The future of rare coin collecting

You forgot to mention one thing. White people aren't dying out relative to white people. Minorities are just increasing in numbers. Sure one day white people may become a minority but there will still be a larger number of white people in total. Percentages don't matter. What matters for numismatics is the quantity of people demanding coins. Due to exponential growth patterns, there will be more people collecting fewer coins in the future.

 

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Coin Collecting has been around since coins were first made.....


Its easy to try to compare coin collecting to collecting other things like Sports Cards, Antiques, Art, but the reality is Coins are in a league of there own. Coins are recognized world wide, as a method of commerce. Take a 10 million dollar vase and a 200 dollar gold coin to the most remote culture in the world and see which one you can buy food with. The vase would have little or no value because they probably would not know what it is, the gold coin on the other hand would be recognized.


So as to the future of Rare coin collecting, there will be ups and downs, but I feel pretty safe that Coins will be collected as long as Humans walk the earth.

 

Not to mention that collecting also succeeded and triumphed during a very dark point in our American History.....the great depression. The abuses of the commemorative coin program back at that time still had folks scurrying to get the latest examples issued by the mint.

 

+1
Your right Danr. People live only in the now. Everything said in this thread will be forgotten in less than a week after the last post. Then in 2 months it will come up again for opinions. While we are waiting for that to happen, we will have another post about: Who do you prefer; PCGS or NGC and why?

 

I think I have the solution to fake slabs.

We need a company to spring up and take coins in PCGS and NGC slabs and verify ( basically certify that the slab is indeed genuine, then they could slab that slab and put it into a sort of superslab with a flux capacitor or something in it that would make it impossible to counterfeit. Maybe the superslab could have a title ( like a car) that goes with it ?

 

Yes, but you haven't addressed my question. How many uncomfortably chubby, 60 something, bike-riding (not bicycle), bandanna-wearing, aging hippie men are coin-collectors??????? We really need to do a survey! :devil:

 

I buy slabbed, raw, and from the mint. I don't have a particular plan when I collect, meaning, I don't say to myself, "I'm going to collect all S minted Morgans, they must be slabbed." No. It just depends on that particular year of Morgan I am looking for. If I like it raw or slabbed, I buy it. There are many more coin collectors than one thinks IMO. I meet people all the time at work who have silver and gold coins that have been handed down to them that they are now handing down to their children. No they're not "collectors" like we are, but the point is they help keep this tradition alive, and most do know the current value of their coins.

That is just one small part of it, but hopefully when my daughter gets older she gets into collecting.

 

I distinctly remember being a D&D nerd transitioning to a video game nerd in 1986 and women wouldn't come within 100 miles of us.

Living in Tokyo in the 2000's the game stores started attracting women and couples. Of course now games are cool.

Coins are still an old fuddy-duddy hobby though.

 

me if I live 11 more years for one

 

I cannot even fathom what you mean to say there, but the demographic of "White" People in the USA is aging as well as shrinking (especially, if Latinos and Mediterreans are excluded.) Don't assume recent Russian, South American, etc. immigrants will be fervently collecting US coins any time soon, either.

Bottom line? The US population is expanding while the serious coin collector base is shrinking. The issue is older (WHITE) collectors are not being replaced by younger WHITE (or NON-WHITE) collectors. That spells DECLINE. But the doom for US coins is written in the falling wages/wealth of living US collectors (White ppl) charted state-by-state. That crisis is near-term and long-term, I think.

What STATES have the highest levels of collectors, as a %age of total population and by demographic? I'd be interested to know which states to watch: http://www.libertycoinservice.com/i...e&id=501:michigan-sends-coins-to-other-states

 

rainbow toned coins! there is the marketing campaign :thumb:

 

I think that rainbow-toned coins appeal to Deadheads, above all others

 

What he is saying is absolute numbers of people matter more than percentage of population. Hypothetical, if there are 50 million white middle aged men today in a population of 300 million than the percentage is 16.7%. If the white middle aged male population goes to 70 million in a population of 700 million then demand may well be higher for the fixed number of coins existing, while the demographic percentage has gone down to 10%.

So to say that the percentage of the population who is X is decreaseing does not tell you much about the absolute size of a given population, which is more important for demand considerations. With that said, the actual demographics look pretty bad for coin collecting, 80 million baby boomers aging through middle age now compared with 50 million gen X aging through middle age in a decade or so. I know there is more too it then just these demographic numbers, but if the same percentage of each generation collects coins, we are in for a 40% reduction in the number of collectors.

 

I thought what I said was very clear. Some people will just never understand.

 

As mentioned in previous posts, one need only ask the stamp collectors whether all is going well for them. (It's not.)

Swndlers, greedy and unscrupulous dealers, better counterfeits, and demographic changes will all take their toll on the hobby. Except for bullion collectors, the future dosen't look bright. I even wonder whether all the bullion collectors will be washed out of the hobby if gold returns to the low $400s.

guy

 

Stamps are a different story. Billions of each stamp are made. There are just way too many designs to collect. It scares away potential collectors. Large ticket coins $50k+ I just can't see losing value over time. Since, that is out of the question for me, I collect bullion coins.

 

BUT THERE'S NO INDICATION IT'S RISING. Fabricating that hypothetical as something 'baked in' is transparently false and misleading. Trend is 'falling birthrate' in the key (racial) segment and 'liquidation' for the key (age/affluence) segment we're talking about.

Given profoundly negative trend, you cannot assume serious US coin collectors' #s will rise. http://www.cointalk.com/t220412-8/#post1622157

It's the same ticking time-bomb on the desk of Harley-Davidson. And if the US coin-lobby has programmed dorky minions to lie about its equivalent "global warming" problem that won't change anything, LYING won't stop it. The truth is obvious: old White People are NOT starting to collect coins in droves - on the contrary, they're SELLING... into a falling market.

Despite a recovery in many US asset prices (to 2007 levels) coins are waaay down from 2007. "Help! I've fallen and I can't get up!" Trend and facts are reality in front of us. Whether you (or I) like it, tough luck. Some people will just never understand? YES you got that right.

But look at the bright side: you'll be able to start collecting whatever alot cheaper now and going forward.
Patience, grasshopper.

 

After 56yrs collection of old and New silver Gold copper
coins
I do have a lot key and rare dates. But One thing I have never done or one
think of was the value.
I am a 3rd generation coin collecter Money/Coins
are to me history not a.401k or anything like that. Its my hobby not a 401k

 

God bless you jello, you're the future of the hobby.

 

Me. But I'm still handsome.