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<p>[QUOTE="Jason.A, post: 3160332, member: 87620"]I wouldn't worry as much with coins (or especially bullion) as those other hobbies. </p><p><br /></p><p>A big reason for the crash of things like Beanie Babies or sports cards is that those things were made specifically to collect, for collectors. The producers of those items glutted the market with more and more of it. Eventually, collectors just said enough. There was so much of it that it became cheap to obtain.</p><p><br /></p><p>Things like GI Joes, Barbies, Transformers, and other 80s toys are a little different. Those were very collectible 10, 15 years ago because all the 80s kids were hitting a period in their lives (25-40) where they suddenly had lots of excess income and were interested in remembering their childhoods. It was the fashionable thing to collect then. But now, all the kids who grew up in the 80s are reaching their late 40s+ and are less interested in such things.</p><p><br /></p><p>Perhaps will see a wave of 90s nostalgia next? I don't know. </p><p><br /></p><p>But what I am more confident in is that coins are an enduring collectible for all generations. And that they are an item not produced for the purpose of collecting. There is a finite number of numismatics, and they were made generally for something completely different than collecting, so people didn't hoard them thinking they'd make money later. Thus, there's a limited amount of them to collect. (Of course, newer coins are often made for collectors, but I am not counting those).</p><p><br /></p><p>Then of course there is also bullion, which has a metal value attached to it that has nothing to do with collectibility. That's a safe collectible because it has a non collectible value. Collecting bullion is like collecting money. There's really no risk besides that you could have made more money with that money had you put it into investments instead.[/QUOTE]</p><p><br /></p>
[QUOTE="Jason.A, post: 3160332, member: 87620"]I wouldn't worry as much with coins (or especially bullion) as those other hobbies. A big reason for the crash of things like Beanie Babies or sports cards is that those things were made specifically to collect, for collectors. The producers of those items glutted the market with more and more of it. Eventually, collectors just said enough. There was so much of it that it became cheap to obtain. Things like GI Joes, Barbies, Transformers, and other 80s toys are a little different. Those were very collectible 10, 15 years ago because all the 80s kids were hitting a period in their lives (25-40) where they suddenly had lots of excess income and were interested in remembering their childhoods. It was the fashionable thing to collect then. But now, all the kids who grew up in the 80s are reaching their late 40s+ and are less interested in such things. Perhaps will see a wave of 90s nostalgia next? I don't know. But what I am more confident in is that coins are an enduring collectible for all generations. And that they are an item not produced for the purpose of collecting. There is a finite number of numismatics, and they were made generally for something completely different than collecting, so people didn't hoard them thinking they'd make money later. Thus, there's a limited amount of them to collect. (Of course, newer coins are often made for collectors, but I am not counting those). Then of course there is also bullion, which has a metal value attached to it that has nothing to do with collectibility. That's a safe collectible because it has a non collectible value. Collecting bullion is like collecting money. There's really no risk besides that you could have made more money with that money had you put it into investments instead.[/QUOTE]
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