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Replies: 32 / Views: 3,897 |
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Pillar of the Community
3352 Posts |
Sorry, for I'm sure that somebody will man-up and state that this topic has been discussed-to-death in previous threads, but ummmmm? => are there actual statistics stating if the number of numismatics is increasing or decreasing?
I am 48 years old, so I grew-up in the "cash in hand" era ... but lately I must admit that I rarely carry "cold hard cash" anymore ... my VISA Card is red-hot, so I am thinking to myself, "self, in a few years will anybody actually be using coins and/or dollar bills?"
So does this fact make coin-collecting "more" popular, or will coin collecting fade-away as the use of coins slowly fades-away?
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Pillar of the Community
United States
1590 Posts |
Coins, I don't think, will ever fade away. Physical money is still very much used in the Grey Market. Ever tried to use your Visa at a garage sale, or flea market? With the economy the way it is there is a huge demand for cash in the various underground economies. Also a large percentage of coin shops I go to do not use credit cards. And the ones that do will give me a better deal for cash.
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Pillar of the Community
United States
3345 Posts |
As more people are born into the world and communication increases, more people will become interested in different things, one of them being coins. That's why so many different people are specialized in certain things that awhile back no one had interest or time for. So out of the millions of people born this year, a few of them must be interested in coins.
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Pillar of the Community
United States
2734 Posts |
I'm still "cash-in-hand" and proud of it! (see my sig) Unlike cards, cash doesn't have a magnetic strip on the back to wear out...  So I don't make other people wait more time in line while the cashier has to type a card number in.   I've received hundreds of silver coins in my change since 1982 (including a 1964 Dime yesterday!), because I pay in cash. I'd like to thank all those people in line before me at Target yesterday for paying with credit/debit cards, so I could get that '64 Roosie in my change...   Quote: (Coin shops) will give me a better deal for cash.  Other businesses, too, but coin shops always love cash deals!
Edited by DNA 08/17/2011 9:18 pm
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Pillar of the Community
Canada
1554 Posts |
 I feel we may see an upsurge in coin collecting. The reason I believe this is because stocks/bonds/retirement funds/pensions are no longer the main stay of future securities for people's retirement. I believe that people are going to look at hard assets such as gold and silver bullion for security. This being said, much of gold and silver bullion is found in coins and not only bricks/1 oz blocks. Therefore, I feel people may enhance their inventory with rare collector coins once they see that there is little or no drop in their value in long term holdings! Perhaps this is only wishful thinking on my behalf, but you never know? Glenn 
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Pillar of the Community
United States
1064 Posts |
Seems to me the recent uptick in CCF members points to renewed interest in collecting. Maybe some of it has to do with the rising values (and public knowledge) of PM's, maybe it's the passing of the Greatest Generation, and lots of good stuff being left to kids and grandkids! Maybe it's the States Quarters and National Parks programs, maybe the U.S. Mint has spent more on advertising... whatever the reason, I think it's great, the more the better!
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New Member
United States
3 Posts |
Well I am a plus 1 if that helps. This is my new addiction. I feel like a kid again a little. I collected baseball cards as a youngster. It taught me a lot about the value of a dollar and even though the baseball card market crashed it taught me skills in economics as a youth that is invaluable. I currently have been buying silver. I like Morgans, Peace dollars and medium premium bullion. I like getting different things and don't mind paying a small premium for kooks, lunars, brittannia and the old silver dollars are awesome. Why just pay for spot price when you can get a really cool coin for 2 dollars more. Thats just me but to each his own. You will get it back in the end. Keep stacking and have fun while making money.
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Pillar of the Community
United States
3402 Posts |
Hopefully this bullion/commem craze will fade away fast and numismatics will once again reign supreme.
KK
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Rest in Peace
United States
7075 Posts |
I'm another plus one and I am dragging my husband along with me. He has some interest but not a lot of time.
I have been collecting since I was a teen (more than 40 years ago). But I was never very serious about it. I never bought a coin until this year. I would just set aside any silver dollars and buffalos, etc. that I came across.
I just got interested again this past year. My father-in-law passed away a few years ago and we found the coins he had set aside while we were cleaning out his house. My husband dragged out his old coins and it all started to look like a collection.
