Classic Coins Losing Moxey?

Whoopee! I'm average!

After spending quite abit of time on this forum the past few months, I'm amazed at how many people once they inherit a collection feel the need to nurture and grow the collection once their loved ones are gone. I think it helps them to connect with their loved ones even after they are gone. More often then not they come here more interested & drawn into the hobby instead of looking for advice to hawk off their legacies.

Classics are basically all I collect (and ultra Classics..Colonials).

YN's start out with moderns but will end up here eventually (or just quit all together..lose interest).

Seen this for the 30 years I've collected. That's why it's important to keep the fire burning ;-)

Potential conclusions to take away from this above FACT in the previous post:

1) Assuming one agrees with the last paragraph of the previous post the overall market 20 years from now could conceivably drive down the resale pricing on the same or more quantity of collectable coins as a result of the attrition-based diminishing coin collector population:

a. baby boomer population 1946 to 1964: 76 million
b. generation X 1965 to 1980: 41 million

2) Coin hoarders will always exist, however, no matter what the size of their population is but the % of them categorized as hoarders should stay relatively the same irrespective of what the actual number of collectors is.

Even though these types of very scarce classic coins would typically increase in value over time, even the hoarders will eventually sell their prized stock as they meet the advanced age realm.

So it would be an incorrect deduction to state that more of the highly collectible coins will be off the market and unable to find causing an elevation in prices; the contingent % argument previous alluded to stays in effect no matter what the collector population is.

3) Not to hijack the thread but this final conclusion should be a means to the betterment of one's personal coin collection w/r/t ROI:

Strive to always remain until the very last auction item is placed on the block since many of the better deals are realized at the end emanating from notably fewer numbers of bidders attending.

Keep the best and leave the rest,

IMHO,
mdpmedia