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<p>[QUOTE=&quot;World Colonial, post: 2519670, member: 78153&quot;]The US is the largest numismatic market by a substantial margin.&nbsp; Financially, also by a noticeable multiple if Heritage is any indication.</p><p><br /></p><p>From what I can see, the primary explanation for the incidence of collecting or lack of it is cultural.&nbsp; There is little correlation between collecting and affluence.&nbsp; Affluence is a necessary precondition but in and of itself has essentially no predictive value.&nbsp; This is evident first in the price level.&nbsp; Second, in countries where collecting is more popular the coinage is invariably a lot more common or very common because a larger collector base existed in the past to preserve the current supply which exists today.&nbsp; This is true of the US, the Anglo countries (UK, Canada, Australia and New Zealand) and most (or all) of Western Europe.&nbsp; The scarcity also impacts how popular collecting will be in the future because no one can buy what doesn&#039;t exist. </p><p><br /></p><p>Variety is also very important which is&nbsp; a primary reason I believe US collecting is also very popular.&nbsp; No other country has equivalent variety over the same time period.</p><p><br /></p><p>The combination of availability and variety make it feasible for any (prospective) collector to buy something they actually want and can afford in the US and other countries with long term traditions of collecting.&nbsp; This as opposed to say, South Africa where the variety is much less and a disproportionate percentage of the coins are unusually scarce (most Union and many ZAR).[/QUOTE]</p><p><br /></p>

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