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<p>[QUOTE="GDJMSP, post: 25361, member: 112"]#1 - First of all - to answer this question one would have to define " in the near future ". Depending on your perspective, the near future could be next year or the next century & beyond. It would also depend on whether you were asking the question in regard to the USA only - or the world. </p><p><br /></p><p>That being understood, I think yes - coins and printed money will disappear from use within the US sometime in the next century but not entirely. Do you realize that there are areas within the US where people still do not have running water or indoor plumbing ? - most people do not. But it is true. And that being said - it is highly unlikely that in such areas electronic commerece will be the norm. And it will certainly not be the norm in underdeveloped countries.</p><p><br /></p><p>#2 - To answer this question you must first define what constitutes a collector. Is the person who pulls change out of their pocket and drops it into a jar or can with no interest in the dates & mint marks or separation of the coins a collector ? Using the term loosely yes. But since these people acquire their coins <u>from</u> circulation - if coin circulation is stopped - rather obviously they will stop collecting.</p><p><br /></p><p>But my personal definition of a collector is one who <u>buys</u> at least some of the coins in his collection. With this group, some will leave the hobby & some will not. And among the group of collectors that buy <u>all</u> of the coins in their collection - the majority will certainly continue. And the number will likely increase with the number of those leaving the hobby staying the same as it is now. For those in this group that leave the hobby do so for reasons other than the coins not being available in circulation.</p><p><br /></p><p>#3 - If this question is in regard to <u>only</u> those gold & silver coins currently being sold by the govt. - then my answer is no, it will have no effect. For those who collect what many refer to as bullion coins do not do so becasue the coins are in circulation or not. They do so because they choose to collect them. And it is a huge mistake to think that there are no collectors of these coins - that people only buy them for bullion value. The marketplace proves that many do indeed <u>collect</u> these bullion coins. The huge number of these coins that people have <b>paid</b> to have slabbed prove this. As do the large premiums that others pay for these slabbed bullion coins.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 25361, member: 112"]#1 - First of all - to answer this question one would have to define " in the near future ". Depending on your perspective, the near future could be next year or the next century & beyond. It would also depend on whether you were asking the question in regard to the USA only - or the world. That being understood, I think yes - coins and printed money will disappear from use within the US sometime in the next century but not entirely. Do you realize that there are areas within the US where people still do not have running water or indoor plumbing ? - most people do not. But it is true. And that being said - it is highly unlikely that in such areas electronic commerece will be the norm. And it will certainly not be the norm in underdeveloped countries. #2 - To answer this question you must first define what constitutes a collector. Is the person who pulls change out of their pocket and drops it into a jar or can with no interest in the dates & mint marks or separation of the coins a collector ? Using the term loosely yes. But since these people acquire their coins [u]from[/u] circulation - if coin circulation is stopped - rather obviously they will stop collecting. But my personal definition of a collector is one who [u]buys[/u] at least some of the coins in his collection. With this group, some will leave the hobby & some will not. And among the group of collectors that buy [u]all[/u] of the coins in their collection - the majority will certainly continue. And the number will likely increase with the number of those leaving the hobby staying the same as it is now. For those in this group that leave the hobby do so for reasons other than the coins not being available in circulation. #3 - If this question is in regard to [u]only[/u] those gold & silver coins currently being sold by the govt. - then my answer is no, it will have no effect. For those who collect what many refer to as bullion coins do not do so becasue the coins are in circulation or not. They do so because they choose to collect them. And it is a huge mistake to think that there are no collectors of these coins - that people only buy them for bullion value. The marketplace proves that many do indeed [u]collect[/u] these bullion coins. The huge number of these coins that people have [b]paid[/b] to have slabbed prove this. As do the large premiums that others pay for these slabbed bullion coins.[/QUOTE]
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