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In a distant future without money: will numismatic hobby decline?
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<p>[QUOTE="ewomack, post: 2548007, member: 15588"]I wonder if the mints of the world will keep producing commemoratives even if standard coinage disappears. If people keep buying them, why not mint them? Or perhaps all coinage will go the way of many modern dollar coins: minted exclusively for collectors? Perhaps new coins will exist <i>only</i> for collectors?</p><p><br /></p><p>In any case, if circulating cash vanishes the hobby probably won't vanish with it, but it will likely contract. One major way that new comers find the hobby is by serendipitously spotting something unusual in their pocket change. Then they look it up, research it and find this entire world that no one around them seemed to know existed. Without the constant flow of change passing hands, interest in coinage could very well falter. It will likely become even more niche than it already is. But it will likely always have at least <i>some</i> practitioners. Unfortunately, the fewer people buying and selling a specific thing the lower prices <i>tend </i>to go (this doesn't hold true in every case, of course). Modern coins, of which countless billions already exist, probably won't fare well in such an environment. After all, it's not hard to find a decent Roman Coin over 2,000 years old for $50 - $100. Commonly minted clad moderns, with some exceptions, will probably hold little value if the market contracts too much.</p><p><br /></p><p>But no one knows the future, of course. We can only guess and speculate. Which seems to be fun, regardless of the fact that no one know what they're talking about when it comes to the future.[/QUOTE]</p><p><br /></p>
[QUOTE="ewomack, post: 2548007, member: 15588"]I wonder if the mints of the world will keep producing commemoratives even if standard coinage disappears. If people keep buying them, why not mint them? Or perhaps all coinage will go the way of many modern dollar coins: minted exclusively for collectors? Perhaps new coins will exist [I]only[/I] for collectors? In any case, if circulating cash vanishes the hobby probably won't vanish with it, but it will likely contract. One major way that new comers find the hobby is by serendipitously spotting something unusual in their pocket change. Then they look it up, research it and find this entire world that no one around them seemed to know existed. Without the constant flow of change passing hands, interest in coinage could very well falter. It will likely become even more niche than it already is. But it will likely always have at least [I]some[/I] practitioners. Unfortunately, the fewer people buying and selling a specific thing the lower prices [I]tend [/I]to go (this doesn't hold true in every case, of course). Modern coins, of which countless billions already exist, probably won't fare well in such an environment. After all, it's not hard to find a decent Roman Coin over 2,000 years old for $50 - $100. Commonly minted clad moderns, with some exceptions, will probably hold little value if the market contracts too much. But no one knows the future, of course. We can only guess and speculate. Which seems to be fun, regardless of the fact that no one know what they're talking about when it comes to the future.[/QUOTE]
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