What's With Bust Halves... - Page 2

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Author	Replies: 20 / Views: 2,347	Page: of 2

just carl Bedrock of the Community United States 20753 Posts	Posted 07/09/2007 08:34 am You've got to remember that due to the Mint's issuing of so many coins for collctors, the amount of coin collectors has increased dramatically. With the constant growing population in the US, that also means more coin collectors. Now with approximately 300,000,000 people in the US alone and even if only 10% collected coins, that's a lot of coin collectors. With coins such as Bust Halves having mintages in the thousands or low millions, that means many, many collectors will never find any for anywhere near a decent price. The amount of coin shows, coin stores, books on coins, etc are constantly increasing making almost all coins worth much, much more. Many coins have increased in prices at an amazing rate due to all this so Bust Halves are just one of the coins now drawing attention as a great investment. When I was a kid there was only the Red Book. Now at coin shows I see countless coin books, magazines, pamphlets, etc on coins. Even TV shows selling them. Report this Post to the Staff
Amazon99 Pillar of the Community United States 2443 Posts	Posted 07/09/2007 2:34 pm One the Home Shopping Network last night, one of the guys said that their are 200,000,000 collectors in the USA. Report this Post to the Staff
Vaslin Pillar of the Community United States 914 Posts	Posted 07/09/2007 3:01 pm I guess I can consider my wife a 'coin collector' since she has a jar that she puts her loose change in! Report this Post to the Staff
hunter20ga Pillar of the Community United States 1173 Posts	Posted 07/09/2007 3:06 pm Depends on one's definition of "collector." I would not be surprised to learn that 200,000,000 people have at least one coin set aside, thinking they'll be rich one day. Almost everybody has one or more State Quarters, for example. I wouldn't call these people "collectors" in the truest sense of the word, since they, for the most part, are incredibly naive about coins and what makes coins valuable. I spent lunch hour at the coin shop that I frequent. The owner was talking about an antiques and collectibles auction held in Mandan over the weekend. Apparently common date silver dollars were selling for $200+. Absolutely crazy...but those buyers would be called "collectors" by HSN and others. Another fellow came in while I was at the shop and wanted to sell his "valuable" quarters...some common silver Washingtons and a couple of AG Barbers. He was offered wholesale silver prices, but decided to "hang on" until the value goes higher. He was talking "collectors' value" not spot silver! He really seemed put out that he wasn't offered a couple of hundred dollars, and he was not listening to the owner's explanation of what makes some coins very valuable, and why others have no value other than bullion price. Oh, well... Report this Post to the Staff
just carl Bedrock of the Community United States 20753 Posts	Posted 07/09/2007 8:03 pm One the Home Shopping Network last night, one of the guys said that their are 200,000,000 collectors in the USA. I too think this is slight exageration made to boost sails. As noted just because someone puts a bunch of those State Quarters in a folder that looks like the USA does not a coin collector make. However, that is a start. Probably about 50,000,000 are hooked on that type of stuff. Another 50,000,000 are truely collectors. Then ther are the ones that have that jar, can, box, etc of coins stashed away until they are worth millions. And don't forget the people in other countries that collect our coins. No wonder China is making some of our coins. Report this Post to the Staff
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