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Is numismatics going the way of philately?
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<p>[QUOTE="Endeavor, post: 2111667, member: 60292"]Some folks like the "endless variety", but the question OP is essentially asking is... will too much variety and production for the sake of continually increasing revenue (for the Mint) kill coin collecting in the future? This is a question I've thought about long and hard. Although I don't believe coin collecting will fall as hard or fast as stamp collecting (Paper vs metal. Also coins are used much more widely so it will have longer lasting nostalgic effect), I do think it will become less and less popular over the coming decades and therefore less and less valuable.</p><p><br /></p><p>Many variations of coins ALONG WITH high quantities are being produced. Too many different options with each option not being rare is a recipe for implosion of value. When the mint and the dealers milk every last drop out of collectors, the market crashes and everyone's collection will lose value. Collections that have a majority of their value in modern coins will take the biggest losses. However, even those with rare/scarce classic coins (18th and 19th century) will realize a drop in their value. The drop in values will create a compounding cycle which will make collecting even less popular which then lowers prices even more. The cycle will perpetuate itself over and over again until coins are basically worthless.</p><p><br /></p><p>I don't think there is any denying that coin collecting is at an all time high in popularity now. All the shows across the country are packed. Last year dealers paid bums to stand in line for Kennedy 50th Anniversary release. I think we're currently in a bubble and that this pace cannot be sustained. History shows us what happens next.[/QUOTE]</p><p><br /></p>
[QUOTE="Endeavor, post: 2111667, member: 60292"]Some folks like the "endless variety", but the question OP is essentially asking is... will too much variety and production for the sake of continually increasing revenue (for the Mint) kill coin collecting in the future? This is a question I've thought about long and hard. Although I don't believe coin collecting will fall as hard or fast as stamp collecting (Paper vs metal. Also coins are used much more widely so it will have longer lasting nostalgic effect), I do think it will become less and less popular over the coming decades and therefore less and less valuable. Many variations of coins ALONG WITH high quantities are being produced. Too many different options with each option not being rare is a recipe for implosion of value. When the mint and the dealers milk every last drop out of collectors, the market crashes and everyone's collection will lose value. Collections that have a majority of their value in modern coins will take the biggest losses. However, even those with rare/scarce classic coins (18th and 19th century) will realize a drop in their value. The drop in values will create a compounding cycle which will make collecting even less popular which then lowers prices even more. The cycle will perpetuate itself over and over again until coins are basically worthless. I don't think there is any denying that coin collecting is at an all time high in popularity now. All the shows across the country are packed. Last year dealers paid bums to stand in line for Kennedy 50th Anniversary release. I think we're currently in a bubble and that this pace cannot be sustained. History shows us what happens next.[/QUOTE]
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