a Link to this Reply
I have been collecting since 1971 and in my experience it has always been more older then younger collectors. Although,there seems to be a lot of new members here that are YN's so maybe our hobby will continue.
John1
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Saruma's Avatar
United States
968 Posts
 Posted 11/09/2011  4:45 pm  Show Profile   Bookmark this reply Add Saruma to your friends list Get a Link to this Reply
I got interested in the hobby as a kid in the late 80s. When it was time to go to college I boxed up my collection and put it in storage at my parent's house. In just the last couple years my interest in coin collecting has renewed. Interestingly enough, when I went to a local coin shop the other day I was talking to the owner about how I was getting back into the hobby. He said it is a pretty normal pattern for people to get started as kids, lose interest in their 20s and early 30s then regain interest in their late 30s (pretty much exactly what happened with me).

If this pattern really is somewhat common that could explain the apparent drop off in interest you see. My guess is that as a kid people are happy with any old coins even if they are in low grades, plus your parents are probably funding most of your collection. Then when you go off on your own you don't have much money but at the same time you have become more sophisticated in your tastes and would prefer higher grade coins. For many people it isn't until their 40s or later that they can start to afford collecting coins in the higher grades they want.
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DVCollector's Avatar
United States
10045 Posts
 Posted 11/09/2011  4:49 pm  Show Profile   Bookmark this reply Add DVCollector to your friends list Get a Link to this Reply
The last big show I went to...in Portland..I saw a lot of YN's; it was encouraging.
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silversam's Avatar
United States
58 Posts
 Posted 11/09/2011  5:07 pm  Show Profile   Bookmark this reply Add silversam to your friends list Get a Link to this Reply

Quote:
He said it is a pretty normal pattern for people to get started as kids, lose interest in their 20s and early 30s then regain interest in their late 30s (pretty much exactly what happened with me).


That makes a lot of since happened to me also I stopped around 14 now I'm back in.


Quote:
The last big show I went to...in Portland..I saw a lot of YN's; it was encouraging.


Great!
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jbuck's Avatar
United States
188213 Posts
 Posted 11/09/2011  5:49 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
The last big show I went to...in Portland..I saw a lot of YN's; it was encouraging.
There are always a lot of kids and younger people at the coin shows I attend, so I (personally) find it difficult to believe that the hobby is on the decline. If anything, the local shows are more active now than they were ten years ago. But this is just my personal experience, your mileage may vary.

Quote:
I think with the internet the numbers get skewed. If you are going to shows you're going to see an older group of collectors because that's what they know. The younger collectors while they may go to shows every now and then do a lot more purchasing online.
This is completely plausible.
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afclassic87's Avatar
United States
564 Posts
 Posted 11/09/2011  6:59 pm  Show Profile   Bookmark this reply Add afclassic87 to your friends list Get a Link to this Reply
I think it's our reuirement as coin collectors to spark interest in the hobby. I think the key to keep this hobby going is for us collectors to show how cool and exciting coins are. When ever someone shows interest in coin collecting I give them some coins to keep that spark alive. I'm 24 and been collecting since I was 10. I never have gone to a coin show and I almost never go to a coin store. I buy coins online, that way I don't have to deal with dealers attitude.
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RealPeso's Avatar
United States
426 Posts
 Posted 11/09/2011  8:00 pm  Show Profile   Bookmark this reply Add RealPeso to your friends list Get a Link to this Reply
Yeah, I haven't seen too many younger collectors and the ones (20 & 30 yr old's)that do come around once in a while to the shows are "investors" not really into collecting.
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ccw2805's Avatar
United States
78 Posts
 Posted 11/09/2011  9:10 pm  Show Profile   Bookmark this reply Add ccw2805 to your friends list Get a Link to this Reply
I'm 22 and I just recently got into coins. I like the idea of collecting coins that are old and I do a little bit of investing as well. However I can't ever get over not starting younger with all the silver and collectable change that passed through my hand into vending machines and at the school cafeteria.
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vermontensium's Avatar
United States
16679 Posts
 Posted 11/09/2011  9:24 pm  Show Profile   Check vermontensium's eBay Listings Check vermontensium's eCrater Listings Bookmark this reply Add vermontensium to your friends list Get a Link to this Reply
It's always nice to see younger people collecting coins. I work with people my age (40+) that would rather buy $300 earphones for their ipads and $150 pairs of shoes.
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