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Do you think that coronavirus could affect numismatic market ?
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<p>[QUOTE="TypeCoin971793, post: 4173892, member: 78244"]When the novel Coronavirus spreads through the US, it would likely take several months to run its course. By far the most affected would be the elderly and people with immunodeficiency disorders, and that could have a dramatic effect on the coin market since much of the collector base is older than 60. People would also panic and there will be a significant (but temporary) economic downturn as people refuse to go to work or can’t because they are sick. </p><p><br /></p><p>If the death rate is as bad in the US as it is in China (unlikely), then much of the older collector base could be wiped out, and several dealers could also be put out of commission. This would cause a huge amount of coins to enter the market that will (temporarily?) cause values to dramatically decrease. On the other hand, the economic Medicare burden would be greatly relieved for a decade or two, which could result in some benefits.</p><p><br /></p><p>Of course this assumes no vaccine, that the virus completely distributes itself to all people, and that the death rate is as bad as it is in China. Of course this is the worst-case scenario, so I am hoping it does not come to fruition. I highly doubt it will be remotely that bad.[/QUOTE]</p><p><br /></p>
[QUOTE="TypeCoin971793, post: 4173892, member: 78244"]When the novel Coronavirus spreads through the US, it would likely take several months to run its course. By far the most affected would be the elderly and people with immunodeficiency disorders, and that could have a dramatic effect on the coin market since much of the collector base is older than 60. People would also panic and there will be a significant (but temporary) economic downturn as people refuse to go to work or can’t because they are sick. If the death rate is as bad in the US as it is in China (unlikely), then much of the older collector base could be wiped out, and several dealers could also be put out of commission. This would cause a huge amount of coins to enter the market that will (temporarily?) cause values to dramatically decrease. On the other hand, the economic Medicare burden would be greatly relieved for a decade or two, which could result in some benefits. Of course this assumes no vaccine, that the virus completely distributes itself to all people, and that the death rate is as bad as it is in China. Of course this is the worst-case scenario, so I am hoping it does not come to fruition. I highly doubt it will be remotely that bad.[/QUOTE]
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