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<p>[QUOTE="GDJMSP, post: 2674556, member: 112"]I've been involved with coin forums for as long as there have been coin forums. And they serve as a pretty dang good indicator of what's going on in the coin collecting community. And in all that time the number of people who collect world coins, both in the US and abroad, has done nothing but increase. With huge increases being evident in the US.</p><p><br /></p><p>So would I expect the number of those who collect world coins to decrease ? Well, yes. But I expect it will be more because of an overall decrease in the popularity of coin collecting as a whole than it will because of a lack or loss of interest in world coins.</p><p><br /></p><p>Throughout history the popularity of coin collecting has waxed and waned many, many, times. This is the normal course of things. And it happens worldwide, not just in the US and not just abroad. But it may well be many years before the cycle turns again. </p><p><br /></p><p>But if you're asking these questions because you perceive a lack or decrease of interest given that you have taken losses on what you have been selling, I'd have to say you're off the mark there. I say that because fully 90%, or more, of all coin collectors lose money when they sell their collections. And no that is not an exaggeration. And the reasons that they lose money are numerous.</p><p><br /></p><p>There are 5 basic things that you have to do in order to make money (show a profit) with coin collecting. But get just 1 of any of the 5 wrong, and you will lose money. You can get 4 out 5 right and still lose money. And none of the 5 are easy to get right.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 2674556, member: 112"]I've been involved with coin forums for as long as there have been coin forums. And they serve as a pretty dang good indicator of what's going on in the coin collecting community. And in all that time the number of people who collect world coins, both in the US and abroad, has done nothing but increase. With huge increases being evident in the US. So would I expect the number of those who collect world coins to decrease ? Well, yes. But I expect it will be more because of an overall decrease in the popularity of coin collecting as a whole than it will because of a lack or loss of interest in world coins. Throughout history the popularity of coin collecting has waxed and waned many, many, times. This is the normal course of things. And it happens worldwide, not just in the US and not just abroad. But it may well be many years before the cycle turns again. But if you're asking these questions because you perceive a lack or decrease of interest given that you have taken losses on what you have been selling, I'd have to say you're off the mark there. I say that because fully 90%, or more, of all coin collectors lose money when they sell their collections. And no that is not an exaggeration. And the reasons that they lose money are numerous. There are 5 basic things that you have to do in order to make money (show a profit) with coin collecting. But get just 1 of any of the 5 wrong, and you will lose money. You can get 4 out 5 right and still lose money. And none of the 5 are easy to get right.[/QUOTE]
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