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 Replies: 24 / Views: 4,276 |
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Pillar of the Community
United States
2541 Posts |
Edited by Gothic Florin
02/13/2011 11:21 pm
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Valued Member
United States
302 Posts |
Thats funny because State Quarters were overproduced. They have a better chance selling 10 of your mint sets before State Quarters lol. The problem with this world is there are to many people out there thinking State Quarters will be valuable lol. They are just as bad as the Bicentenial quarter. I will say the State Quarters are neat but not my thing. |
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Valued Member
United States
155 Posts |
 1964 or earlier. |
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Pillar of the Community
United States
1510 Posts |
Quote:I will say the State Quarters are neat but not my thing. thank you Retired USAF 1983-2003
Edited by Coinstar
02/13/2011 11:46 pm
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Valued Member
United States
294 Posts |
My question would be: Are they actually selling this stuff to the public, or just offering it for sale? If nobody's buying, then why take on more stock?
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Pillar of the Community
United States
952 Posts |
I'm with ya Gothic......zero interest in the new stuff being produced unless it is an error....all this commem stuff is clogging the market too - for the relatively small amts produced you'd think it would be hard to find but apparently there are a lot of people dumping it.....i suspect that many of the buyers are not really die hard collectors to begin with.
i'll stick with my SLQS, buffaloes, early lincolns and indian heads
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Bedrock of the Community
United States
19935 Posts |
That's kind of hard to believe, they could have made you a low-ball offer below issue price. Not very astute dealers IMO. They could certainly resell it.
Lincoln Cent Lover!VERDI-CARE™ INVENTOR https://verdi.care/
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Pillar of the Community
United States
6326 Posts |
Well........there's 340 million people in this country now....less than half that about 50 years ago. The "pool" of collectors (whatever level of collector that is) has increased dramatically....with new collectors coming in all the time. "Over-produced" is kind of a relative term to the demands/needs of the current population. I think you just can't compare "apples & oranges".....they're two different things, but both are fruit. Given enough time and a couple of generations pass by.......you might be surprised what is considered "collectible" and/or valuable with the new stuff coming out right now from the Mint. You just "might" be ! And "Copper" might be the next "Silver" ! ......  Tomorrow's " Buffalo nickel" ? Tomorrow's "50 D Jefferson" ? Tomorrow's "32 S Washington" ? Tomorrow's " Flying Eagle cent ? Will "Common Date Wheats" go from .03 Cents each to $3.50 each ? Nobody knows what tomorrow will bring....... esp. in the " Coin World" ! ....  |
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Valued Member
United States
439 Posts |
I took alot of mint and proof sets to a dealer that I frequent. He did not offer me much for the sets, but he comes right out and tells me he isn't really interested. I see he sells some mint sets for like $3 and gives me $2 for them. I don't collect them I had to sell them for someone. But who knows maybe someday they will be worth something. I am going to hold onto other things instead.
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Valued Member
United States
155 Posts |
You could get at least $30 to $35 on that set all day long on ebay no problem. Which is not bad since it lists for $40 |
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Pillar of the Community
 United States
2448 Posts |
Regardless, it's still a great way to teach kids about the states, the national parks, and get them into a hobby all at the same time. My grandsons can't wait to put an AU state coin in their books. I'd also bet some of our more youthful forum members, who may be on a tight budget, feel the same way. "Loose Lips, Sink Ships."
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Pillar of the Community
United States
2602 Posts |
Quote:
The "pool" of collectors (whatever level of collector that is) has increased dramatically....with new collectors coming in all the time.
I would love to believe this and certainly hope it's true. But there are only two people in my local coin club that are 40 or younger and I'm one of them. I think young folks are so into video games and sports and other things that collecting coins or other things could be dying- this is my worst fear. It is our job to stimulate collecting coins (and other things) in young folks, otherwise the hobby essentially dies a slow death and all our coins and collectibles lose their value over time. I just gave a presentation to the Cub Scouts and gave them a baggie of different things to collect the other day to try to stimulate interest. None of the 8 boys showed much interest. I gave them free Buffalo nickels, Indian and wheats cents, steel cent, modern cents with different reverses, along with stamps, baseball cards, rocks, shells, and other things. There was very little interest. All I can say is you have to stimulate collecting in young people if you hope the hobby will stay vibrant. Once silver and gold plunge, you still need a strong collector base in place. |
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Pillar of the Community
United States
7629 Posts |
Interesting... I have counseled the Coin Collecting merit badge to nearly 50 scouts over the past year. Many of them had their own collections started before I started with them. The newer coins aren't "over produced" - they are simply produced in the quantities needed for commerce, which has always been the case. They are just produced in larger quantities than greedy collectors and dealers can make immediate profit from...that's all. Back in 1960 there were coins in circulation going back 75 years or more. It wasn't all that uncommon to find Barbers in change. Now we have people pulling brass cents out of change thinking they will somehow be shorted if they spend a cent with Two Cents worth of metal in it. Simple truth is this - greed has gotten the best of a lot of people, and if there's not some immediate rarity or immediate profit to be made in something, it is considered 'worthless'. Wrong attitude, I think. |
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Pillar of the Community
United States
6326 Posts |
Well said Copper !.......
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Valued Member
United States
310 Posts |
I have to agreed that younger people don't "collect" things as much. There's so much more to do today with free time. Hobbies, and collecting have been on the downturn. I'd even venture to say stamp collecting is all but dead except to the few hardcore collectors out there. If you tried to sell a block of random old stamps, you'd probably be offered %60 of face for them. You're better off using them for postage lol.
I also notice that most coin collectors are older. What's to say in another 30-50 years that coins don't fall off too? The one thing it has going for it, is that it's an "old money" type thing to collect. Many big coin collectors are amongst the highly privileged. Not many hobbies have 1-20 million dollar pieces. Bullion will always be bullion, but numismatic value would fall if the hobby falls.
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Valued Member
United States
92 Posts |
I have never been to a coin show,joined a coin club or read a coin magazine so maybe I don't have a right to comment here but What I'm reading here is kinda discouraging,If coin dealers only sell coins to make a profit and collectors only collect coins to make a profit then maybe I'm doing the wrong thing or doing it the wrong way. I hope to pass my little bit of knowledge,appreciation for some works of art and my collections to my son and grand kids.I saved coins because I find them interesting,amazingly artful and I'll never be broke.The newer coins,Presidents,State Quarters,Territories and ATB's are now the learning tools for my grand kids and their friends.We play games with them,like finding another one that matches the one you have,add the coins to the state map,in the right state,lets read about that park,etc.Coins can be a fun thing and hopefully my enjoyment of them will spark their interest in collecting and learning. gasman96 |
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Replies: 24 / Views: 4,276 |
Posted 02/13/2011 11:30 pm
