Will millennials kill coin roll hunting?

But that's like arguing for asteroid impact insurance.

If you add up the amount of transaction cost/time associated with dealing in cash, it's massive-massive compared to the efficiency of digital. Eliminating an inefficient process to standardize a vastly more efficient process has to be done on balance.

A good example of this would be ATMs. Former Fed head Paul Volcker called it the peak of financial innovation. Many agree. Do we abandon them and go back to tellers and bankers hours because what about a blackout? Of course not.

Going fully cashless presents interesting challenges for disaster scenarios- and as someone who not only lives in the 'hurricane belt' but has been impacted, directly, several times and has once gone WEEKS without power (Jeanne, 04), including no banks, including no ATMs, the answer is you drive to somewhere where the power's on and stock up there. If you're caught without enough gas to at least do that, that's your problem Not society's.

If you're talking some civilization-level crash, well, then we have bigger problems and maybe THAT will be the time when the 90% Silverbug crew can shine... since it's not happening in Argentina.

 

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Do you think the ancient Romans had discussions about a cashless society?

 

Cashless is NOT crashless... I'll submit that Millennials, for example, have zero interest in coins, stamps, collecting, etc. The head is buried in Mine Craft, Fort Night, and the video world... Searching rolls? Good luck

 

Next time one of my grandkids loses a tooth, I'm sliding a prepaid debit card under their pillow. The new modern Tooth Fairy.

 

Well I guess I am a millennial,
Instead of just blaming millennial's, what are "non millennial's" doing to fix this?
What ways can we bring this kind of information that would make millennial want to collect coins?
How can we bring to make coin collecting more mainstream?
There are other things which could attract millennial's such as building websites which are more up to today's standard in graphics and GUI. Opening more clubs and make coins sound more attractive to save then to just sell.

I do not have the answers but some of it has to do with today's education where we must learn about things we will never need in life, high schools should teach about saving up money or doing a hobby (and emphasize on collecting while on a low budget) etc...

We need a plan and a community to back this effort.

 

Hi folks, I just wanted to remind all the millennial bashers, and to the OP for asking an incredibly leading and insulting question, of a few things:
- Millennials were born between 1981-1996. The youngest millennial out there is 22.
- Millennials are most likely your kids and your grandkids. You raised them.
- Millennials didn’t invent credit cards, ACH transfers, or digital banking. If cash is done away with, it won’t be because Millennials “killed it”, but because of technological and societal advances that make carrying cash unnecessary.
- I’m a millennial, I’m in my 30s, I am married and have children. I grew up when cell phones and computers were just being introduced. I don’t know where you get the idea that millennials are this all-encompassing negative stereotype. Ironically, I’m actually ashamed to tell people I’m a millennial, and that’s thanks to all of your constant bashing on my generation.

 

I agree, but the thing is the media ("Millennial's are destroying "insert something here") and social media does not help ether.
I understand when watching so much of millennial's this and that, or you personally know some millennial's and they are not the best of people this will make you think all millennial's are bad but this is far from the truth.

I been with my mother for all my life, for the last 10 years she was sick and getting worse and worse. Rather then send her to a nursing home I stayed and took care of her, she passed away 3 months ago and I am basically moving and cleaning and doing it mostly by myself.

With that above snippet which is part of my life, I am saying this because I am not the only millennial who took care of there loved one, there was a 18 year old who was walking to a job interview that was 10 miles away, while he was also taking care of his brother and sister who were much much younger then him. His mother also passed away and he knew he needed to be there for his brother and sisters. There are many other stories like this.

The point I am trying to make is this, we need to stop blaming "Age or Race or Religion" and define people for there individual actions not stereotypes.

 

I want to add, I understand your opinions and you are more then free to express how you feel about us, I think I went too deep in but I just wanted to state my response and I acknowledge I won't change everyone's mind on millennial's but I would like to request for everyone to have a open mind.
Love you all, I will be away for a few hours.

 

Just wanted to offer an insight to your comment about being taught things that young minds would never need in life.

I remember in the late 1960’s having to take a keyboard class and thinking what ever on earth would I need to know this for? My path (at the time) was to be a musician and computers were something relegated to NASA.

Then in middle school having to take a class on writing business letters. Talk about useless!!! Now I am a businessman that makes his living writing business letters!

I only mention this hoping it may encourage you to keep your mind open to learning whatever is offered. Particularly when it seems utterly useless. You never know what ends up being far more useful than you could imagine at your current place on this spinning rock we call home.

 

Hehe, good one. But I suppose that, in cases like this topic, the term "millennials" merely refers to people who grew up with payment options other than cash. Analogously to the digital natives, we could as well call them "plastic natives" ... except that may not sound so positive either. And in a few years, kids may wonder why elderly people still carry those old fashioned cards instead of simply using a phone wallet.

Christian

 

Well, I think people use a lot of words that they don't actually know what they mean, and if they actually looked those words up, they'd probably not use them. Millennials actually straddle the lines between the "old school" and "digital" eras. There's a great song that this reminds me of:

 

I think it is natural for every generation to eventual think they were the peak generation taught right by their parents and grandparent, but their kids are ( pick a word) Selfish, detached, wireheads, unable to function in the world, interested in science rather than military-office work-traveling salesman. etc. We as parents, grandparents,teachers, etc. should be at worse neutral to happy, about the efforts of the millennials. We, the older generation for the most part are most likely stuck in our habits and for good habits such as watching our health, brain activity, financial future, etc, that is good, But spending much of our life feeling one is always right ( doesn't everyone have an older friend our age like that?) and that the newbies of the world are wrong is not good for us. In another decade or two, there will be mental gyms opened by millies to help the poor 'gramps' learn to get along with brain controlled devices, accessory memory chips ,acquisition of senses from sensors such as vision , hearing, smell, nanobot repair within the body, BT communication between people from brain to brain ( can't lie, can't cheat, unless you can over ride the settings. Be nice to Millennials as they will be us when the super-millennials their offspring arrive and will have the same problems. "Turn off your brain and go to sleep"!!

