A thousand years from now.

What's going to happen to our coin collections? We find things now that are a thousand years old. Coins however are collected and put away, many in perfect condition.

So if man hasn't destroyed itself by then, and you have a coin collection from one of your ancestors, what's it going to be worth? Will it end up in a museum, or will they end up like the old Roman coins, being sold dirt cheap because there are so many of them?

 

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Think of the smartest, most educated man on Earth in 1010. Could he have, even in his wildest flight of fancy, come close to imagining the world in which you posted that question?

I do think about the duty of stewardship that attaches to my current ownership of special things. I have no idea who will be looking at them after I'm dead, or why. So I figure the best I can do is identify and preserve those things as best I can, and hope whoever follows me will at least appreciate the effort.

 

I bet silver will be up to $40/oz then.

 

The supervolcanic eruption of the caldera in Yellowstone is way overdue, so it really won't matter.

Chris

 

I think not

Oh, I think not gbroke, for three reasons.

1) In 1,000 yrs we will have finally converted to the metric system.

2) There will no longer be a unit know as the $.

3) They will be about to make BETTER elements to fill the industrial/medical etc applications.

 

I agree with Texas John - so much can happen in the next thousand years that we can't even imagine today. It might be realistic and even more interesting to think what will happen to our coin collections over the next 100 years.

I'd like to think that my collection (as basic as it is) will still be in my family, but realistically anything could happen in the next century - financial hardship, natural disaster, peak oil - 100 years is a long time.

 

A lot of people on this forum do not agree with me, but I think coins will go away in the next 100 years, so my collection will be worth more? But some of the pundits say that is not true because there will be less coin collectors. I am sure there will be probably less coin collectors, but that does not mean there will be none and that also does not mean the value of my collection will be less because there are fewer coin collectors. IMO

 

I couldn't have said it better Texas John. I take special care of all the coins and other things I own, and hope someone down the line will do the same. I figure I have what I have because somebody before me watched over them. I document and label everything the best I can so at least somebody in the future won't have to go on a forum and ask "What the heck is this"? Interesting thread Pilkenton.

Bruce

 

They will still have value as old items and higher grade coins will be especially valuable I believe. One thing I do believe is that the "key dates", so valuable now, will be - oddly enough - no more valuable than common dates. Over a long period of time, people will no longer be trying to complete a collection of Lincoln cents in 3010. They will be happy to have just one example in nice condition, no matter the date.

 

Circulated state quarters will still be worth 25 cents. :smile TC

 

Probably be just space particles.

 

We'll be bartering cylinders of fresh water and oxygen.

 

If

IF you have H20
and the sun still
shines in places

Go with the water as it can be converted.

 

u mean ull still be critizing them 1000 years from now?

 

You're talking USdollars. i bet we'll be on GUC (global unified currency) by then.

 

That's assuming money will even exist then, did we not learn anything from star trek? It took place in the 24th century and there was no money (Yes I'm a nerd). I'm sure spock1k would agree

 

There will be some sort of monetary unit in the distant future of 100-1000 years. There will still be classes of people and relatively rich and poor.

Kirk surely had ( if you can use the past tense when talking about the future) better quarters ( pun intended) and more replicator credits than some lowly ensign. It's sort of like the Airforce today....A general lives better than a Sgt.

Coins will probably not be as desired and collected ( IMO).

 

I have thought about this before...I think the coins of today will be in better supply than the ancients...because there is more of a collector mentality today. Currently there are thousands if not millions of people who collect coins...in the ancient times, that wasn't the case, as far as I know. We also don't tend to store our coins in the ground, which they did!

They are also making a TON of them, which means that they will have a high rate of survival, in theory. The coins that are common now will, however, be not anywhere near as common due to some being lost to natural occurances, and so forth.

There probably won't be any Indian or Lincoln cents still showing their mint red...how many ancient Roman coppers have you seen that were still mint red?

I think coins that are in collections now will have a very good chance of survival into the future. Simply because they are more likely to sold to other collectors, perpetually instead of put back into circulation, or melted to make new coins.

I predict that 1964 Nickels will still be circulating though! LOL.

I was sorting some of my coins earlier this week, and I actually thought about this very topic. The coins that don't meet my standards for my collection get put into the family spending jar, and when it gets full we cash it in and spend it. But I wonder what would happen if we just put that jar aside somewhere and let it sit for who knows how long? Would it be found hundreds or thousands of years from now?

What if my collection was lost somehow and at that point, the coins I rejected due to condition were found and one of them in that jar became the finest known? Kind of weird thoughts but I never said I wasn't weird!

And finally...to those that bash moderns...in 1000 years from now, today's moderns will be ancients!

 

1964 nickels won't become 1916-D dimes. A Jeffy nickel might become a type coin someday. hundreds of thousands of years from now is incomprehensible. We;ve barely had electricity and cars for not much more than 100 years.

Focus on the foreseeable future. I'd call that as being like 50 years max.