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 Replies: 11 / Views: 2,104 |
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Valued Member
Canada
386 Posts |
What will the future hold for the next generation of coin collectors ?
The Canadian government will have succeeded shortly in limiting coin collecting to finding only post-2000 coins
in circulation and having to buy everything else from dealers or other collectors.
The penny will disappear completely and join the ranks of large 1 cent and 5 cent silver coins shortly. All other coins are being withdrawn at a feverish pace to recover their nickel content and replaced with nickel plated steel cores.
Gone will be the days when beginning collectors (i.e. children) would be introduced to coin collecting by filling an album with coins purely found in circulation Edited by 1945V
08/19/2012 07:46 am
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Valued Member
Canada
220 Posts |
I'm sure that exactly the same thoughts were going through the minds of collectors in the late '60's, when silver coinage came to an end and the mint pulled as much as possible out of circulation. As we can see in hindsight, collecting has remained alive and well in the 50+ years since, so I think the hobby will be just fine going into the future. Should the government decide to go to a purely digital currency, however, things may be different...
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Pillar of the Community
Canada
3692 Posts |
This is where the crappy monthly quarters come into play. The good thing about these is they have /almost/ no varieties which teach people to save the best grade possible. What do you all think about the MintChip? I hate to give it free advertising but I think it will restrict commerce and information to the rich, not to mention no more circulating coinage.
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Pillar of the Community
Canada
2781 Posts |
mintchip + alloy recovery = death of physical currency (coinage)
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Previously Banned Member
66 Posts |
People will collect coins no matter what they are to much a HUGE part of our heritage/history. OK some will not but hey some will. Like art it is there but I don't collect it...some people will always need a hobby to keep them sane in a crazy world. You are born with the gene to collect things...I have been like this since I am 5 years old.
Most nations will still have money in circulation so it will still be on peoples minds. OK a few countries may stop but hey there are so many nations out there to remind people of hard currency.
Edited by 1921
08/19/2012 2:01 pm
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Pillar of the Community
United States
1391 Posts |
Thanks to inflation the Loonie will be the new "penny" (cheap starter coin for kids) in not very long.
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Valued Member
Canada
111 Posts |
It is still possible to collect coins today because we have money available. Tomorrow ?
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Pillar of the Community
United Kingdom
2133 Posts |
The historic coins will still be there even when all countries have given up using coins.
However, I don't think that will be for a long time yet - at least 100 years.
However, collecting habits change, when I was a lad, matchbox and beer bottle labels, cigarette cards were all the rage and much more popular than coins.
Coins will still be collected for 1,000s of years just as they have been for the last 2,000 years.
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Pillar of the Community
Canada
1554 Posts |
 I suspect the future of coin collecting will be "Virtual Coins". You can buy them on E-bay, via cell phone, download the Aps, etc. There won't be any real hard asset coinage, just coins that will be sent to future Generations of Collectors through e-mails and twitter accounts. This will be real neat, you'll never have to worry about your coins corroding, pitting, cleaning 'em, being stolen, & insuring 'em. Transporting 'em will be a breeze, all you have to do is download them onto a disc or a U.S.B. and if you loose 'em, your backed up files of your coins are always available on your hard drive. You can make duplicates of your coins and send them to your Facebook friends even if they don't collect coins! WOW, won't coin collecting be soo much fun in the future, bet ya just can't wait, EH? Glenn  Edited by glenzy1
08/19/2012 7:37 pm
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Pillar of the Community
Canada
632 Posts |
Last Saturday I was at the coin store. While looking at a few goodies, a lady came in with 3 kids, one, his son and 2 neighbors. No one older than 10 (but the lady ...) . After almost one hour, each boy spent about 10-12 bucks in coins selected from the large bargain box, and got a few free coins from Frank.
About an hour later, a father and his son and daughter - early teens. Both had a want list and the girl was checking coins by grade.
... Oh, and before I forget, also visiting the store, a BLIND gentleman, who recognizes coins by touch.
Frank, the owner, hires a young teen to grade and recognize varieties (the kid discovered a new nickel dollar variety that will be in the next Charlton).
Numismatics in Canada has a great future.
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Pillar of the Community
Canada
3692 Posts |
A blind man? Wow, that's so cool. But I'll bet he has no use for mint-state or proof coins - his collection must be very satisfying - to the touch!
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Valued Member
Canada
220 Posts |
That's really heartening news, t_y. Sounds like kids are still being brought into the hobby in much the same way that I was (my grandfather took me to my first coin shop when I was a pre-teen youngster, and I was hooked for life...).
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Replies: 11 / Views: 2,104 |
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Posted 08/19/2012 10:07 am
