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<p>[QUOTE="ziggy9, post: 1703243, member: 8360"]I just read through this entire thread and there are a few thoughts that have been repeated that I have to disagree with.</p><p><br /></p><p>1. As less hard currency is used the interest in collecting coins will decrease- many items are collected specifically because there are no more being made. Fossils, ancient artifacts, minerals, even toys from the 50's and 60's are still collected with prices increasing on most items. Artwork doesn't often increase in price until after the artist dies. I have never heard "well that artist is dead, no use in collecting his junk any more."</p><p><br /></p><p>2. Issuing of an excessive amount of special interest sets by mints around the world will effect coin collecting like it did stamps, comic books and sports cards. (collecting of the truly rare items in these areas is still going strong by the way)- people that collect these type items were trying to keep up with "one of everything" where coin collectors for the most part focus on a specific set or type.</p><p><br /></p><p>3. Less collectors means more coins and cheaper prices for me- This is only true until the number drops low enough that it becomes less hassle to melt them down for scrap than try to sell them piecemeal to the public. I personally don't see this happening.</p><p><br /></p><p><br /></p><p>The truth is that we probably will see a dip as the baby boomers start dying off in larger numbers but even that event will create new collectors as they leave their collections to be split among 4-5 grandchildren.</p><p><br /></p><p>As the vice president of the oldest coin club in the united states I have had the opportunity to read through some of the old meeting minutes. The club was founded in 1860. I the late 1890's there was a proposal to dissolve the club as there were only 3 members left in the club. They instead chose to search out new collectors to beef up the membership and the club was saved. I am sure that further reading will turn up similar circumstances at various times throughout the history of the club. All hobbies go through cycles.</p><p><br /></p><p>Richard[/QUOTE]</p><p><br /></p>
[QUOTE="ziggy9, post: 1703243, member: 8360"]I just read through this entire thread and there are a few thoughts that have been repeated that I have to disagree with. 1. As less hard currency is used the interest in collecting coins will decrease- many items are collected specifically because there are no more being made. Fossils, ancient artifacts, minerals, even toys from the 50's and 60's are still collected with prices increasing on most items. Artwork doesn't often increase in price until after the artist dies. I have never heard "well that artist is dead, no use in collecting his junk any more." 2. Issuing of an excessive amount of special interest sets by mints around the world will effect coin collecting like it did stamps, comic books and sports cards. (collecting of the truly rare items in these areas is still going strong by the way)- people that collect these type items were trying to keep up with "one of everything" where coin collectors for the most part focus on a specific set or type. 3. Less collectors means more coins and cheaper prices for me- This is only true until the number drops low enough that it becomes less hassle to melt them down for scrap than try to sell them piecemeal to the public. I personally don't see this happening. The truth is that we probably will see a dip as the baby boomers start dying off in larger numbers but even that event will create new collectors as they leave their collections to be split among 4-5 grandchildren. As the vice president of the oldest coin club in the united states I have had the opportunity to read through some of the old meeting minutes. The club was founded in 1860. I the late 1890's there was a proposal to dissolve the club as there were only 3 members left in the club. They instead chose to search out new collectors to beef up the membership and the club was saved. I am sure that further reading will turn up similar circumstances at various times throughout the history of the club. All hobbies go through cycles. Richard[/QUOTE]
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