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Do 21st Century Coin Collecting Methods Drive Prices Down and Hurt our Hobby?
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<p>[QUOTE="MixtureNo79, post: 3086128, member: 42957"]I find this post and follow-ups fascinating!</p><p><br /></p><p>GDJMSP I agree with a lot of what you say, but I definitely think coin trading </p><p>is going the way of the internet.</p><p><br /></p><p>Regarding whether this will affect pricing, well that is something completely out of our control, so why are we making such a big deal of it? It has created a much larger market, which, in my opinion, is always a good thing.</p><p><br /></p><p>And I think your definition of a coin dealer is </p><p>questionable. Do they really still live off of what they make selling to other </p><p>dealers and collectors at trade/coin shows? And if they do, are there really </p><p>nearly as many of them as there were 20-30 years ago? It seems you would have to get much more adept at what you do just to make the same amount as before, or at least change your tactics.</p><p><br /></p><p>Again, I think what you are saying is probably true currently, or in the recent </p><p>past, but probably not in the near future. Internet coin sales will take over, and </p><p>old timey coin shows/auctions will die out and be left to the antique stores that may </p><p>still exist years from now.</p><p><br /></p><p>I think one thing to remember is that coins can be seen much more clearly now through close-up pictures/scans which are easily transmittable on the internet, so this can make quite a difference.[/QUOTE]</p><p><br /></p>
[QUOTE="MixtureNo79, post: 3086128, member: 42957"]I find this post and follow-ups fascinating! GDJMSP I agree with a lot of what you say, but I definitely think coin trading is going the way of the internet. Regarding whether this will affect pricing, well that is something completely out of our control, so why are we making such a big deal of it? It has created a much larger market, which, in my opinion, is always a good thing. And I think your definition of a coin dealer is questionable. Do they really still live off of what they make selling to other dealers and collectors at trade/coin shows? And if they do, are there really nearly as many of them as there were 20-30 years ago? It seems you would have to get much more adept at what you do just to make the same amount as before, or at least change your tactics. Again, I think what you are saying is probably true currently, or in the recent past, but probably not in the near future. Internet coin sales will take over, and old timey coin shows/auctions will die out and be left to the antique stores that may still exist years from now. I think one thing to remember is that coins can be seen much more clearly now through close-up pictures/scans which are easily transmittable on the internet, so this can make quite a difference.[/QUOTE]
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Do 21st Century Coin Collecting Methods Drive Prices Down and Hurt our Hobby?
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