Is numismatics going the way of philately?

Wow, you have some outlook on business. Without us there would be no government. It's hard to debate with an egg.

 

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At least I can tell you from my business, I have a stellar business model that works as been proven for over 30 years. You don't have to sell to the ultra well off to make money or to prosper. You just have to know who you're selling to and how to sell it to them. If there are people willing to spend $10k-$17k for the gold Apple watch, that means they're making money. So it can't all be bad.

 

Probably very close but it ain't happened yet. I did like this though.....

 

Back to coins now. Can you really tell the difference between the 69 and the 70 that I'm showing? What do you think?

 

A question for the MS 69/70 crowd - As related to your coins with those grades, do you see yourself as a collector or as an investor?

 

I can't see a difference between the two from those photos. The graded probably needs a loupe

 

This is an interesting article and concept on the way in which coin collecting may be going, but there is a possible difference in the fact that commemorative stamps are more in use than coins.
Both coins and stamps are equally good investments, which give excellent returns, and because of this the hobbies will always be strong.

 

I think it is the other way around. The modern 70 in my opinion act as a moey pit that sucks money away from traditional coins and thus artificially lowers demand. When that market finishes its crash I would expect classic coins to start to go up. Just my opinion.

Ps taken means nothing. It is not even a speed bump.

 

You see we still have hope

 

You are right The modern will see a crash an them back to collecting classic coins

 

Vic you dog!

I see your point and my opinion isn't far from yours at all. In fact it makes quite a bit of sense. I was directing my comments more towards the moderns, that once the modern MS/PF70 bubble bursts, plenty of these expensive coins will become more affordable.

 

The only difference I found was price

 

I can only go by my experience with them sir. For the most part my generation and younger seem too fit the description. I just recently dated a girl who would take 3 or more days just answer a text and when we would be face to face she would repeat the same words over and over. Really sad!

 

I see the difference clear as day (he says with tongue firmly in cheek). The second set of digital photographs have obviously been "artificially toned", with the very rare and very dangerous saturation slider.

 

I agree this seems too be true when it comes to my luck.

 

I don't hate women, I actually hate the way they are mistreated. Just hanging out with some ladies that I have met make my head hurt. I'm really sorry for getting of subject, but some subject make my blood boil and I should ignore them.

 

In light of that, and by the way I agree 100%, how can you be optimistic about the future of collecting? Those are the very same factors that lead me to the conclusion that collecting generally is doomed except for the very high end. Without a vibrant middle class with disposable incomes significantly in excess of core basic needs, how on earth can the collecting field NOT collapse?

Or is that too cerebral?

 

I guess he only feels that the wealthy among us deserve things and the rest of use will just have to deal. I get the feeling sometimes they hate their own country. Specially the way they hate the dollar and hedge and invest no matter if it hurts the country the way they do it. I'll probably get trashed for this, but not the first time in my life.

 

Take a look at the great depression. That is the perfect case scenario. We went through it, we survived, we came out of it prospering. I still have faith in the US. Things are not looking good in the economy right now. Like throughout history, we will adjust, we will survive and we will come out prosperous. What was the auction result for last year? How many millions were sold? Just in coins. If you add all of the other collectibles we're talking in the billions. Sure, there are going to be bumps in the road. Some bumps will be a great buy for someone. But I don't see it going into oblivion or in such a collapse that it loses its value completely.

 

I don't require "completely" to be pessimistic. Even a significant downturn in mid-range coins will be leaving so many people devastated, emotionally toward the hobby if not financially, that it will be enough to sully it for numerous decades, or even longer than cash will likely exist. Common man coin collecting is a relatively recent phenomenon. It's hardly eternal or even strong. It's health is fairly fragile. Those men who founded the ANA in 1891 were not common people; they were the Titans of industry, the "robber barons" before the name was christened to describe them. If you are sanguine about a return to those days in numismatics, fine. I am not. In that "cleansing" Great Depression, record numbers of people committed suicide, including my paternal grandfather in 1933, and more starved. Hardly a shining example to which to point approvingly.

Are modern MS70 coins a bubble? Sure. But in your scenario, so then are 95%+ of collector coins.