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Has roll collecting (hoarding) ruined our hobby?
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<p>[QUOTE="Pocket Change, post: 444516, member: 8012"]I think that hoarding/investing hurts the hobby mainly in recent issues. Otherwise, explain to me how the 1999 Silver Proof set is through the roof. And don't give me the crap about end of the millenia, first year of state quarters, etc. You have people who have many more than they need.</p><p><br /></p><p>Same probably goes for the 2001-S Sac Proof, 1999 SBA Proof, a lot of the silver MS-6x Roosevelts, and so on.</p><p><br /></p><p>Basically, it's cheaper and more realistic to hoard the current stuff as it comes out. At some point, you get your price (if at all) and you sell, thus diluting the market and eventually lowering prices. Could I see a show of hands of how many people have rolls of the recent year Lincolns? Prez Dollars? What - you doing it for the heck of it? Just so some of your unused closet space gets used?</p><p><br /></p><p>I can't imagine that anyone is STARTING to hoard the 1999 Silver Proof sets now! Same goes for the paper money collectors. Many people can hoard $1 star notes all day long, but the boys start getting separated from the men when you start talking about saving $20's and $50's!</p><p><br /></p><p>Long and short, there are many, many people trying to make a buck out of this. Some will, most probably won't. But it's the human spirit, people will keep trying no matter what the odds. Oh and just to be inclusive, I'm also talking about those that are saving 'em for the grandkids - result is the same.[/QUOTE]</p><p><br /></p>
[QUOTE="Pocket Change, post: 444516, member: 8012"]I think that hoarding/investing hurts the hobby mainly in recent issues. Otherwise, explain to me how the 1999 Silver Proof set is through the roof. And don't give me the crap about end of the millenia, first year of state quarters, etc. You have people who have many more than they need. Same probably goes for the 2001-S Sac Proof, 1999 SBA Proof, a lot of the silver MS-6x Roosevelts, and so on. Basically, it's cheaper and more realistic to hoard the current stuff as it comes out. At some point, you get your price (if at all) and you sell, thus diluting the market and eventually lowering prices. Could I see a show of hands of how many people have rolls of the recent year Lincolns? Prez Dollars? What - you doing it for the heck of it? Just so some of your unused closet space gets used? I can't imagine that anyone is STARTING to hoard the 1999 Silver Proof sets now! Same goes for the paper money collectors. Many people can hoard $1 star notes all day long, but the boys start getting separated from the men when you start talking about saving $20's and $50's! Long and short, there are many, many people trying to make a buck out of this. Some will, most probably won't. But it's the human spirit, people will keep trying no matter what the odds. Oh and just to be inclusive, I'm also talking about those that are saving 'em for the grandkids - result is the same.[/QUOTE]
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Has roll collecting (hoarding) ruined our hobby?
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