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 Replies: 33 / Views: 6,328 |
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Pillar of the Community
United States
1450 Posts |
Coin collectors and coin investors live in different worlds. The investors want rare coins in the best condition available. Collectors just want the coins they like in the condition they can afford just because they see beauty in them.
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Pillar of the Community
United States
3843 Posts |
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Bedrock of the Community
Australia
21788 Posts |
It may be a good idea, rather than a professional with a vested interest in the rare coin market,
but a distillation of what WE thought the coin market may be doing in 2017.
As has already been said, the vast bulk of coin collectors are not into extremely valuable coins, but what they actually own, or what is within their budget. Perhaps WE of the CCF could be able to express our OWN ideas, and an average of these taken.
After all, the numismatic professionals are dependent on US !
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Pillar of the Community
United States
790 Posts |
I actually thought that thread was pretty civil. People disagreed, strongly at times, but I didn't see any real name calling or hair pulling. Maybe those posts got deleted before I saw them. Ah well.
The distinction between coin investors and collectors was interesting, but I think even collectors would probably hope that in the end, their collection is worth more than what they paid for it.
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Rest in Peace
United States
17900 Posts |
When I was a kid in the 60's using my paper route money for my coin collection I stopped at the one and only coin and stamp store at least 2-3 times a week. I still remember the "old guys" talking about the end of coin collecting because there were no new young collectors. When we dropped silver from our coinage in 1964, I still remember reading the articles about the end of coin collecting. When comic and card collecting took off in the 70's it was the end of coin collecting because all the kids were abandoning coins. When TPG's started I remember that they would soon run out of coins to grade and then there would only be investors, not collectors, left to buy coins. As the 1989 super depression for coins hit, it was the same thing, only this time it was a sure end to any investor ever buying coins again. For the last 20 years we've heard that since coins were no longer used and plastic had taken over coin collecting was certainly doomed. And what I've wondered through each and every one of those times was when coins were finally going to fall so I could buy more. I'm still waiting... |
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New Member
United States
13 Posts |
*** Edited by Staff - Try again without the racist remarks. ***
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Pillar of the Community
United States
790 Posts |
LOL, Mocking! Good point. But while I too would love to get my hands on great coins for cheap, I'm pretty sure I'm not alone in hoping the coins I already have spent money on don't lose their value. Plus if the hobby dies off, who will share our joy on sites like this when we come across a new treasure? Nothing more frustrating than trying to share my excitement about that gorgeous PL Morgan I just picked up for a good price with my best friend, only to watch her eyes glaze over while she changes the subject back to "more interesting" things.
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Pillar of the Community
United States
666 Posts |
Quote:
It may be a good idea, rather than a professional with a vested interest in the rare coin market,
but a distillation of what WE thought the coin market may be doing in 2017.
As has already been said, the vast bulk of coin collectors are not into extremely valuable coins, but what they actually own, or what is within their budget. Perhaps WE of the CCF could be able to express our OWN ideas, and an average of these taken.
After all, the numismatic professionals are dependent on US ! I like your idea sel_69l. I would be happy to work with you (and any other interested members) on creating a survey (poll) in this regard. ~ Mark |
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Pillar of the Community
United States
666 Posts |
Quote:
And what I've wondered through each and every one of those times was when coins were finally going to fall so I could buy more.
I'm still waiting... I love it Moxking! Superb perspective and great example of a smart, 'Buy low, sell high' strategy. |
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Valued Member
United States
408 Posts |
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I went to a coin show last month and was really impressed by diversity of people I saw there as dealers and customers. However, I will not for a minute think that is the norm, although it is promising! I don't believe you.  Is there a reason why you could not list the location in your post? Is it top secret? Does the CCF community not have a high enough security clearance to know the location of this mystical paradise which exists in your fantasies?  |
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Bedrock of the Community
 United States
12477 Posts |
joeysanders, I really don't understand your post. You seem to be attacking scopru for no viable reason. He doesn't have to tell you where the show was to justify your ideas.
As far as the hobby, you cannot force it on people. It's more like "the hobby finds you." If someone were to get into coins "only" because an Obama coin was minted then it may not be the right reason. I'm very interested in coins from all over the world and no one gave me an incentive to be that way.
