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<p>[QUOTE="Michael K, post: 2674489, member: 78298"]I agree with both of these statements, but there is a reason.</p><p>Shows are up and down. Some days are good, some are not. Dealers would not continue to go to shows if it were a losing proposition.</p><p>LCS's are taking a beating because of EBAY and the internet and many B and M stores are closing. But does that mean the hobby is drying up?</p><p>No. It's just in a transition. There are more collectors now, but the way they purchase is different than in the past. Probably the 4 highest revenue streams are EBAY, high end auctions like Heritage and others, the US Mint and then coin shows. Which puts LCS 5th, when in the old days, they were probably 1st.</p><p>I asked my former LCS if he had any big bills ( $500 etc) and he said: No. They are all on EBay. And this was many many years ago, so this transition has been going on for a while.[/QUOTE]</p><p><br /></p>
[QUOTE="Michael K, post: 2674489, member: 78298"]I agree with both of these statements, but there is a reason. Shows are up and down. Some days are good, some are not. Dealers would not continue to go to shows if it were a losing proposition. LCS's are taking a beating because of EBAY and the internet and many B and M stores are closing. But does that mean the hobby is drying up? No. It's just in a transition. There are more collectors now, but the way they purchase is different than in the past. Probably the 4 highest revenue streams are EBAY, high end auctions like Heritage and others, the US Mint and then coin shows. Which puts LCS 5th, when in the old days, they were probably 1st. I asked my former LCS if he had any big bills ( $500 etc) and he said: No. They are all on EBay. And this was many many years ago, so this transition has been going on for a while.[/QUOTE]
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