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 Replies: 9 / Views: 6,004 |
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Pillar of the Community
Canada
1554 Posts |
 I hear all kinds of guestimates from various collectors, advanced and professional, novice and beginners as to the future of coin collecting. My questions are as follows: currently I feel coin collecting as we know it is enjoyed mostly by the Baby Boomer and War Generation collectors. (40+ and older) Where will we be in 10+ years from now. Will the Hobby still exist, will the young have any interest, will demand plummet and prices crash? You've gotta let me know your opinion on this, I've been scratchin' my head over this issue!  Glenn Edited by glenzy1
06/17/2010 7:37 pm
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Valued Member
United States
323 Posts |
As a YN, I am very much interested in coin collecting; its just that, at our age, its expensive and they aren't getting any cheaper. So we are at a disadvantage (ie, silver coins were still in circulations way back when - no offense =) )
People will definately grow into; I know a few other YN on this forum
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Pillar of the Community
Canada
3692 Posts |
With the phasing out of copper and nickel from circulation, yes, there will be sparked interest from the youngin's. That's actually what got me started was when I was a kid (in Canada) I dropped pennies into this downward cone that would spiral the penny into a charity fund (kind of like a novelty wishing well). After a few pennies I started to notice that some of them had edges that made a weird sound rolling down and was not as pleasant. I was quick to notice the change and variety of coins even as a kid. The penny is the most obvious one. Old silver caribou quarters here don't look as cool as old copper pennies from the same era, in my opinion. Also, is it just me or does newer Canadian coinage from 2008 and on seem much more lustrous than previous years? It's almost like a trick played on the people to make us think that our new coins have any value at all. But I must say they do look nice enough to spark the interest of new collectors, especially with that whole Vancouver commemorative series - how it dragged on. Now I sort of know what Americans had to go through with 10 years of State Quarters. The US Mint really should have released them all in 2 years instead, making some harder to find, and perhaps even distributing State Quarters according to the respective state's demands, therefore making California easier to obtain than, say, Delaware. Anyhoo, I'm off topic a bit. My guess is that there will still be collectors, but purists will be harder to find as the baby boomer generation deceases. People will always trade bullion. Edited by Libertad
06/17/2010 8:29 pm
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Pillar of the Community
United States
2589 Posts |
collecting among young numismatists has been picking up with the design changes that have occured over the last decade.
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Pillar of the Community
United States
1388 Posts |
I am currently 29 years of age and has been a collector for as long as I remember... And for me it started as a family member handing me a shiny silver Franklin half dollar, and as a young boy I was hooked... I've heard from quite a few people that was close to how they found this beautiful hobby, so I have done the same to my children, my family's children, as well as friends children hoping the tradition and the hobby stays strong as ever... As long as their are people to pass the knowledge, I believe this hobby will exist and thrive... |
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Pillar of the Community
United States
564 Posts |
I am 23 years old and my dad got me into the hobby. Coin collecting in the us air force is something that will always be growing thanks to challenge coins. They are very cool and the story behind them is even better. Up until last year I was the president of my fraternity and I made it my job to get college men interested. If you want to keep this hobby growing, give someone an old coin. Teach them about American history. Do your part get someone you know into coin collecting.
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Valued Member
United States
155 Posts |
For me I always loved old things, and as soon as I learned about old coin types I was hooked. I think some will be like that and start young along with those that start collecting newer circulating coins with all the new designs etc that've been put out.
Like you mentioned a lot of the older coins are quite expensive, I think that in itself might keep people out of the hobby until they are older also. So a lot of the future collectors are likely getting settled in their careers and in a few years with some disposable income and looking for a way to unwind will find their way to coins.
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Pillar of the Community
United States
2120 Posts |
I don't think there will be a significant change in coin collectors. It seems to always come in waves. 1932 saw a surge due to the new Washington quarter. 1964 saw a surge from the change in silver 1999 saw a surge from the Statehood Quarter program. And I'm sure there was probably a surge at the turn of the 20th century, I just dont know what sparked it. These surges are proportionately larger than the last because generally speaking every collector has turned one other person on to the hobby, and then with these changes you add a bunch of people who otherwise would have never noticed. i'd be willing to bet that in the 2020's when the the mint (or whoever determines coin designs, I forget at the moment) changes a majority of designs to more artistic, non dead-guy, designs we will probably see another surge. Thoughts? |
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Pillar of the Community
Canada
650 Posts |
I agree I think the multi designs on the quarters here we have had several series and on your side the statehood series sparks interest.Finding and trying to complete a set or series is fun.Makes for an achievable goal and starts the newbie up.
More than anything else I think the Internet is an even bigger factor. The information available and the access to everything needed is the wave that is just beginning.
The bigger question is how will it evolve, what becomes popular,trends etc
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Valued Member
Finland
294 Posts |
I would compare coins to phone cards. At least here in Finland there was a good boom of collecting phone cards 15 years ago, but then came mobile phones and all those telephone boxes were gone in few years. So were the phone card collectors too. When you don't use and see phone cards, you just don't pay attention to them and start a collection.
So when coins will disappear - will disappear our hobby too.
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Replies: 9 / Views: 6,004 |
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Posted 06/17/2010 8:22 pm
