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<p>[QUOTE="baseball21, post: 2360076, member: 76863"]One thing we often forget with the passing of time is that the population will only continue to grow. Today the population in the USA is over 320 million, 50 years ago it was about 195 million. Just to put that in perspective with made up numbers if 50 percent of the people back then were collectors that would give us 97.5 million collectors. Today is 30 percent of the population are collectors that gives us almost the exact same number. There is a pretty good chance just from population growth that we have a larger number of collectors today even if the percentage of the population collecting has diminished. </p><p><br /></p><p><br /></p><p><br /></p><p>I would be considered a next generation collector and fall into the category of someone who almost never uses cash. Unless a store offers a discount for cash it is just cheaper to use a credit card and get the cash back or the rewards. </p><p><br /></p><p>People are drawn to collecting for various reasons whether it be a family member, finding something cool, the history of the coins, just liking them, starting with bullion ect. There was a time most started by collecting pocket change, I strongly suspect that is no longer the case and other reasons draw them into collecting these days which won't be going away anytime soon. Even cash will be around long after any of us are. </p><p><br /></p><p><br /></p><p><br /></p><p>We have been past the point of demand keeping up with the mint supply for quite sometime. Just look at how many mint products sell below the mint price on the after market. You can usually count the number of products that appreciate in value on one hand from the mint each year. If demand was actually keeping up these would at least hold their issue price. </p><p><br /></p><p><br /></p><p><br /></p><p>Very true all we can do is take educated guesses to make predictions. There is a lot to worry about with the future, whether or not people will be collecting isn't one of them in my opinion[/QUOTE]</p><p><br /></p>
[QUOTE="baseball21, post: 2360076, member: 76863"]One thing we often forget with the passing of time is that the population will only continue to grow. Today the population in the USA is over 320 million, 50 years ago it was about 195 million. Just to put that in perspective with made up numbers if 50 percent of the people back then were collectors that would give us 97.5 million collectors. Today is 30 percent of the population are collectors that gives us almost the exact same number. There is a pretty good chance just from population growth that we have a larger number of collectors today even if the percentage of the population collecting has diminished. I would be considered a next generation collector and fall into the category of someone who almost never uses cash. Unless a store offers a discount for cash it is just cheaper to use a credit card and get the cash back or the rewards. People are drawn to collecting for various reasons whether it be a family member, finding something cool, the history of the coins, just liking them, starting with bullion ect. There was a time most started by collecting pocket change, I strongly suspect that is no longer the case and other reasons draw them into collecting these days which won't be going away anytime soon. Even cash will be around long after any of us are. We have been past the point of demand keeping up with the mint supply for quite sometime. Just look at how many mint products sell below the mint price on the after market. You can usually count the number of products that appreciate in value on one hand from the mint each year. If demand was actually keeping up these would at least hold their issue price. Very true all we can do is take educated guesses to make predictions. There is a lot to worry about with the future, whether or not people will be collecting isn't one of them in my opinion[/QUOTE]
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