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Do 21st Century Coin Collecting Methods Drive Prices Down and Hurt our Hobby?
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<p>[QUOTE="coin0709, post: 3073431, member: 37995"]Hi Friends,</p><p>I am wondering how many of us build our collections almost exclusively from 'business purchases' and/or 'business profits from cherry-picking'? I am exclusively a US circulating coin collector and a very small time dealer here in SC. I place ads in local circulars, have a google page, and a Yelp page for my registered business. My opinion is, if we continue to buy coins this way we are going to drive prices down on many coins because we likely buy low and are willing to sell lower than brick and mortar dealers that have large overhead.</p><p><br /></p><p>When I do splurge on coins for my collection, I never pay full blown retail at shows or at local coin shops and instead cherry-pick online (eBay, Facebook groups, etc). I only collect raw coins as you might expect. With a limited budget and a need to save for 3 college tuitions, in this way I've still been blessed enough to build a pretty respectable collection I think. I'd love to hear from others. What is the state of our hobby in terms of how we collect and its impact on future pricing? Is our hobby on a downward trend in terms of pricing and popularity w/ younger folks? Thanks.[/QUOTE]</p><p><br /></p>
[QUOTE="coin0709, post: 3073431, member: 37995"]Hi Friends, I am wondering how many of us build our collections almost exclusively from 'business purchases' and/or 'business profits from cherry-picking'? I am exclusively a US circulating coin collector and a very small time dealer here in SC. I place ads in local circulars, have a google page, and a Yelp page for my registered business. My opinion is, if we continue to buy coins this way we are going to drive prices down on many coins because we likely buy low and are willing to sell lower than brick and mortar dealers that have large overhead. When I do splurge on coins for my collection, I never pay full blown retail at shows or at local coin shops and instead cherry-pick online (eBay, Facebook groups, etc). I only collect raw coins as you might expect. With a limited budget and a need to save for 3 college tuitions, in this way I've still been blessed enough to build a pretty respectable collection I think. I'd love to hear from others. What is the state of our hobby in terms of how we collect and its impact on future pricing? Is our hobby on a downward trend in terms of pricing and popularity w/ younger folks? Thanks.[/QUOTE]
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Do 21st Century Coin Collecting Methods Drive Prices Down and Hurt our Hobby?
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