What's the future of coin collecting?

Quite simply, coins have been around for over 2500 years. I ain't worried.

 

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If fat bottom girls started collecting coins as a hobby we would see coin collecting soar in more ways than anyone could ever imagine!! What I mean is if supermodels started collecting or even just made some PSA's about coin collecting, we would see some big things happening with this hobby as far as growth goes. I am so sure of this, that if I was a millionaire, I would put my money up for some PSA's promoting coin collecting and the BS of America!

 

What's the future of coin collecting?

As long as coin is not seen as money, its future of coin collecting will not be different than collecting other things such as stamp collecting, etc which have been disappearing.

To my observation, coin collectors aren't considering coins as money. I can prove this. Right now, check your pockets. In your pocket, is there any coin already circulating in the market? Without seeing your pockets, I can definitely say that most of you do not have a cent in your pockets. What does this mean? It means you coin collectors are seeing coins as investment items, for what?, for money, for paper/banknote money. So, face your reality, you do not like the coin and you want to change it with paper money. So, you have not understood what the coin really is. And, it has not been understood for centuries, for tousands of years. Pity. Ok, I'll tell the truth now. Coin is money.

 

I've been thinking about this. I wonder how many are active members, and how many found an odd colored coin or a dryer coin, and started searching the internet and found this forum, joined to ask about it, and never returned?

There is some interest from the younger generations. But with Visa's that have reward points and the convenience of Apple Pay, I wonder how many of them ever have change to search.

 

Using old measurements for collecting is certainly antiquated and something that a lot of the doom and gloom crowd has ignored. My point is not only about how the internet changed the landscape but really the positive impact it has had overall. All those eBay sales aren't just the people you would see at a coin show. There is a lot of evidence of a very healthy hobby overall if people actually looked for it. The hobby will survive, it will just continue to change like everything does

Now take those studies into perspective. I could be exposed to more in one day then a 70 year old would have been 20 years ago while just being on a tiny part of the internet. It is all relative, tiny parts of the internet is still a vast amount of information. Also it isn't really young people answering those nor do people generally answer completely honestly on those. One thing you can say is different generations use it differently.

So in other words get off your lawn?

 

Haha, thanks for the chuckle.

 

And here is one of the biggest reasons why some of the older generations thinks it is doomed. Us younger collectors see them as coins, we like moderns even though we get chastised for it and hear a lot of dumb comments about how they aren't worth anything on forums. As a result most younger and modern collectors just collect and keep to themselves instead of exposing themselves to criticism.

The honest truth is the biggest threat to the hobby is other people in the hobby and their judgements, criticisms of what others collect, and trying to make people like what they like

 

Coin collecting will always be popular but, the most recent data shows younger people don't understand the value of keeping and enjoying as opposed to "instant gratification or profit". Prior to the State Quarter program, they were roughly 55 Million collectors. After the State program in 1998, the collector number shot up to nearly 165 Million. Since then, it has slowed to around 125-140 Million with ONLY certain coins noticed and population reports are no longer used for value. This is discouraging many and until those posting prices (i.e., Red Book, Grey sheets) start using population reports and NOT just sales from auctions, actual values will not be recognized and collectors will not be as enthusiastic as before.

 

If this is true, it sounds like there is a real generational issue here. Maybe the younger generation values coins differently from the older generation. Maybe what the older generation views as a worthless error could be what the younger generation want's to collect and feel there should be a premium.

Hmm. Interesting food for thought.

 

This is by farrrr my biggest annoyance with this community. People will post a coin all excited and the comments will roll in like "don't like it", "hate that series", "overgraded", "wouldn't pay half of what you did". It's amazing that, especially those that have been involved for decades, people don't realize there are a million different ways to collect.

Luckily only a small percentage of people who are most like grumpy old men are like that but still annoys me seeing it. Most here and other forums are great.

 

Much the same was said about television destroying radio, back in the fifties, yet radio is still alive and well and thriving. I think our hobby will continue to do the same........

 

Isn't that how it's really always been though? Things get hot and cold and go in and out of favor, but there is without question a generational issue when it comes to clad coins. The older could do well to be less critical of the younger in a lot of cases

 

"baseball21" (I guess 21 is your age or you around at that age), this (collecting coin) is not my lawn. I'm over 50 and you look older than me (as you are a coin collector), so, this is your lawn. However, in your lawn, there are the "olds"sitting next to you and they can not work like you anymore. Anyway, you have a longer future than them the olds, and, you can contribute to this field more than them. How? Of course, by working, but, also by questioning the basics. Then, you'll have seen their mistakes of the "olds" when learning from the olds, but, you don't need to follow what they are doing. Look, here, I'm not preferring to use the word "hobby" in this coin collection field. "Hobby" is not a "necessity". Coin is a necessity as it is basic basis of money. (I guess you are thoughtful enough about my poor English after this social medium, internet, which the olds were not used to.)

 

21 isn't my age and I really have no idea what point you are trying to make or what you are trying to say. All I know is you came in hard insulting younger generations for no apparent reason.

 

Did I insult? How? Just because I said "younger generations are lazier"? Eh, this is a truth. Older generations including older than me had worked harder than me. But, when it is about the coin, I've realized that all people throughout the history have been lazy. Still, older generations than me were less lazy than me and newer generations are more lazy than me. This is a trend, a real,ty, a fact, not an insult. If it is insult, I'm insulting myself too when thinking older generations than me. These are a fact. If you do not believe, look around, in their pockets of people today, there are less coins than the old days, while older generations were living with the coins more, there were more coins in their pockets. However, they too had made mistake in this coin thing, and that mistake has grown bigger and bigger. So, it is sure that there is a mistake in the coin field and it has been going on for centuries, unsolved, problem is becoming bigger. So, someones have to wake up and newer generations should contribute more as future is more relevant to younger generation. (good evening, late here in this part of the earth.)

 

The way I feel like coin collecting represents to me, is a thing to do just to kill time, that can make me money, and give me something to look for. i have also seen that the wealthy seem to be more into coins, than someone in my position (working st a gas station)
I feel like it would be pretty stupid not to fill your brain with all the coin facts, so if I did come across a coin that happened to be priceless, I won't just give it to some guy who gonna shove it in his dirty pocket devaluing the coin. I think if you play lottery, it doesn't make sense that you don't collect coins haha. I am 27 and I would love to collect things that are old and antiques, my dream was to be a antique shop/coin shop owner, or even just worker. Collecting seems too expensive, especially when you know you can pay for a coin at face value, and make 100 thousand dollars. I think collecting coins would be more important than buying something for 20 bucks and waiting 50 years for it to become expensive, or never heard of again. It's hard to say weather or not someone would want to collect fidget spinners in 50 years. So why put money into collecting something that's going to be dead when you know coins will forever be alive as long as we have money. Makes more sense to collect coins then anything else in my eyes. It's about the only thing aside from just collecting metal/crystals/stones, things of that nature. Tried to make this as understandable as I could. I am at work so forgive me if you can't figure out what I mean. I'll try to explain better later

 

Message eloquently received gas pump jokey..........

 

Sorry if my comment was confusing. Stamp collecting and coin collecting are both hobbies with the stamp or coin each having a value on them and then possibly a numismatic or philatelic value on top of that intrinsic value. If I can purchase old stamps for a 30% discount to their face value, that hobby must really be hurting.