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Gold Kennedys not so hot on Ebay
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<p>[QUOTE="-jeffB, post: 1965825, member: 27832"]I'd say the <i>hobby</i> is still robust, and will remain so.</p><p><br /></p><p>A lot of people will get left holding the bag when the current "Beanie Labels" ("Label Babies?") frenzy implodes, just like they did when the Hunt Brothers silver scheme imploded, or the "Rare Coins in your IRA" scheme, or any of the other fads that have come and gone.</p><p><br /></p><p>These booms and busts have had short-term effects on the values of some nicer coins, but it seems like the long-term trends remain stable. And none of them have had much effect on the kids' Lincoln Cent folders or State/ATB Quarter collections.</p><p><br /></p><p>Now, big chunks of the hobby rely on <i>dealers</i>, and some of <i>them</i> will likely suffer and fail as a result of the current frenzy -- again, just as they did with the silver rush, or the IRA rush. It's part of the risk of being a dealer. But, again, I think the hobby's too big to be at risk.[/QUOTE]</p><p><br /></p>
[QUOTE="-jeffB, post: 1965825, member: 27832"]I'd say the [I]hobby[/I] is still robust, and will remain so. A lot of people will get left holding the bag when the current "Beanie Labels" ("Label Babies?") frenzy implodes, just like they did when the Hunt Brothers silver scheme imploded, or the "Rare Coins in your IRA" scheme, or any of the other fads that have come and gone. These booms and busts have had short-term effects on the values of some nicer coins, but it seems like the long-term trends remain stable. And none of them have had much effect on the kids' Lincoln Cent folders or State/ATB Quarter collections. Now, big chunks of the hobby rely on [I]dealers[/I], and some of [I]them[/I] will likely suffer and fail as a result of the current frenzy -- again, just as they did with the silver rush, or the IRA rush. It's part of the risk of being a dealer. But, again, I think the hobby's too big to be at risk.[/QUOTE]
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