IMO, Jim

 

There is nothing to "fix" here. This is a secular trend. There's little to no interest in 'coin collecting' in the generation that has digital gaming and the internet available to it.

Just like painting or wood carving or mastering a musical instrument or (all sorts of other things a lot more people once did to entertain themselves but fell by the wayside once other, more engaging media came along), there will always be painters and wood carvers and poets and coin collectors. It's just that the practice won't be nearly as common as it once was, because people have more engaging forms of entertainment.

Typical of the two millennial in this thread, we see defensive sobbing and whining when people point out something clinically factual, because pointing out reality is personally offensive to your feelings.

 

Show me any sort of statistic that proves there is a correlation between having the internet and not having interest in coin collecting. I'll wait. What's ironic is that you think your opinion is anything other than just that: your opinion. But please, show me the money. I'd love to hear this "clinically factual reality" you claim to have access to.

Here's some irony, based on your age, you're a millennial too. Brilliant. Also, I'm not sure where you came up with the idea that "defensive sobbing and whining" is "typical" to a millennial. I'm sure you have some anecdotal (AKA not scientific) evidence for that, which you've allowed to inform your entire opinion of the world on. But for your information, I've spent the last 10 years serving in the military, which currently less than .5% of our population are doing, so I don't fall into those labels you've been programmed to believe in. Now, I'd happily tell you where to take your false, negative comments, but I'd prefer not to get banned from this site, because as it turns out, I'm a millennial and a coin collector.

And the MOST ironic thing about this entire thread? Every single one of you is sitting in front of a computer or phone screen trashing millennials for their use of the internet. Good day.

 

My dealer gives coins to kids that bring him report cards with A’s and B’s. It is such a locally popular event that I won’t go near his shop the week report cards are given out. Suffice to say... I’m not too worried about the future of coin collecting.

 

Well not quite every single one, but I know what you mean. I am one of the farthest from that age group , but I was one back in 1972 when the college became engaged with Darpa under some other terms with the old IBM mainframe ( new then). I couldn't get much time on it , so my self and 2 Border Patrol technicians made our own 8008 from some diagrams using BYTE and Kilobaud magazines. I saved both Issues #1. Later I couldn't afford an Apple I. but bought #000140 Apple II,. I spoke with Jobs twice and Woz several times and they were like Rock band People of the time.

Millennials should not be thought of as physical age dates, but as degree of openness and acceptance of new ideas if they suit their apparent needs. There are 15 years old like grandpa and 60+ year olds like you.

Jim

 

I feel similarly. I have a LCS a couple completed 1941-74 Whitman albums to pass out to kids who come into the shop. I also donated enough coins to a Boy Scout Troop do that 15 scouts could get their coin collecting badge. In what seems to be me cheering for myself, what I’m saying is, I also try to give to kids to spark an interest in collecting. I’m certain everyone does the same, and it’s how we keep this going.

 

That sentence was intended as a whole. Every single one of you who are trashing millennials. Not everyone here is doing that. I certainly didn’t intend to include you in that statement.

I worry about this getting political, but when we refuse to define something, anyone can be it and anyone can not be it at the exact same time. Without clear delineation, the word has no meaning. Millennial has become the polar opposite of the army’s “Hooah”, which is literally anything affirmative or positive. Millennial might as well be a curse word. It is my opinion that as people get older and fear the change they see, they decry it as evil, wrong, whatever, to help normalize their old and dying ways. Normally I laugh off such silly conceptions that millennials are destroying the world, but sometimes people need a dose of reality and/or perspective.

 

I'm unaware of any formal studies, however it's qualitative insight based on what can be reasonable extrapolated from obvious empirical evidence. You may not understand this (because life is unfair and intelligence isn't distributed equally) or be cognitively capable of arriving at this conclusion without someone showing you a 'study', but it's pretty obvious to a lot of people.

Show me a statistic that proves (statistically) Hawaiians got fatter after processed foods were introduced to the island and the reason was processed foods and not something else.

I'll wait here...

You cannot provide any such statistics even though it's the logical inference from what's empirically obvious. The thing is, some people are just hilariously dumb at that sort of thing, so they're genuinely confused about trends like this and truly cannot make rational causal estimation themselves.

(PS, Einstein. Your sniveling and sobbing posts are millennial-stereotype to a tee. Of course, you genuinely don't understand this, so I'll go ahead and commission a 'study' to help you understand using statistics.. Edited: Read the rules on Abbreviations!)

 

They have a word for that.
It's called "Pollyanna".

https://www.zdnet.com/article/can-the-internet-replace-traditional-media/

"Bah gum, I'm seeing plenty of people still buying magazines and newspapers! Show me a statistic that says this internet thing is going to disrupt print media!" - most print media entities, circa 1990's, in response to wiser and more savvy people warning that they were in front of an existential trend.