Mint sets vs Albums

Discussion in 'Coin Chat' started by HOLLYWOOD, Jan 21, 2016.

  1. cladking

    cladking Coin Collector

    The next generation of collectors will be people who were children within the last couple decades and collected states quarters. It doesn't matter how hard collectors today work to keep them away, they will be the next generation of collectors.

    I don't know what they'll collect but I sure know what attracted them to the hobby in the first place.

    Here's your demand!! The scarcity is out there right now hiding in mint sets in plain sight that people are just ignoring. If these two come together then you're right, there's going to be thunder and lightning.
     
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  3. cladking

    cladking Coin Collector

    Let me put it another way; the common wisdom is always wrong. The common wisdom is that mint and proof sets are a waste of money and they go down every year. When the last person gets on board with this it will change. Then someday when things change and everyone believes sets are great investments the last person to get on board with that will cause the crash.

    Nothing ever really changes.
     
  4. ewomack

    ewomack 魚の下着

    I agree that nothing ever, or at least rarely, changes and I second your distrust of "the common wisdom." Things will likely go in cycles as you suggest. Up and down, in and out. All along the way many people will say that "they know" which way things will go. Sometimes they'll be right and sometimes they'll be wrong. Their inability to prove that their correct predictions were nothing more than luck or circumstance will also continue.

    One big unknown in the next 20-50 years is the future of coinage and physical money in general. Though of course no one knows for sure, there is a chance, a decent one, that coins will go the way of the HTML hand coder in the future. Again this could go either way. This could make coins rarer and more appealing than ever and cause their values to soar. It could also soak up any energy the hobby had remaining and cause a drastic diminishment of the hobby over generations. This would not only impact mint sets but everything.

    No one really knows. But it's always fun to speculate.
     
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