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Posted 01/14/2008 09:24 am
Presently I worry about our government ruining this hobby like they did with stamps. The massive amount of stupid stamps distroyed that hobby for everyone. Now they are starting that with coins. It makes them a lot of money in the short run but will stop people from collecting in the future when they see way, way to many coins to collect. For now the only advantage is what you collect today you can still deposit in a bank tomorrow and only loose the possible interest you would have if that money was there in the first place.
As noted the sporting card craze ended due to the massive production of those cards by everyone. My kid too had boxes and boxes of them. He used to get them in 5,000 card boxes for $5. That really distroyed that hobby. Then we all remember Beanie Babies. Now selling for about $1 or $2 each. Same thing. Market flooded. Hot Wheel cars were selling for a lot not long ago but the market got flooded with to many so that ended.
Our government is in the process of tons of commemoratives, State Quarters and now numerous baby dollars no one wants. At this rate there soon will be less and less interest for new collectors seeing way to many to even start or try to start collecting. Another great hobby distroyed. However, there is always the bank to get rid of them.
Remember the Bicentennial Quarters. My freind had thousands and I had hundreds. No one wants them so they all went to the bank. At a coin show one dealer commically said I'll give you $0.24 each for them.
As noted the sporting card craze ended due to the massive production of those cards by everyone. My kid too had boxes and boxes of them. He used to get them in 5,000 card boxes for $5. That really distroyed that hobby. Then we all remember Beanie Babies. Now selling for about $1 or $2 each. Same thing. Market flooded. Hot Wheel cars were selling for a lot not long ago but the market got flooded with to many so that ended.
Our government is in the process of tons of commemoratives, State Quarters and now numerous baby dollars no one wants. At this rate there soon will be less and less interest for new collectors seeing way to many to even start or try to start collecting. Another great hobby distroyed. However, there is always the bank to get rid of them.
Remember the Bicentennial Quarters. My freind had thousands and I had hundreds. No one wants them so they all went to the bank. At a coin show one dealer commically said I'll give you $0.24 each for them.
