Numismatics is a dieing hobby

Oh dear, he ain't near enough to enter into our circle. Thirty years from now, yes, but surely not now. Perhaps the 'hot breath' you're experiencing is from the space heater? :devil:

 

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In thirty years I will be so rich I won't need to collect coins. I'll have servants do it.

But honestly, when coins become less visible it will mean less interest in the hobby. All my friends only use their smart phones. If it is not on their smart phone, they have no interest unless is it s beer or women.

Teddy

 

I will only point out that coin collecting has been around since man first began making coins for trade. It is the oldest known form of collecting. Coins offer a glimpse into a nation's history and social values. As long as there are nations and historians within them, coins will never become irrelevant.

If the hobby is dying, why do prices continue to rise exponentially above the value of their metal?

 

Looks like the OP bumps this thread every week just in attempt to reassure himself that "numismatics is dying."

 

what hobbies do teens in your area become involved it?

 

Coins. :yes:

 

280,000 ounces of fine silver moved out the US Mint door yesterday and MORE to come. Yeah, it's dying alright.

 

Uh huh!

Tell me,

How many young kids can even afford to purchase a Morgan Dollar in MS?
Start a collection of Silver Eagles and work their way back through the years toward 1986?
Start a Collection of Franklin Half Dollars? Buy em by the roll perhaps?

When I was 23 when the Eisenhower Dollar was released, I would have LOVED to purchase $20 rolls of these to stick away for....well..today! BUT, $20 was a LOT of money back then and one thing I did not have was Lot's of Money! I still do not have "lot's of money" but I am in a much better position to collect coins "with a specific goal".

Many coin shows have very few kids simply because "kids" have better things to do with their time which does not involve "tangible assets". One of our biggest coin dealers had very little interest in coin collecting, (she collected lots of other stuff though) until her aunt left her some coins. Once she did some investigation, she was off and running. All while in her "late 30's".

The point I am trying to make is that, just like horse racing id the sport of kings, coin collecting is a hobby for older mature people who have the resources to indulge themselves.

While some did, not all started as kids. Some started way late in life simply because the time was right "for them".

Just because you only see older folks at Coin Shows, does not mean that the hobby is dying. It only means that older folks can afford to entertain themselves in this hobby.

 

Well 'dies' do have a lot to do with the hobby....

Seriously though, if it's truly a "dying hobby" then the amount of youngsters that showed up with their families at the coin shop I was at today should mean nothing. The kids seemed pretty into the stuff they were looking at... I wouldn't be too concerned about it.

 

When I was a young kid in the early '60s , I couldn't afford a MS Morgan either , but when I got a job I found I could afford some nice coins . I inherited some nice coins though but really only collected wheaties and the rare Merc found in change . Then it was girls and no coins for awhile . Priorities change as we grow up but somehow that collecting bug kept coming back . I still say this hobby is in fine shape .

 

Anybody know how much an Xbox game costs these days? Hint: I'd have to sell an MS common Morgan to buy one. Last I heard, Microsoft still sells quite a few Xbox's.

The hobby isn't as out of reach as you might think it is.

 

Well, there are at least 5 stations on Direct TV that sell coins. Someone must be buying them.
My favorite is the guy who sells the Presidential coins.

Anyone remember some of the expressions those 2 guys, John Bins(?) use. Something like We'll beat the huey out of our competition" and others. Hysterical.

 

Hey my brother and I are both under 14 and we are avid numismatics people.:thumb:

 

Ya I here ya, new call of Duty :sniper:is comming out, but I rather buy 2 oz of silver LOL. + that game is dead...

 

Ehem...back in the Dark Ages when I was a teenager, favorite hobbies included drinking and chasing around after girls.

 

So...not much has changed then. :devil:

 

Yer right but then .............. how many parents actually buy those X-boxes?

 

Whatever happened to slot car racing?

 

Good question Yak , but I do remember that picture . :thumb:

 

I thought it was going to be used like "tool and die." I think there are more young collectors coming into the fold. Although yesterday when I went into the coin shop near my work the average age was probably 65-70. That said, I'm assuming more kids will be around during the summer like last year.

Like someone else said, the US Mint and Aussie Mints are doing record business right now, someone is buying the stuff.