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How long till memorials become like wheats?
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<p>[QUOTE="Neal, post: 3124497, member: 43872"]It seems more likely to me that, as far as circulation is concerned, memorials, and shields too for that matter, in the not-too-distant future will become more like half cents when cents are no longer produced. I wonder how long after 1857 could you still find or use one in trade?</p><p><br /></p><p>Whether there will still be enough collectors of minor coins around to make any of them worth anything will be more of a determiner of value than numbers of surviving coins. There are really at least two different hobbies in coin collecting. One is comprised of those who collect relatively common coins, largely from circulation. The other is made of those who collect scarce or rare coins, mostly from sales, more like the antique market. Most of us started out as the former as youngsters searching through change for unusual dates. In my youth (1950s-1960s) it was to put together a set of buffalo nickels or Lincoln cents (never did either). We graduated to spending a little time and money at a coin shop or buying through ads in Coin World. Now, as money allows, we shop auctions in person or on line, and the really rich pay thousands or even millions for those great rarities. How often do those who spend a few thousand dollars for coins still search rolls for wheat cents? The "antique" coin collector will always be around, as they have since the Renaissance. But two factors may greatly diminish the number of circulation collectors. One is the flooding of circulation with too many types, as has been referred to already in this thread. But a greater threat is electronic payments. Many young people today are not interested in collecting something they don't often use or see. Without the circulation collectors, the minor coins will be worth very little.[/QUOTE]</p><p><br /></p>
[QUOTE="Neal, post: 3124497, member: 43872"]It seems more likely to me that, as far as circulation is concerned, memorials, and shields too for that matter, in the not-too-distant future will become more like half cents when cents are no longer produced. I wonder how long after 1857 could you still find or use one in trade? Whether there will still be enough collectors of minor coins around to make any of them worth anything will be more of a determiner of value than numbers of surviving coins. There are really at least two different hobbies in coin collecting. One is comprised of those who collect relatively common coins, largely from circulation. The other is made of those who collect scarce or rare coins, mostly from sales, more like the antique market. Most of us started out as the former as youngsters searching through change for unusual dates. In my youth (1950s-1960s) it was to put together a set of buffalo nickels or Lincoln cents (never did either). We graduated to spending a little time and money at a coin shop or buying through ads in Coin World. Now, as money allows, we shop auctions in person or on line, and the really rich pay thousands or even millions for those great rarities. How often do those who spend a few thousand dollars for coins still search rolls for wheat cents? The "antique" coin collector will always be around, as they have since the Renaissance. But two factors may greatly diminish the number of circulation collectors. One is the flooding of circulation with too many types, as has been referred to already in this thread. But a greater threat is electronic payments. Many young people today are not interested in collecting something they don't often use or see. Without the circulation collectors, the minor coins will be worth very little.[/QUOTE]
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