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Has roll collecting (hoarding) ruined our hobby?
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<p>[QUOTE="jetshack, post: 444498, member: 11725"]I seriously doubt that hoarding has had any affect on mintages. The number of coins hoarded is minute compared to the total mintages (possibly not in the case of the State Quarter series).</p><p><br /></p><p>I don't see the connection between hoarding and lower book values. The lower book values are due to higher mintage numbers (mainly).</p><p><br /></p><p>If anything the minuscule amount of hoarded coins has probably helped the hobby as it allows young numismatics to build fairly high quality sets at a lower entry price. Once hooked on the hobby it would seem to me they would gravitate to some of the harder sets that contain the true values.</p><p><br /></p><p>As to what "investors" should collect... I have no idea. Investing in coins has never been that profitable... Collecting on the other hand is an entirely different story. If you collect a coin because you like it then it doesn't matter what the book value of the coin goes to. You've got a coin you like... with the possibility that it will rise in value.</p><p><br /></p><p>I think the whole "investing" in coins thing is way overrated and over emphasized. While the concept of collecting is way underrated and under emphasized. </p><p>Just me.[/QUOTE]</p><p><br /></p>
[QUOTE="jetshack, post: 444498, member: 11725"]I seriously doubt that hoarding has had any affect on mintages. The number of coins hoarded is minute compared to the total mintages (possibly not in the case of the State Quarter series). I don't see the connection between hoarding and lower book values. The lower book values are due to higher mintage numbers (mainly). If anything the minuscule amount of hoarded coins has probably helped the hobby as it allows young numismatics to build fairly high quality sets at a lower entry price. Once hooked on the hobby it would seem to me they would gravitate to some of the harder sets that contain the true values. As to what "investors" should collect... I have no idea. Investing in coins has never been that profitable... Collecting on the other hand is an entirely different story. If you collect a coin because you like it then it doesn't matter what the book value of the coin goes to. You've got a coin you like... with the possibility that it will rise in value. I think the whole "investing" in coins thing is way overrated and over emphasized. While the concept of collecting is way underrated and under emphasized. Just me.[/QUOTE]
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Has roll collecting (hoarding) ruined our hobby?
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