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What % Of The World's Population Do You Think Collect Coins?

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Pillar of the Community
Finn235's Avatar
United States
6130 Posts
 Posted 12/08/2015  12:01 pm  Show Profile   Bookmark this reply Add Finn235 to your friends list Get a Link to this Reply
I think it would be a lot easier to lump people into "developed" and "developing" countries or regions of the world before talking about statistics.

I have only ever met a few people who would shrug off and spend a Wheat cent they noticed in their change. Almost everybody I have ever asked has a jar with a few wheat cents, maybe some State Quarters, and a couple foreign coins that were souvenirs from a trip abroad. For the US, I suspect I would be lowballing when I say 50-75% have at least one coin that they would not spend. I suspect that number would be similar for Canada, Europe, and Australia/NZ.

In China, old cash coins are believed to bring good luck and fortune, especially those of Kangxi and Qianlong. I would not be surprised if at least 30-50% of the Chinese population has at least one such coin tucked away somewhere.

I had one close Indian friend in college, and her family was not necessarily avid, but had a fair knowledge of British colonial issues, and did passively collect anything that came their way.

As far as Africa, the Middle East, and South America, I would suspect the 0.05% would be much closer--these countries generally have not churned out a numismatically significant coin since at least the 1940s, and are heavily stricken with poverty. I suspect that money there is spent and not kept, especially when saving could mean losing the value to inflation.
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Enlil's Avatar
Australia
560 Posts
 Posted 12/09/2015  5:20 pm  Show Profile   Bookmark this reply Add Enlil to your friends list Get a Link to this Reply
Almost 7 billion, but most just spend it again. But an interesting read is this paper by Donald Owen Case.
https://www.researchgate.net/public...n_Particular
Edited by Enlil
12/09/2015 6:00 pm
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