I still don't quite know what to pursue -- but I am having a great time learning about coins.
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Pillar of the Community
United States
3499 Posts |
I wonder if it is becoming less popular since many people are starting to merely view coins as bullion/ investments rather than actually liking to collect them. As bullion metals go up, more and more coins which were once perceived as being collectible are being shipped off to the smelter.
Also, do you think that just modern forms of entertainment, such as video games and forms of communication via the internet, become ever more ingrained in the lives of young people that coin collecting and other sorts of "analog" hobbies will fade?
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Valued Member
United States
244 Posts |
It's really hard to say whether the hobby is growing, shrinking, or staying the same, because there's never been a good way of figuring out how many people really collect, and how serious they are. Anecdotally, the State Quarters brought a lot of new people into the hobby, but prior to that, my feeling is that the number of collectors was dwindling somewhat, but the seriousness of those who collect increasing. That's just a personal guess/belief, but back in the day, there were plenty of coin shops around, definitely more than today, which implied enough business to keep them all open, but I never really knew anyone who was hard-core (growing up in a fairly poor community might have skewed my experience in that regard, I grant). Now, information is more accessible, and we have access to far more dealers than we did back in the day. We also have more disposable income to devote to hobbies, all of which allow collectors to be more serious about collecting. Anyway, why would the end of coins as circulating money mean the end of coin collecting? I can envision, hundreds of years in the future, people still collecting coins saying "wow, people actually used to think these things were money?" I guess my point here is that coins will always be collected because, even long after people have ceased to use coins, they're still a part of our history, and what is a more integral part of history than money? The form might change, but that understanding I suspect won't.
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Bedrock of the Community
Australia
21786 Posts |
I DON'T have a credit card, there is too much identity theft for me. I only pay in cash, even for utility bills; these are paid at the Post Office next door the the bank.
So far as numismatics is concerned, there has been much greater interest in bullion coins. That is obvious from current threads in the CCF. IMO, there has been a 'spin off' from this into numismatic interests from both new and long established collectors.
Is the hobby of numismatics growing? I think the answer to this can be provided by the variation in numbers of numismatic dealers, and in the volume of their business.
A dealer is probably in the best position to answer this question.
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Moderator
 United States
16677 Posts |
I have a credit card through my credit union which gets paid in full every two weeks so, balance: $0 That's another story or thread.
More popular. I see many more people at coin shows I attend than ever before and, new members joining the CCF in numbers I have not seen since I have joined in 2008. Bullion, up...new interest in that. It all adds up.
swcoin.ecrater.com
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Moderator
 Australia
16808 Posts |
Quote: It's really hard to say whether the hobby is growing, shrinking, or staying the same, because there's never been a good way of figuring out how many people really collect, and how serious they are. I agree; the number of "dabblers" can really only be guessed at. The only sources of reliable statistics on coin collecting are from organized numismatics: coin dealer and mint mailing lists, coin catalogue sales figures, coin show attendance figures, and coin club membership lists. I don't have access to dealer, book, mint or coin show statistics, but I can tell you the basic stats about the coin club I'm the Secretary of here in Brisbane. The QNS started out in 1986 and by the end of that year we had 87 members. Membership peaked at 96 in 1989 before gradually falling to a low of 67 in 2002. Since then we've climbed steadily up again and are now sitting at 86, about where we first started. Now, given that the population of the city and the country has almost doubled over that time period, I can't say that "holding steady" over 25 years represents a growth in the number of coin collectors. But I think the growth since 2002 has kept in line with the population growth. Things were certainly worse a decade ago.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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Pillar of the Community
United States
4085 Posts |
I think that the number of people interested in coins is going up but the number of collectors strictly interested in the numismatic aspects is waning a bit. A lot of those people you see are into bullion, not collecting in my opinion.
The guys at the coin store last time I went in said "thank god, someone here to look at COINS! - all we get now is people wanting to sell gold".
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Moderator
 Australia
16808 Posts |
I've had much the same comment from dealers around here recently. Everybody wants bullion, nobody wants coins.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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Replies: 32 / Views: 3,897 |