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<p>[QUOTE="World Colonial, post: 2431450, member: 78153"]GoldTE="John King, post: 2431404, member: 78398"] I have thought that very good examples of coins the baby boomers saw in their pockets might be valuable in the next 10-15 years because of nostalgia. Nice Buffalos, Mercury dimes, SLQ's and Walkers along with Morgans are a good place to start. If gold returns to its average inflation adjusted mean average price then gold coins might be worth collecting. [/QUOTE]</p><p><br /></p><p>This is one of the biggest and most common misperceptions. There isn't any evidence to demonstrate that nostalgia has this effect except in isolation. It's possible to point to isolated and specific examples where this applies but never in the aggregate because it is pure speculation to claim it.</p><p><br /></p><p>A collector who wants to satisfy their nostalgia can do so for a miniscule fraction that would otherwise be spent for "investment" purposes.</p><p><br /></p><p>Of the series you listed, my prediction is that most of the coins are likely to be money losers measured in constant money, if not in 10 years then certainly in 20. Gold and Morgans excepted since I expect higher metal prices.</p><p><br /></p><p>Most of these coins are incredibly common.</p><p><br /></p><p>They are already among the most popular series when measured by the number of collectors paying noticeable premiums to face value. I believe their outsized popularity is an outcome of album collecting out of pocket change and bank rolls in the 1960's. They will stay popular because many collectors will still like them but no one is predominantly limited to these coins as they were in the 1960's.</p><p><br /></p><p>The collector base in the US is likely to shrink or grow minimally because most people are far more likely to be worse off later than they are now. The typical savings challenged baby boomer is flat broke, most will be in no position to pay much higher prices and its anyone's guess whether the low percentage who are affluent will be collectors or spend more.</p><p><br /></p><p>Some of these coins are already very expensive compared to the alternatives given their numismatic merits.[/QUOTE]</p><p><br /></p>
[QUOTE="World Colonial, post: 2431450, member: 78153"]GoldTE="John King, post: 2431404, member: 78398"] I have thought that very good examples of coins the baby boomers saw in their pockets might be valuable in the next 10-15 years because of nostalgia. Nice Buffalos, Mercury dimes, SLQ's and Walkers along with Morgans are a good place to start. If gold returns to its average inflation adjusted mean average price then gold coins might be worth collecting. [/QUOTE] This is one of the biggest and most common misperceptions. There isn't any evidence to demonstrate that nostalgia has this effect except in isolation. It's possible to point to isolated and specific examples where this applies but never in the aggregate because it is pure speculation to claim it. A collector who wants to satisfy their nostalgia can do so for a miniscule fraction that would otherwise be spent for "investment" purposes. Of the series you listed, my prediction is that most of the coins are likely to be money losers measured in constant money, if not in 10 years then certainly in 20. Gold and Morgans excepted since I expect higher metal prices. Most of these coins are incredibly common. They are already among the most popular series when measured by the number of collectors paying noticeable premiums to face value. I believe their outsized popularity is an outcome of album collecting out of pocket change and bank rolls in the 1960's. They will stay popular because many collectors will still like them but no one is predominantly limited to these coins as they were in the 1960's. The collector base in the US is likely to shrink or grow minimally because most people are far more likely to be worse off later than they are now. The typical savings challenged baby boomer is flat broke, most will be in no position to pay much higher prices and its anyone's guess whether the low percentage who are affluent will be collectors or spend more. Some of these coins are already very expensive compared to the alternatives given their numismatic merits.[/QUOTE]
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