Are The Old Walkers Really Disappearing?

Hi Stephen420

Old Walkers don't disappear they just change hands. When they start getting hard to find the price goes up and then some of the people who have them sell them off. This is an ever continuing cycle. The cog in the wheel is the people who sell them off because they need the money and dump them cheap. If you find one of these you just hit pay dirt.

The sellers on ebay are hyping their coins. I have seen them try and convince the buying public that a 1958-D cent is a rare item. Don't belive such descriptions.

catman

In Hiding Crystalk64. I forgot about those..!

catman

It's best not to think of the population dropping everytime a coin is sold. There's always both a buyer and a seller and the coin always moves to stronger hands and usually to the highest buyer. Populations do decrease about 1% per year because of fires and floods and other ravages of time. When the number of collectors who desire a coin increases it does seem as though the population decreases but in actuality it's only the available stock of coins to buy that is decreasing. The coins changing hands will usually be better protected and more likely to be back on the market in the future. When available supplies get tight enough the unsatisfied demand will push the price higher and more coins will become available.

Don't buy coins because they're "in demand" unless you want to speculate. It is never possible to accurately predict the tastes of collectors and buying coins "in demand" is often the best way to lose money since everyone is already in the market.

If you like the early walkers or if you believe they will go up and are willing to take the risk then they can be a good buy. Otherwise stick to your collections.