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Is numismatics going the way of philately?
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<p>[QUOTE="Jwt708, post: 2114741, member: 32619"]Hmm...Interesting point [USER=71723]@V. Kurt Bellman[/USER] about this hobby and common man collecting. Guess I haven't considered it from that perspective. I think common man collecting will likely remain even in the event of a significant downturn in mid-range coins for the same reasons new collectors come to the hobby in the first place - because they're attracted to coins! I personally had no interest in the coin market before I started collecting - I just thought it would be cool to one day give my son a set of coins that were in use 100 years before he was born along with a set of coins from his birth year. I didn't give a thought to how circulated grades of Barbers were worth melt where they previously carried a numismatic premium, never heard of the 1950 D nickels and the prices they were sold for, or Morgans losing value once the GSA horde was unveiled to the public. I wanted something historic and tangible to pass along and I think coins will always have that attraction. I am absolutely a common man and my coins are my most prized possession. I don't think I'm alone in this mindset either. Heck, it would be great for me if classic coinage takes a big hit too then maybe I can get in on some of the action! I don't think numismatics will ever die off as a hobby because they are money and everyone likes money.[/QUOTE]</p><p><br /></p>
[QUOTE="Jwt708, post: 2114741, member: 32619"]Hmm...Interesting point [USER=71723]@V. Kurt Bellman[/USER] about this hobby and common man collecting. Guess I haven't considered it from that perspective. I think common man collecting will likely remain even in the event of a significant downturn in mid-range coins for the same reasons new collectors come to the hobby in the first place - because they're attracted to coins! I personally had no interest in the coin market before I started collecting - I just thought it would be cool to one day give my son a set of coins that were in use 100 years before he was born along with a set of coins from his birth year. I didn't give a thought to how circulated grades of Barbers were worth melt where they previously carried a numismatic premium, never heard of the 1950 D nickels and the prices they were sold for, or Morgans losing value once the GSA horde was unveiled to the public. I wanted something historic and tangible to pass along and I think coins will always have that attraction. I am absolutely a common man and my coins are my most prized possession. I don't think I'm alone in this mindset either. Heck, it would be great for me if classic coinage takes a big hit too then maybe I can get in on some of the action! I don't think numismatics will ever die off as a hobby because they are money and everyone likes money.[/QUOTE]
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