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Replies: 15 / Views: 1,733 |
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New Member
Canada
29 Posts |
Not really asking as to investment related but more to do with the interest of newer generations.I'm a youthful approaching 50's and I've loved coins and stamps since a very young age but really haven't done much collecting lately.To touch the past is fascinating to me so I'm always looking on ebay and other sites perusing interesting ancient things and I'm always tempted to buy.Was watching Antiques Roadshow the other night and it was an update show that showed price value changes from 2001 to 2016 and many things have really dropped in value.Was just wondering how the Coin World is doing.
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Pillar of the Community
Canada
1118 Posts |
A lot of what went down in prices on the vintage Antique Roadshow were furniture pieces. They are big and bulky and are not easy to take with you in a move. Coins do not have that problem. Had they had a lot of barber memorabilia or the "rusteration mantiques" that are all the rage right now on Monday's show the prices would have sky rocketed.
As for coins what I see as a man in his early 20s is a paycheque. People my age will find a nickel dollar or a King George nickel in their change and all they see is dollar signs. With out collectors who will buy this stuff? A bunch of 20 somethings selling it to other "investors" for a slight premium until they have an inflated price and no one who actually wants it to own as a collectible.
It will all burst in 20 odd years. They say the smart money is in paper currency and British India stuff. Sadly my crystal ball has been wrong before.
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Bedrock of the Community
United States
17884 Posts |
As with all collectibles, prices will go up or down depending on what happens to be popular at the moment and/or hype for various things or series. Coins have a 2000 year history of being collected so I doubt that will stop, but there is no guarantee that prices will rise and even keep place with inflation. If you collected during the 50's and 60's you saw prices pretty much stay flat for twenty to thirty years. In the 80's prices went crazy, in the nineties they fell and many still aren't back up to the 80's levels. Collect because you enjoy it. If you make money that's great, if you don't you still had years of enjoyment from your collection. (By the way, just because you are able to sell something and get back more dollars than you spent on it, that doesn't mean you actually made money. When time value of money is figured in a lot of "profits" evaporate. Oh and don't forget the 28% capital gains tax you owe the government on any dollar amount increase between what you paid and what you sell it for.)
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Moderator
 United States
188213 Posts |
In my opinion, coins are a terrible investment. I collect coins because I like them and have no intention of ever selling them. I treat the money spent as a 100% loss since I have a sentimental attachment to my coins.  As for investments, I have accounts for that. I have money in things that I have never seen and I do not have any sentimental attachments to them. 
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Pillar of the Community
United States
6130 Posts |
Classic, highly collectible coins generally hold their value against inflation. Except for certain spikes, it would take the same number of hours of average pay to buy a 1909-S VDB cent now as it did 25 years ago. Some coins shoot forward. Chinese silver is a prime example. It was apparently considered uncollectible junk a few decades ago, but now many of the coins fetch hundreds or thousands of dollars. Likewise, some mint sets will skyrocket if a certain event puts an otherwise obscure country in the spotlight. Modern coins follow a boom-burst pattern. The March of Dimes set last year went from an issue price of $60 to an ebay price of up to $500, then crashed back to about $90. Some people made bank, and others got burned. I hate to say it, but when the good Queen Elizabeth II kicks the bucket, there will be a CRAZE to assemble "classic" coins with her mug. 1950s/60s former colonies in particular, I bet.
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New Member
 Canada
29 Posts |
Yes it seems antique furniture isn't doing so great...probably because of urbanization and younger people moving into 800 sq ft condos.They may buy one or two small "Mid Century Modern" pieces but not the larger pieces.Coins are small though.If a Game of Thrones character was a big coin collector we probably would have seen renewed interest sometimes that's all it takes .
Edited by peter_stride 07/13/2016 12:09 pm
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New Member
United States
5 Posts |
At the same time, I could easily coins generally trending upward over time, especially older silver and gold coins. I don't view it so much as something that is an investment, but rather something where if I don't start acquiring some of the pieces I want sooner in my life (late 20s atm), they're going to be unreasonable to attain by the time I'm 40, let alone older.
