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<p>[QUOTE="dougsmit, post: 2742375, member: 19463"]Demand is only partly created by the number of people choosing coins over games. Part of the number is how much disposable income can be directed into the hobby (including those who look at my hobby as their investment portfolio). I once heard a 'name' dealer define a 'serious' collector as one who spent over $1000 on coins a year. I suspect that same dealer would change that number if asked today. The question is not how many teens are buying coins but how many of those teens will enter the hobby sometime in the next 80+ years to replace guys like me who drop dead during that time. No, it is not the number buy the amount that they spend. I admit being amazed at the number of some popular coins in those bags under the table and the price they get for owls and Alexanders and, now I'm told, Cappadocian kings but I usually find something at a show that was the only remotely similar coin there which makes the trip worthwhile. </p><p><br /></p><p>My question to all is IF demand is sliding and if values of your collections are cut in half, will you cry over spilled milk or will you rejoice because you can now afford to buy that coin that is above you today? I would hate to see the coin market tank to the point that dealers could no longer supply my purchasing desires because they could no longer remain in business but the idea that there exists a dozen owls, Alexanders and Cappadocian kings for every collector does not bother me at all. </p><p><br /></p><p>An old friend of mine (in both senses of the word old) tells of buying Roman denarii for melt value when he was young. He bought them then. They were not culls but just finds as they came. If there is no demand remaining, I'll take a few pounds.[/QUOTE]</p><p><br /></p>
[QUOTE="dougsmit, post: 2742375, member: 19463"]Demand is only partly created by the number of people choosing coins over games. Part of the number is how much disposable income can be directed into the hobby (including those who look at my hobby as their investment portfolio). I once heard a 'name' dealer define a 'serious' collector as one who spent over $1000 on coins a year. I suspect that same dealer would change that number if asked today. The question is not how many teens are buying coins but how many of those teens will enter the hobby sometime in the next 80+ years to replace guys like me who drop dead during that time. No, it is not the number buy the amount that they spend. I admit being amazed at the number of some popular coins in those bags under the table and the price they get for owls and Alexanders and, now I'm told, Cappadocian kings but I usually find something at a show that was the only remotely similar coin there which makes the trip worthwhile. My question to all is IF demand is sliding and if values of your collections are cut in half, will you cry over spilled milk or will you rejoice because you can now afford to buy that coin that is above you today? I would hate to see the coin market tank to the point that dealers could no longer supply my purchasing desires because they could no longer remain in business but the idea that there exists a dozen owls, Alexanders and Cappadocian kings for every collector does not bother me at all. An old friend of mine (in both senses of the word old) tells of buying Roman denarii for melt value when he was young. He bought them then. They were not culls but just finds as they came. If there is no demand remaining, I'll take a few pounds.[/QUOTE]
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