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Message:: [QUOTE="V. Kurt Bellman, post: 2109470, member: 71723"]Rarity and popularity, rarity and popularity, now where have I heard terms similar to that in my formal Economics training? Oh yeah... Could it be SUPPLY AND DEMAND??? I do believe it is! I know that many in numismatics view popularity/demand as essentially a fixed factor that changes not all that much over time. If you are talking about one person's collecting lifetime, that is more or less true. Tastes do vary but slowly. I know people like Matt Dinger and Doug (by observing the total body of their work here and for Matt on Coin Show Radio) think more highly of a quasi-fixed level of popularity/demand certainly than I do. I expect truly MASSIVE changes in collecting tastes to strike (befall?) this hobby relatively soon. I wrote long ago here that my son's generation are "mutants". They take my generation's views, and those of our predecessors, NOT IN THE LEAST! They don't care AT ALL about precious metals, even less than I do, and that's saying something! Classic coins bore them to tears; they don't "connect" with them. I expect a GIHUGEOUS increase in demand/popularity for what we call "modern junk". As their generation becomes the market norm, we're going to see the classics decline and moderns soar. I absolutely believe that. 60+ potbellied white guys with bolo ties and subscriptions to Arizona Highways, (our dads and us) ARE the "endangered species" of the 21st century. We're already "dead", we  just haven't fallen over yet. The most bearish part of collecting is so-called collector grade classic coins. The top end can more than thrive catering to the Mark Cubans of the world, so that part's immune. But I see the part of the market that has been supported by us as heading to Hades in a hand basket.[/QUOTE]

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