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Are the collectors going to die off?
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<p>[QUOTE="Conder101, post: 838413, member: 66"]If the trend I have been observing continues then yes I would say the collectors will eventually die out.</p><p><br /></p><p>Over the past 38 years that I have been collecting, the average age of the collectors in the local clubs I belong to has increased. In 1975 it was 55 years. In 2008 it was 56 years. This is a full year of average age in only a 33 year period. If we take the assumption that when the average age reaches 80years we can assume that coin collecting has died out, then we will reach that point in only 792 years. Of course due to the rising overall population, even as the average age rises we should see the absolute number of collectors continuing to grow. (Demand would remain high but the turnover time for coins going into a collection and then coming back out as the collection is liquidated due to the demise of the owner would decrease.) And this does not take into account any unforeseen occurrences that might result in an increase in collecting among a younger age group which would delay the expected dying out in 2802[/QUOTE]</p><p><br /></p>
[QUOTE="Conder101, post: 838413, member: 66"]If the trend I have been observing continues then yes I would say the collectors will eventually die out. Over the past 38 years that I have been collecting, the average age of the collectors in the local clubs I belong to has increased. In 1975 it was 55 years. In 2008 it was 56 years. This is a full year of average age in only a 33 year period. If we take the assumption that when the average age reaches 80years we can assume that coin collecting has died out, then we will reach that point in only 792 years. Of course due to the rising overall population, even as the average age rises we should see the absolute number of collectors continuing to grow. (Demand would remain high but the turnover time for coins going into a collection and then coming back out as the collection is liquidated due to the demise of the owner would decrease.) And this does not take into account any unforeseen occurrences that might result in an increase in collecting among a younger age group which would delay the expected dying out in 2802[/QUOTE]
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