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Pillar of the Community
Norway
1358 Posts |
I'm not so sure what 'antiques' (or old furniture) has to do with coin collecting, as these are two different things in my opinion.
The only way to get 'collecting value' in coins is if there will be enough numismatist in the future to keep the hobby alive. Preferably a next generation with relatively deep pockets.
The only 'absolute' value in collecting coins would be in the metal itself.
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Bedrock of the Community
United States
20753 Posts |
I've mentioned this before. The next time you watch that show, listen carefully. Note how they say STUFF like "At a good watch auction" or "At a specific knife auction" or At a decent Painting Auction", this COULD sell for about XXXX. Or "I've had a similar one at my store and it went for XXXX" If you listen carefully, you would notice how they sort of protect themselves from over stating. There have been many people contacting them saying things like I couldn't get a fraction of what you said. Naturally they can always say we only sorts of guess. And yes prices on stuff at those shows goes up and down just like anything that does not have a set value. Coins are like that. No manufacturing possible price tag. If there was you would see a 1916D Mercury dime with a tag connected saying $XXXX or something like that. Just remember as long as there are collectors of coins out there, the prices of coins will basically only go up, up, up, etc. However, if the Mints continue to flood the market with STUFF, we could loose a lot of potentially new collectors.
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Pillar of the Community
United States
513 Posts |
macro--yeppers
micro--depends on the time period selected. {furtive glances both ways} Which way do you *want* the price trend to indicate?
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New Member
 Canada
29 Posts |
The furniture thing is just an example of changing tastes within the newer generations...Grandfather clocks...Sailing ship paintings may be dropping in value but vintage wristwatches are still cool.Just musings on the popularity of the coin collecting hobby. The internet has changed everything of course as it's easier to surf the net than to visit dealers in various cities when things were actually "rare".
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Pillar of the Community
Norway
1358 Posts |
Quote: The furniture thing is just an example of changing tastes within the newer generations...Grandfather clocks...Sailing ship paintings may be dropping in value but vintage wristwatches are still cool. Actually, my wife really likes this classic and old-fashioned furniture, where my taste is much more modern. As a result, we usually end up with compromises. Our household basically looks like 'What if Louis XVI and Marie Antoinette lived on a space ship?'
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Pillar of the Community
United Kingdom
2133 Posts |
I wonder if all the posts about furniture, paintings, watches are getting off the point. It's very difficult to measure return on investment except in monetary terms. Generally, I think the prices of coins haven't kept pace with inflation, EXCEPT where demand has soared. There are many more collectors of US coins than there were when I was in my 20s, prices have gone up immensely. There are more collectors in the emerging economy countries, eg China and India and prices have gone up in real terms. Prices have dropped in real terms of many common medieval and ancient coins due to the number of finds made by metal detectorists, mainly in Europe (including the UK). However, if you consider return on investment in intangibles, pleasure, socialising, education, knowledge, wisdom, health, etc then it might be very high, as it is for me. My increasing knowledge about coins not only gave me pleasure but counteracted the dismal experience I had of school. I've met many interesting and some influential people through numismatics, I gained the confidence to study history at University even though I dropped it at high school, I used numismatics in my thesis and now I write about history. There's also the chance, as happens occasionally for me, that your knowledge of a particular series enables you to buy a coin at a fraction of its value.
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Pillar of the Community
United States
6130 Posts |
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Moderator
 United States
188213 Posts |
A good example, Finn. 
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New Member
United States
7 Posts |
I think it all depends on those in the hobby to behave as ambassadors. Treat others with kindness, teach, and continue to learn yourself. If you are nervous about the coin hobby, at least collect PM containing coins, silver and gold, which will have some value no matter what happens with the hobby.
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Replies: 15 / Views: 1,733 |
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