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<p>[QUOTE=&quot;NSP, post: 4789117, member: 74849&quot;]I doubt that it’s that high, but not a bad thought process. I’ll try to come up with a lower bound...</p><p><br /></p><p>Recently the Mint has been selling ~500,000 proof ASEs and proof sets per year. A lot of these sets were bought by collectors as duplicates or bought in bulk by dealers, but on the other hand, a lot of collectors (like me) don’t buy proof ASEs or proof sets annually (i.e., these offset to an extent). So, I’d be willing to wager that each sale of a proof ASE or proof set represents one collector (on average). So that would be at least ~500,000 coin collectors in the US.</p><p><br /></p><p>To go a little further, PCGS estimates that there are nearly 1,000,000 1884-CC Morgan dollars still in existence. The vast majority of these coins were released in the GSA sales, so I feel reasonably confident in PCGS’s survival estimate. These coins trade at a premium to melt, so I’m guessing that there are more coin collectors than there are 1884-CC Morgan dollars. Granted, some Morgan collectors have multiples of this date, but if there were only 100,000 coin collectors, they probably wouldn’t be worth a whole lot more than melt value because there wouldn’t be enough collector demand to support the prices. So based on this, I’m reasonably confident that there are more than 1,000,000 coin collectors in the US.</p><p><br /></p><p>I don’t know how much further this could be taken, but it certainly is interesting to ponder.[/QUOTE]</p><p><br /></p>

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