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<p>[QUOTE="Vess1, post: 570725, member: 13650"]Interesting post. The population increasing could have significant impact. But then you also have to ask what percentage of this population increase will be middle class or above with the expendable income available to buy a 1909-S VDB? Most middle class families can't afford one now or it would be a major undertaking. Then of that percentage that could afford one, what percentage will be into coin collecting? Of that percentage, what percentage will be into collecting wheat pennies? Will the next generation continue to have interest in the hobby like there is now? Is it growing? Or will they be distracted with ever new and evolving hobbies and technologies? </p><p><br /></p><p> A lot of questions to be answered. You may be on the right track. But I've often wondered if it could go the other way too and eventually prices go down. How many young people growing up in the next generation will never see some of these old coins because their parents sold what their grandparents handed down, years ago? Are the old coins in general spread out and spreading out more, or becoming more consolidated, belonging to fewer people because people needed to sell them for gas money? </p><p> The way costs are rising and jobs and pensions are disappearing, there may just be fewer and fewer people who can afford to get into the hobby and buy those keys everybody wants. It could force prices down actually. </p><p> I don't see an influx of 75 million illegal immigrants as having a big impact on the hobby. The exploding population isn't from middle class families having more kids. That's a fact.</p><p><br /></p><p> One thing that will raise the value by default is inflation. The silent killer of any investment or anything we buy but few people think about. I have no doubt that in 20+ years, the dollars it takes to buy some of this stuff will increase much faster than the average guy's wages. </p><p><br /></p><p> Check out the collector's guide to collecting and investing in rare coins. He shows what coins could have been had for in the mid 50s, 70s and present day. It's a laugh. Sure, a dollar was worth a lot more in the 50s but the prices look to have been much more affordable then, than they are now, for the high grade, keys. What used to be a couple day's pay might be a couple month's pay now.</p><p><br /></p><p> As far as moderns, collect what you like but don't look at it as a big investment. The mintage numbers are so high with most modern stuff that there's no risk of most issues ever being in high enough to demand to be considered rare. Perfect planchets, and fine tuned minting methods are the norm also. There's no such thing as finding a rare 2008 nickel with a great strike. Early large cents is a different story.</p><p><br /></p><p> Old rare stuff should always be in demand. Collect the modern stuff you like for the fun of it. They have some great commemoratives out.[/QUOTE]</p><p><br /></p>
[QUOTE="Vess1, post: 570725, member: 13650"]Interesting post. The population increasing could have significant impact. But then you also have to ask what percentage of this population increase will be middle class or above with the expendable income available to buy a 1909-S VDB? Most middle class families can't afford one now or it would be a major undertaking. Then of that percentage that could afford one, what percentage will be into coin collecting? Of that percentage, what percentage will be into collecting wheat pennies? Will the next generation continue to have interest in the hobby like there is now? Is it growing? Or will they be distracted with ever new and evolving hobbies and technologies? A lot of questions to be answered. You may be on the right track. But I've often wondered if it could go the other way too and eventually prices go down. How many young people growing up in the next generation will never see some of these old coins because their parents sold what their grandparents handed down, years ago? Are the old coins in general spread out and spreading out more, or becoming more consolidated, belonging to fewer people because people needed to sell them for gas money? The way costs are rising and jobs and pensions are disappearing, there may just be fewer and fewer people who can afford to get into the hobby and buy those keys everybody wants. It could force prices down actually. I don't see an influx of 75 million illegal immigrants as having a big impact on the hobby. The exploding population isn't from middle class families having more kids. That's a fact. One thing that will raise the value by default is inflation. The silent killer of any investment or anything we buy but few people think about. I have no doubt that in 20+ years, the dollars it takes to buy some of this stuff will increase much faster than the average guy's wages. Check out the collector's guide to collecting and investing in rare coins. He shows what coins could have been had for in the mid 50s, 70s and present day. It's a laugh. Sure, a dollar was worth a lot more in the 50s but the prices look to have been much more affordable then, than they are now, for the high grade, keys. What used to be a couple day's pay might be a couple month's pay now. As far as moderns, collect what you like but don't look at it as a big investment. The mintage numbers are so high with most modern stuff that there's no risk of most issues ever being in high enough to demand to be considered rare. Perfect planchets, and fine tuned minting methods are the norm also. There's no such thing as finding a rare 2008 nickel with a great strike. Early large cents is a different story. Old rare stuff should always be in demand. Collect the modern stuff you like for the fun of it. They have some great commemoratives out.[/QUOTE]
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