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Coin Collectors - Where Are They?

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Zohar444's Avatar
United States
1429 Posts
 Posted 02/10/2009  6:56 pm Show Profile   Bookmark this topic Add Zohar444 to your friends list Get a Link to this Message Number of Subscribers
I hear about the growth in absolute terms of coin collectors. I am 38 years old, living in NYC, and have not run across a single collector.

At the recent coin show in the city most collectors were 50+ years old. In conversation with business colleagues/friends, I get an "interesting" comment regarding collecting coins, and it seems to me that most focus on the "now" rather than on something of the past.

I am told that there are many collectors, I have yet to run across them. Does anyone know where do collectors hide and whether there is a future to this hobby?


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ratman4762's Avatar
United States
2520 Posts
 Posted 02/10/2009  7:02 pm  Show Profile   Bookmark this reply Add ratman4762 to your friends list Get a Link to this Reply
I'm hiding right here! Lot of collectors including myself don't broadcast the fact that I collect (for security reasons). I'm very selective of the people that I know personally whom I choose to let know of my collecting passion. Shows are another story.
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John1's Avatar
United States
56855 Posts
 Posted 02/10/2009  7:26 pm  Show Profile   Bookmark this reply Add John1 to your friends list Get a Link to this Reply
Let me toss in my Two Cents ,i think when you here that the number of coin collectors has increased by tens of thousands or more they are referring to people that are so called "collecting" the State Quarters,i don't consider most of these people as a "collector",my brother-in-law and one of my sisters are these new coin collector,they pick out quarters from there pocket change and "jam" them into one of those folders using there thumb or banging it in with a hammer with no regard to mint mark or condition.As far as running in to another collector,we are sometime afraid to let just anyone know about our hobby in fear of being robbed of our precious coins.Future of our noble hobby,well bring a youngster in to our hobby,i got my nephew interested in it,if we all got just one or to "newbies" in to it, our hobby would flourish.
John1
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m9frank's Avatar
United States
628 Posts
 Posted 02/10/2009  7:26 pm  Show Profile   Bookmark this reply Add m9frank to your friends list Get a Link to this Reply
I joined a local coin collectors club about a year ago. It's great. Have you looked for a coin collectors club in your NYC neighborhood? You might be surprised.
The coin virus affects all races, ages, genders, religions, etc, as far as I can tell. I think it's great. I have a blast. Most members I know don't even wear a disguise to the meetings!






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Hollywood's Avatar
United States
1228 Posts
 Posted 02/10/2009  7:50 pm  Show Profile   Bookmark this reply Add Hollywood to your friends list Get a Link to this Reply

Quote:
future to this hobby?
I have found out from more experienced collectors that time will only tell if your coins will be valueable but it is an interesting & fun past time.
Bedrock of the Community
United States
20753 Posts
 Posted 02/10/2009  8:19 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
And here is my 2 CENTS tooooo. Or is it also? No there are no more coin collectors out there. Just me and a few members of this forum. And sometimes I suspect there is only one person here using many different names just to keep me here.
A future in coin collecting. Of course not. This is just to new a hobby and will certainly fail as with the Beanie Babies.
My solution for you is simple. Take all the coins you now have and send them to me. Of course you pay postage since I'm really helping you out of a hobby with no future.
Now for a serious note. The above is due to me putting together my income tax stuff and two Martini's.
In reality coin collecting has been around for possibly thousands of years. I remember a few Roman statesmen that collected coins when I was a kid. Consider Whitman came out with a thing called the Red Book in 1946 and wondered if it would catch on. Now selling by the millions. New album manufacturers are poping up all the time. Coin web sites and forums are also being created almost daily. I remember at coin shows it was seldom anyone had a book on coins. Now there are tables full of them.
True that some consider those that collect the State Quarters or the baby dollar coins not true coin collectors (Numismatist). They are wrong. Every one starts a hobby somewhere. Some kids that used to make model airplanes now fly them. Some kids that played with cap guns now have real gun collections and go shooting for fun or sport.
As to not finding any. Your in NYC and that should tell you something. Not many people run around in cities with high crime statistics bragging about a coin collection. Younger collectors tend to use the internet for coins. Maybe smarter and get less exposure to possible theft.
I am around the Chicago area. Finding someone that will admit to collecting anything, including Beanie Babies, just don't happen. We do collect but we ain't gonna brag about it nor tell stangers. And true at coin shows you see a lot of elderly individuals. That is mostly due to: 1.Don't know how to use the internet 2. Already know many of the dealers so get some great deals. 3. Don't really care about the internet. 4. Afraid of ebay. 5. When you get old you try to find things to do and a coin show is great for that. 6. Best of all is the ability to actually see what your buying, no mail, no postage, no insurances and once you know a dealer well, you'll get breaks that can't be beat by a stranger on ebay.

