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Have the culture of coin collecting changed?
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<p>[QUOTE="longnine009, post: 26401554, member: 1886"]I posted about this at least 3 times in CT with no replies but since you ask: The biggest change *and threat* to coin collecting, IMO, is an acceleration in the diminishing marginal utility of coins. This is not as "technical" as it sounds. It just means that more and more of the same gives less less satisfaction. It even affects billionaires who want to save the world now because they are bored with money.</p><p><br /></p><p>The internet has speeded up everything and increased choices. No one has to wait until next month's coin show to look at the same stuff recycled to a different table. Coin buying is open 24/7/365. It's becomes too much, too fast and we risk getting "burned out."</p><p><br /></p><p><a href="https://www.investopedia.com/terms/l/lawofdiminishingutility.asp" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.investopedia.com/terms/l/lawofdiminishingutility.asp" rel="nofollow">https://www.investopedia.com/terms/l/lawofdiminishingutility.asp</a>[/QUOTE]</p><p><br /></p>
[QUOTE="longnine009, post: 26401554, member: 1886"]I posted about this at least 3 times in CT with no replies but since you ask: The biggest change *and threat* to coin collecting, IMO, is an acceleration in the diminishing marginal utility of coins. This is not as "technical" as it sounds. It just means that more and more of the same gives less less satisfaction. It even affects billionaires who want to save the world now because they are bored with money. The internet has speeded up everything and increased choices. No one has to wait until next month's coin show to look at the same stuff recycled to a different table. Coin buying is open 24/7/365. It's becomes too much, too fast and we risk getting "burned out." [URL]https://www.investopedia.com/terms/l/lawofdiminishingutility.asp[/URL][/QUOTE]
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