Why coin sales flat

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Everybody in CT is bullish on World Coins.....hmmm. Like Internet Stocks circa 2000.

Nobody was talking up World Coins when GDJMSP/Doug was writing those articles years ago.

Just sayin'...........

 

Over all sales flat but nice online retail now and then. At shows competition from other dealers and people coming in the door with money / something to sell another factor. If people coming in door broke, nothing sell, poor attendance = bad show. Online certainly has hurt shows.

My focus becoming low pop / scarce coins -Mainly quality slabbed world or CC US material, stuff other sellers not likely have.

With wholesale bid value on US Coins stagnant or falling (oversupply vs demand) along with forced low margins (competition) / tough make enough keep this business segment viable.

 

A bed is something I maintain for my cats.

 

@Derek2200 you can' go wrong with scarce world especially ones that you rarely see for sale or rarely see on dealers tables. When you see table after tables of morgans.......yuck

 

If some of you World Coin vets are going to be at FUN, maybe you can educate some of us novices to any good deals that are there.

 

You can't beat a recliner when horizontal sleeping brings excruciating pain. I have not slept in a bed since 2012.
I don't leave the TV on due to the lights but with my
hearing aids removed I couldn't hear the TV anyway.

 

If that is the case in the US, then why are we falling further and further behind on education? Why is the average IQ in the US dropping?

Kids nowadays are just as intelligent (or lacking thereof) as they were 40 years ago. The distribution has not changed. What has been introduced is far more distractions with cell phones/internet, parents who no longer have time for their children, and an education system which trains kids to take standardized tests that kill the ability to retain what was learned. That’s ignoring the effect of coddling disruptive students and passing nonperforming students.

While your statement may have been true 10 years ago, we are actually seeing a major regression in the quality of education. Take it from someone who just left the system and has siblings still in the system.

 

I can speak on the Chinese market. It was much lower 15 years ago because the number of wealthy people in China was substantially lower than it is today. With an increase in the number of wealthy people comes an increase in the number of coin collectors. Increased competition drove prices up, especially for rare coins. Prices have somewhat stabilized in the past few years.

Some issues of Chinese coins have been made more available due to the internet and hoard discoveries. These, as expected, went down in value. The same thing is being seen with Athenian tetradrachms (a hoard of upwards of 80000 coins discovered in the past couple years) and key date coins in popular US series.

The Chinese market as a whole won’t see a correction unless players start leaving the field.

 

Very similar to what I've seen with Austro-Hungarian coins. I know some buyers by reputation in that market who have new money and will not lose a bid.

 

As long as we permit "teachers" to indoctrinate all students and browbeat those who attempt to think we will have suppressed scores. Most of our best innovators have had to remove themselves from the education "system" in order to reach their full potential. "Experts" say that children need to be socialized. They have holidays; weekends and sixteen hours a day to do that. The few hours they spend in school should be applied to learning.

 

So true, many Chinese are buying back their silver which we and the Europeans acquired over the years. The Chinese coin market is definitely increasing in value in certain coins: K# 678, one Yuan in MS 60 was $6,500 in 2014, now in 2020 this Yuan is priced at $10,000 at MS 60. Many other examples are to be seen, increases in value. Probably not a good time to buy. Y# 336.1 now is $25,000 in MS 60!!! It was $17,500.

 

Most teachers (in my experience) would prefer to actually teach, but are beholden to the standardized tests and are forced to teach what to think and not how to think.

Liberal arts college professors are another story. And that’s as far as that conversation can go without getting flagged for political discussion.

 

Assuming that's accurate there are many contributing factors that have nothing to do with schooling that can't be discussed here.

All of which were the genius ideas of the older generations and flower children that like to dump on the younger generations all the time.

Depends where you are that is certainly true and no doubt true for college with all the of the majors added in order to get more of the federal student loan money pie. There certainly are areas where it is bad and plenty of professors that have no business molding young minds just as there is more "science" happening trying to justify getting grant money than there should be, but overall things aren't as bad as they're made out to be.

Most people and most teachers go about their day just doing their normal things but that isn't clickbait enough to make headlines or the news so we never hear about it. The having to teach to a standardized test certainly is an issue that needs to be addressed more than it has been, but the scientific/medical knowledge to name a few are leaps and bounds past what was being taught 40 50 years ago.

I really have no interest in trying to turn things into a generational war or whose is the best, but it does annoy me when the absurd comments come out about how younger people are lazy and the problem etc. Every generation says that about the ones that follow and it's essentially never true and always ignores the fact that it's actually them who shaped the world into the issues the younger generations are supposedly all failing with.

One day the babies of today will be complaining about their grand-kids just the same and their grand-kids will have a greater knowledge base than they do. Short of a huge plague or nuclear war future generations know more than previous ones, it's just how things work and there's no reason to believe that is going to change

 

I can only speak from experiences with members of my family who are very involved in sports, but hardly have language, logic skills, diction, understanding the difference between fact and fiction/hyperbole. Their resources are generally verbal, or questionable internet based.

I try not to confuse them with logic, as it appears reading, writing, math, etc. are becoming lost arts/sciences. I often communicate with associates in senior practicing technical development positions who state "they generally just don't understand/care". My best method for teaching logic, is by challenging them to games requiring mental skills. When they never win they want to know why, and listen to comments in advance when I inform them of their options, and probability of winning.

I will agree however that generally from the youngest forward, if I have an operational problem with one of my "smart-phones", someone will find an answer.

JMHO

 

All that may be true in K 12 and for SATs, ACTs and GREs, but testing at the University level is a whole different game. Or at least it was back in my day. I took a Physics 101 honors course over the summer (6 weeks every day) and the instructor was insulted when the mean test scores were above a 60. He tried to kill us on his tests. I love the bell curve grading though because all you have to do is beat the other folks and the average so a 70 was a high score and an A.

 

Amen to that

 

I’m a typical collector was very passionate from age 7 to 18 or so but became more enamored with baseball cards for awhile unfortunately. At 17-18 was more into getting my business off the ground. Still would pick up the occasional coin here and there as I ran across them but in 2012 when my business was really thriving and I had plenty of extra money I happened to click on a ha auction ad that popped up and the next thing you know I was back at it. Had to take a lot of a slowdown the last couple years as personal life has thrown me a lot of curves and I haven’t been working as much but I hope to get serious about collecting and dealing again soon