There is no "technically" in this, but I'm what most would consider a Millennial, although I disagree. And, I don't have to prove it. Women, children and men will be attracted to that which interests them.
Again, the hobby finds you!
In Memory of Crazyb0 12-26-1951 to 7-27-2020
In Memory of Tootallious 3-31-1964 to 4-15-2020
In Memory of T-BOP 10-12-1949 to 1-19-2024
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Bedrock of the Community
Australia
21788 Posts |
@dd27:
I do not think any more needs to be done, other than starting a new thread which asks us to express our opinions about where we think the market is going for the average collector, rather than the top end investor.
I will give you the privilege of starting that thread, the time you choose, and the design of the question.
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Pillar of the Community
Australia
7096 Posts |
Many young people are blissfully unaware that not that long ago Silver coins were just normal pocket change and nobody thought it was that special at the time. Show them some Silver coins now from that era and they tend to listen to you whilst they are handling the coins you have just shown them, Of course you use your old coins from your melt/Junk bucket for this. Everyone just loves the feel of a chunk of Stirling or 90% Silver in their hands and this can be the seed to grow a new collector This is just one way to get some peoples interest going in coins and there are many others. I personally don't think the hobby is Dying at all and as us Old Farts slowly fall off the perch the new collectors are taking up the void we leave behind and as the use of cards and other electronic means increases the interest in coins should increase because of their novelty factor. The values for coins will go up and down all the time and when the values are down it is actually a Good thing for the hobby as the newer collectors can then afford to buy those "Special" coins. If we can each get one new collector involved in the hobby then at least we can maintain the status quo But IF you can get other new blood into the hobby then all the better  |
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Valued Member
United States
408 Posts |
Spruett: Quote:
It's more like "the hobby finds you."
Hobbies don't find anyone. People have to be exposed to it. Read some posts from people on this site as to how they first got into coin collecting for further clarification. Quote:
There is no "technically" in this, but I'm what most would consider a Millennial, although I disagree. And, I don't have to prove it. Coin collecting is, primarily, the hobby of the educated. I guarantee you that many regular commentators on this site have college degrees. You can tell from the way they write. When you enter into the world of the educated, facts matter. This is not some local bar where people talk loudly and can bully their points and opinions onto people. You should be ashamed of yourself when you say you don't have to prove anything. Wrong. If you want to be taken seriously with this crowd, come with facts or your opinions will not be taken seriously or will be, entirely, disregarded. Quote:
If someone were to get into coins "only" because an Obama coin was minted then it may not be the right reason. My original post on this thread was about getting different races and women involved in coin collecting. It will be better for the hobby in the future. Initially, someone may have interest in that coin only, but, who knows, it may lead to something more. Maybe that same person will start researching other coins and become a regular buyer of coins as well. That individual may want to know about other coins which have an African American theme. Upon researching coins, that person stumbles across the Booker T Washington commemorative half dollar. It is the first coin that, not only had an African American theme, but was designed by an African American artist. If African Americans ever got into coin collecting at a much higher rate, that coin would skyrocket in price. As of right now, it is a severely undervalued coin based on its mintage. I own about 175 Booker T's. Many of them are graded MS 64 or better. It's too bad that you don't want to get other kinds of people involved in the hobby. I guess you don't care about the future of coin collecting. How unfortunate. |
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Pillar of the Community
Australia
7096 Posts |
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My original post on this thread was about getting different races and women involved in coin collecting. Coin collecting is one of the hobbies/pastimes were colour, Creed, Religion, Gender or age is NOT relevant and is absolutely NO barrier at all. ANYONE can become a coin collector and you certainly don't have to be a Millionaire to become one either. I am absolutely certain that the CCF membership has a huge cross section from society in many different countries and are definitely NOT just a bunch of older white males. I would think that the people that are seen at coin shows is Not truly representative of the hobby as many collectors including myself don't attend them and the membership here would probably be a more accurate cross section of the collecting community. Thinking that just because someone is Black they would just have to have a Booker t Washington in their collection is a bit strange because ALL collectors have different "Tastes" regardless of their ethnicity. |
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Replies: 33 / Views: 6,328 |
First Page
Posted 12/30/2016 09:03 am
