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<p>[QUOTE=&quot;-jeffB, post: 1482889, member: 27832&quot;]And I still disagree.</p><p><br /></p><p>The circle of life in numismatics is the same as it ever was.</p><p><br /></p><p>Kids get interested when they find coins in circulation, or when they get them from grandparents or other adults. They buy some from dealers (at full retail, most likely).</p><p><br /></p><p>Some stay interested. Most lose interest, and either put their coins back into circulation, sell them to dealers (at a substantial markdown), or put them away.</p><p><br /></p><p>As adults, some regain their interest (or get interested for the first time). Some search for coins in circulation, but more frequently they buy from dealers (at full retail).</p><p><br /></p><p>When children or grandchildren come along, the adults may pass down some of their coins, hoping to kindle interest in the next generation. Or, the adults may lose interest or fall on hard times, and sell their collections to dealers (at a substantial markdown).</p><p><br /></p><p>When the adult collectors die, their coins may go to family members who collect, or to family members who aren&#039;t interested. Those latter members will either sell the collections to dealers (at an even more substantial markdown), or cash them in at the bank (putting them back into circulation).</p><p><br /></p><p>I&#039;m not sure there&#039;s anything about this process that&#039;s changed in the last hundred years, and maybe longer than that.[/QUOTE]</p><p><br /></p>

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