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<p>[QUOTE=&quot;cladking, post: 3197469, member: 68&quot;][USER=19165]@physics-fan3.14[/USER]</p><p>&quot;I don&#039;t think you need a study to prove common sense. Boomers were born between 1946 - 1964, meaning they are 54 to 72 years old. You look around the hobby, that is a significant chunk of the coin collecting population - well over half, I would surmise.&quot;</p><p><br /></p><p><br /></p><p><br /></p><p>Yes, well over half of coin collectors are older than 54 but they own 95% of the value of all collectible coins minted before 1965.&nbsp; Older collectors only hold about half the value of all the coins made after 1964.&nbsp;&nbsp; Since most people curtail their hobby activities after retirement this has been and will continue to pressure the value of all coins and especially older coins.&nbsp; </p><p><br /></p><p>Young people are collecting coins, tokens, and medals and their demand will grow over time.&nbsp;&nbsp; There is also demand that is soaring in other major countries and as these collectors evolve they will exert more pressure on US issues.&nbsp; For now the explosive prices are in China, India, and Russia and this demand shows up most dramatically in moderns because the supply of moderns is exceedingly weak.&nbsp; There is a perception that all moderns are common but the reality is most moderns are scarce in pristine condition and some are scarce even in heavily worn condition.&nbsp; This is because most coins from all countries were saved in the US and US collectors saved very few base metal coins.&nbsp; They didn&#039;t want to tie up 10c&nbsp; in a brand new high denomination Indian coin when they could get great old silver and copper coins for a dime.&nbsp; It was almost impossible to get coins from Russia and China and this was fine with US collectors.&nbsp; </p><p><br /></p><p>It&#039;s hardly obvious yet but for most practical purposes the hobby already belongs to a new generation of numismatists.&nbsp; It&#039;s not obvious only because they own so few of the only coins the baby boomers think of as &quot;collectible&quot;.&nbsp; But this will change as surely as the tide going in and out.&nbsp; This new generation will own virtually all the coins in only 20 or 30 years.&nbsp; </p><p><br /></p><p>There will be far more collectors in the future than there were in 1964.&nbsp; Indeed, there are already far more collectors in the world than there were in 1964.[/QUOTE]</p><p><br /></p>

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