Death By Credit Cards

CREDIT CARDS ARE RUINING OUR HOBBY! aS MORE PEOPLE PAY WITH CREDIT CARDS, COINS DO NOT CIRCULATE AS WELL. wHO KNOWS, MAYBE IN 20 YEARS, THE MINT WILL STOP PRODUCING COINS!!!!!!!!!!!!!!!!

 

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Not very likely but possible. Oh well, we could still continue collecting pre-2024 coins. Or start collecting exclamation marks ;-)

Christian

 

Credit cards aren't ruining the hobby. The pot metal coins the mint is producing now may well cause some very negative changes in the hobby, but credit cards are simply a convenient means of paying.

Now, if Congress decides to make electronic money legal tender and abolishes cash, that could ruin the hobby. Of course that would ruin everything, not just coin collecting.

 

We are not to far off from electronic money as being the standard. One could buy stocks with electronic bank transfers, one could buy a house with electronic bank transfers, one could pay their bills with automatic electronic deductions, one could pay for food with a bank card which is in its way an electronic transfer. Remember the first star trek series where everyone had credits and paid with using the fleets computer. Well we are indeed only a generation or two away from that if not sooner. As for the coin collecting, hey objects of wealth are always collectable its which coins are considered worth collecting that may change.

 

I agree. There certainly hasn't been any drop in the popularity of pre-Euro coins from the EU nations, even though for all practical purposes the coining of national issues has ended in those countries (and will shortly end in several more).

 

As a "euro cash user", I would welcome fewer types. For practical purposes we should drop the 1 and 2 ct coins, make the 5 to 50 ct identical (different design for each denomination but not 15 "country specific" designs per denomination). The €1 and €2 coins should still have their country specific sides, and also come as circulating commems. As a coin collector, however ... well, let's leave the system as it is now

By the way, I don't think that "several more" countries will have the euro any time soon. Sweden and the UK will not join the currency union anyway, Denmark may do so but is quite uncertain, and the ten countries that will join the EU on 1-May won't introduce the euro before 2006, probably later. Some countries (CZ, PL) are not expected to join the currency before 2009/2010 ...

Christian

 

In a hobby that has existed for over 2,000 years, aren't 2006 and 2010 "pretty soon"?

 

Good point satootoko and thanks for agreeing with me, its been a long week.

 

Hehe, quite right. But then there's schoolkids who ask, in some euro forums, questions such as Our class will be in Warsaw (or Prague, etc.) this fall. What euro coins will they have there? ... For those people, 2010 is eons away ;-)

Cash, including coins, is surely getting less and less important. But I suppose that the cashless society is about as far away as the paperless office ...

Christian

 

I hope we never use the Euro, Czech money is a work of art I say.

 

WOW!! What an old thread...LOL

Suppose CC are still around and the coins are still being generated.
No impact...


RickieB

 

Funny, at first I was thinking, wow! look at all these new members and then saw the thread was from 2004. LOL! That was almost five years ago and things haven't changed too much. Maybe 5 years from now this thread will be resurrected again for an update.

 

Yep, ole' Mirek said soon, eh? I dunno, he reminds me of dad when he promised me a .22 rifle "next Christmas son, we just can't afford it this year." Now, if one of the PMs mistresses said to do it....LOL!

 

What's ruining our hobby is the junk that's currently being produced. With mintages in the mega millions for each coin, they simply no longer have any value as collectables. The major thrust of today's collectable coins is in errors and rare varieties.

 

Haha. Or maybe we'll start seeing...'I just got a 1969 BankAmericard, mint state condition!'.

 

I think whats ruining the hobby is all of the counterfeit coins being produced overseas (or here for all I know). I know there is not really much that can be done about it and in a way counterfeiting has been occurring for hundreds of years, but it is so hard to tell some of the counterfeit coins that it makes me reluctant to buy anything moderately expensive at all! I have been trying to learn how to identify authentic vs. counterfeit coins for some time with the help of a local dealer as well as a few books, etc. and it is very very difficult as you all are aware.

 

Don't blame me...I don't have any credit cards. I'm not willing to pay upward of 17% on purchases...thats rediculous.
Guy~

 

Ummm, I don't know. When they do abolish actual physical change, I still plan on finishing my Lincoln set. Which comes hand in hand with "fun". So chances are It won't ruin anything for me. I don't collect anything new anyways....

 

LOL, MS 66 FMS....
(full magnetic strip) LOL