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 Replies: 25 / Views: 3,607 |
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Pillar of the Community
 United States
3540 Posts |
I am not speaking of "internet" coins. There is an auction that started on Thursday....and this is reported by more than one source, that were there....in person.
Yes, there are "wonder" coins, that even a person with more than modest means, could not afford.
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Moderator
 United States
188770 Posts |
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I never left ....  |
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Valued Member
United States
194 Posts |
Collectors will Never leave the coin market. But they will buy coins less often if the prices get too high to keep buying. Now with some coins going down in value it is a great time to pick up some of those key dates !!
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Pillar of the Community
Canada
3049 Posts |
I have to disagree with you GoldenIsles... collectors do leave the market.. unfortunately people die. And this hobby has a very large following by some people that are a lot older than myself.
At my local coin club meeting I don't think there was anyone under the age of 40 with the exception of myself and the mean age of the group would've been closer to 65-68 yrs old.
I love how governement mints to commemorative pieces... as I believe that draws in people to coin collecting that wouldn't normally find interest. But I think if you were to look at the statistics of population based on age for coin collecting.. the graph would probably look like a diagram of a comet (but going up) with the long tail of the comet being collectors in their early years that majority of collectors being quite a bit older...
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Moderator
Canada
10458 Posts |
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Hoarders, stackers, flippers ..... are not collectors.  , however, if you say that in the Canadian NCLT forum, all heck breaks loose...  "Discovery follows discovery, each both raising and answering questions, each ending a long search, and each providing the new instruments for a new search." -- J. Robert OppenheimerContent of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_USMy eBay store
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Valued Member
United States
156 Posts |
I wonder, do more people get into this hobby as they get older, or are the numbers of collectors going to shrink because not as many young people are getting into the hobby? I wonder.
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Pillar of the Community
United States
807 Posts |
All the old coin collectors I know started collecting in their youth.
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Pillar of the Community
United States
1314 Posts |
I never left the market, nor do I intend to. I buy and sell frequently. Some would say because I sell, I am not a true collector. Yet, I'll buy an MS to upgrade, and sell mu AU. I've upgraded some slots from MS 63, to MS 66, one step at a time. It could be equally argued that if you don't upgrade, you aren't a true collector. There is a philosophy for everyone.
When prices go up or down 20%, I am not fully affected by the change, only by 20% of the differential in the upgrade.
I am certainly not a dealer, as I generally show a loss after expenses. And if I considered time spent, I'd be better off walking the highway for aluminum cans.
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Valued Member
74 Posts |
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however, if you say that in the Canadian NCLT forum, all heck breaks loose... Which is ironic as Canadians in general are more reserved and friendlier than us Americans... |
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Pillar of the Community
Canada
3692 Posts |
That means that more dealers may go out of business OR prices will stay the same. I don't think that dealers would just lower the price of all of their stock just because a collector says a book says so. Why take a hit like that? Everyone has a bottom line and it's the collectors who have the responsibility to pay the price - too much haggling is not good. A little bit of competition is okay but not to the point that an already dying business goes kaput over it. Good for collectors in the short term but how many dealers will put up with it before they close shop?
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Replies: 25 / Views: 3,607 |
First Page
Posted 04/25/2015 11:26 pm
