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<p>[QUOTE=&quot;cladking, post: 1482922, member: 68&quot;]This is pretty much the way it&#039;s always been though in the distant past this was just the hobby of kings.&nbsp; Princes became the new generation of collectors.&nbsp; This hasn&#039;t changed and might never change.</p><p><br /></p><p>What is different now and unlike anything ever seen before is the strange and otherworldly demographic that &quot;afflicts&quot; the coin market.&nbsp; This demographic could be seen coming since the days of the Bible bill so it shouldn&#039;t have sneeked up on anyone.&nbsp; What we have is a strange situation where almost no collectors of any age joined the ranks between 1965 and 1998 (ironically that&#039;s less true at THIS site).&nbsp; Of those few who did join during those years the vast majority collect old coins so they and the rest of the collectors form the market.&nbsp; But the average age here is huge because most coin collectors begin at a very tender age and no such collectors were added for a generation and a half as the ANA and all the coin organs were in strict agreement that moderns sucked and moderns is where most new collectors start.&nbsp; </p><p><br /></p><p>So we have very old collectors who each fit your pattern but we don&#039;t have the young collectors in this country who fit your pattern. Younger collectors are scarce and tend to collect moderns (at least until someone tells them they&#039;re junk).&nbsp; In other countries the demographic is much wider but in this country the average collector is in his 50&#039;s.&nbsp; This is not normal and is caused by the lack of new collectors between 1965 and 1998.&nbsp; New collectors willnot arise automatically just because a father wants to pass down his collection.&nbsp; A collection given to a non-collector will simply be sold and maybe at the corner shop.&nbsp; A collector is born not made.&nbsp; </p><p><br /></p><p>Millions of coin collections will be sold or passed down over the next couple decades (almost all collections).&nbsp; These coins won&#039;t disappear if there aren&#039;t enough willing buyers but will simply cause the prices to readjust.&nbsp; This means we need millions of new advanced collectors.&nbsp; Of course now days a collector can advance much faster than in the past.&nbsp; Thousands of people per day visit sites like this one. </p><p><br /></p><p>The hobby will be virtually unrecognizable going forward.&nbsp; There will be new and younger faces at the coin shows.&nbsp; Of course it will be older collectors who tend to go to shows but &quot;older&quot; in the future will be much younger.&nbsp; There&#039;s simply no way around this even if it weren&#039;t just the hobby because baby boomers make up the bulge throughout the country.&nbsp; It&#039;s more than a mere bulge in the hobby because of the failure to recruit new memberes for more than three decades.&nbsp; </p><p><br /></p><p>It&#039;s a done deal and it&#039;s been a done deal since we all decided that moderns were garbage back in 1965.&nbsp; The baby boomers are what&#039;s left of the hobby from 1965.&nbsp; And most of the hobby is baby boomers.[/QUOTE]</p><p><br /></p>

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