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<p>[QUOTE=&quot;clembo, post: 574226, member: 8033&quot;]I wouldn&#039;t say that coin collecting is floundering but it has slowed down for a lot of people. One has to realize there are many different levels of collecting. From the person that wants the newest Territory quarter to the guy looking for an 1893-S Morgan.</p><p><br /></p><p>Are gold and silver hot and does the economy have an impact? Without a doubt. We were busy at work today and a lot of it was junk silver and old jewelry. It was honestly hard to keep the counters cleared off at times.</p><p>The boss bought at least a few thousand in junk silver, a thousand or so in junk jewelry, some old paper money and about 6000 wheat cents.</p><p><br /></p><p>On the other hand he did make a nice sale on some higher grade large size notes and we shipped about 50 rolls of territory quarters to another dealer.</p><p><br /></p><p>As for the different levels of collectors I can really see an impact there. The person that collects only quarters for themselves or their grandkids etc is still buying. Small purchases and not often.</p><p>Those looking for higher dollar rare are still basically buying as usual.</p><p>Where I notice it most is the &quot;average&quot; guy that may spend from $200-500 per month. Some are selling off duplicates and those that aren&#039;t have really slowed down.</p><p>Heck, I fall into that category.</p><p>Not as many impulse purchases as I used to see either.</p><p><br /></p><p>It affects dealers as well. One local dealer has closed in the past year. Nice guy and referred a lot of his customers to us.</p><p>I don&#039;t believe he was on the dealer networks and those surely help. Still PLENTY of dealer to dealer trading going on. We recently sold about 300 Proof Silver Eagles to another dealer as he was offering a good price and they were just gathering dust in our inventory. Apparently he needed them so it worked for all involved.</p><p><br /></p><p>In short, yes there is a slowdown but there is still plenty of activity. Much of it just happens to be &quot;behind the scenes&quot;.[/QUOTE]</p><p><br /></p>

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