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rggoodie's Avatar
United States
23510 Posts
 Posted 02/10/2009  9:01 pm  Show Profile   Bookmark this reply Add rggoodie to your friends list Get a Link to this Reply
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Spider5689's Avatar
United States
2269 Posts
 Posted 02/10/2009  9:26 pm  Show Profile   Bookmark this reply Add Spider5689 to your friends list Get a Link to this Reply
I agree with Ratman, I myself also don't tell many people I am a coin collector for the same reasons. I can assure you that there are plenty of people out there who collect and are under 50.
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ceaton's Avatar
United States
1179 Posts
 Posted 02/10/2009  10:27 pm  Show Profile   Bookmark this reply Add ceaton to your friends list Get a Link to this Reply
I feel like a little kid at my local coin show. I'm 28 and easily 15+ years younger than anyone in that place. I almost feel like people dont take me serious.

I think the huge numbers of collectors came from the State Quarter boom. Like others mentioned, they will collect them and move on with their normal lives, but some, a very small number will catch the itch to keep collecting. I know of maybe 3-4 people that collect coins. I wish I knew more people my age that would actually go to a show and collect :)
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Yinzi50's Avatar
United States
716 Posts
 Posted 02/10/2009  11:38 pm  Show Profile   Bookmark this reply Add Yinzi50 to your friends list Get a Link to this Reply
I started with State Quarters in 1999. last year I tried to assembly a set of quarters back to whenever but I only found a 1964 in my change jar and nothing older than 1964. I told my discovery to an old guy at work. He happened to be a silent coin collector and explained briefly the history of US coins to me. He also pointed out the 1964 to be silver and how lucky to find one in change jar. I started to buy quarters on ebay then. Although I haven't finished my Washington quarter set but I finished JFK set and am working on Franklin set.
As for the future of this hobby, if everyone of us introduce a young person this hobby will be fine.
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Archraz's Avatar
United States
3499 Posts
 Posted 02/11/2009  01:18 am  Show Profile   Bookmark this reply Add Archraz to your friends list Get a Link to this Reply
Zohar444- I know what you mean about not knowing many collectors. What is interesting is that the few friends of mine who I have told over the years have tended to not understand what I could possibly see in it (I presume that they didn't quite understand that coin collecting is more than hoarding dirty AU State Quarters). In fact, when I was in high school one friend of mine found out and became extremely angry (for reasons that are still not quite clear to me). On one occasion I had a friend claim (seriously) that he thought that there must be something mentally wrong with me for being a numismatist. Sometimes numismatics can seem to be a lonely hobby outside of the coin show or Coin Community.
Edited by Archraz
02/11/2009 01:57 am
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Zohar444's Avatar
United States
1429 Posts
 Posted 02/11/2009  01:42 am  Show Profile   Bookmark this reply Add Zohar444 to your friends list Get a Link to this Reply
Archraz - you exactly captured my thoughts. BTW - I found a coin store in Munich which I will try and swing by on the way to airport.
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gadg's Avatar
Israel
6 Posts
 Posted 02/11/2009  04:20 am  Show Profile   Bookmark this reply Add gadg to your friends list Get a Link to this Reply
Hi Zohar & wellcome back.

Arcaz has got the point , lets go on and discuss that point
what is the difference between a " collector " and a "hoarder".
The most persons ( except some real collectors) I see here are hoarders that collect coins for investment and know nothing more . They are not interested in the history or the symbol the coin represents, they are only looking for the future value and what they are going to earn in some years when they will sell.

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Archraz's Avatar
United States
3499 Posts
 Posted 02/11/2009  2:46 pm  Show Profile   Bookmark this reply Add Archraz to your friends list Get a Link to this Reply
Zohar444- well that has just always been my experience. Sometimes it can be especially difficult if you are dating or married to someone who really doesn't understand it (yes, this is referring back to an old post). This might sound rather lame, but all in all what matters is how you feel about it and the joy the hobby brings to you.

And good luck visiting shops while in Munich! I will be curious to hear how that goes.
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Zohar444's Avatar
United States
1429 Posts
 Posted 02/11/2009  2:59 pm  Show Profile   Bookmark this reply Add Zohar444 to your friends list Get a Link to this Reply
I am in frankfurt airport now about to board the flight. I found the coin center of munich - 3 stores in a very small radius (Kunker is the known auction house). There was a massive snow storm yet I managed to spend 2 hours and review the lots most being german and austrian. I brought along with me a few items I was going to sell and was able to trade up to 2 beautiful Salzburg Talers. I will only be able to scan over weekend. I will publish the details of the 3 stores for the benefit of other members. They have websites and auctions periodically.
Bedrock of the Community
United States
20753 Posts
 Posted 02/11/2009  5:18 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
One thing I forgot to mention previously is when I used to work in a really larg organization that delt with other countries, the employees too were from many different countries. I used to wonder around asking them for coins from their countries. I was always amazed at how many also collected coins. And usually they were on the much younger than me side.
Possibly people from other countries are not as theft concious as we are here. Coin collection robberies are on the increase due to the poor economy lately.
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