Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Paper Money
>
The ~ 600:1 Ratio here at CT
>
Reply to Thread
Message:
<p>[QUOTE="Vess1, post: 601878, member: 13650"]As pennywise said, I think it's an affordability issue, coupled with lack of knowledge. Just look at how unknowledgeable most people are, even on coins! I met a 19 year old kid the other day that didn't know we used gold in our coinage up to 1933. Or silver to 64. Had no idea. I suspect this is common now. </p><p> I'm sure many people think what we have now has just always been. Heck, it's worse than that. The average person doesn't even know what the modern coinage is that's coming out in 2009!! They know the quarters because they get them in change all the time. Anything else, forget about it. </p><p><br /></p><p> Once again I say, just look at the confusion revolving around the digital signal switch for tv. This is something that's been well advertised for years now. It's been explained to anyone who was willing to inquire about it many times. Yet we still have people who have no clue about it or what they need to do. Some think they know and think they're going to get actual HD after the switch! lol</p><p> I think the average Joe's ambition and thirst for knowledge these days is pretty limited concerning EVERYTHING. Doesn't get much past the 24 pack for the weekend I'm betting. </p><p><br /></p><p> Given all this, is it any wonder that most people have no idea about old currency? Unless you sit a group of people down in a classroom to educate them for a few hours, they will never know. And even after that, some would still not understand. And if they did, few would have the disposable income or the willpower to get into it. Just as it is with coins. </p><p><br /></p><p> I also suspect many coin collectors avoid currency (like me) not because they don't like it or wouldn't be interested. But for the simple fact that they already feel like their plate is full with their coin want list. For some I'm sure, currency may be like a comic book to them. They know there is rare stuff with a lot of value and the designs are beautiful, but it just doesn't grab them like coins. That's kind of the way it is for me too. </p><p><br /></p><p> Plus the average coin collector has little knowledge or understanding about grading paper, what's available or what's good or bad, let alone values. I'm sure a percentage will always eventually drift that way but it will probably be a small percentage. And coin collectors are a small percentage to begin with anyway. </p><p><br /></p><p> I hope I haven't downplayed your collection at all. It is awesome. I appreciate it as well. I just can't afford to wade into another collecting area at this time in my life and if I could, I don't know if I'd feel like investing the additional time, right now. Although, like many, my interests tend to change over the years as I get older, so that could change some day. I can't rule it out. HTHs. :smile</p><p><br /></p><p> Edit: Just thought I'd add that some of it may be the actual metal content of coins. Most people understand that metals can fluctuate quite a bit and based on history, people who were buying gold coins in the 70s, and 80s have seen enormous profits today from those purchases. This probably tends to get more people leaning that way. Same with silver, or platinum. Collecting currency is more like collecting fine art. It may not be for everybody.[/QUOTE]</p><p><br /></p>
[QUOTE="Vess1, post: 601878, member: 13650"]As pennywise said, I think it's an affordability issue, coupled with lack of knowledge. Just look at how unknowledgeable most people are, even on coins! I met a 19 year old kid the other day that didn't know we used gold in our coinage up to 1933. Or silver to 64. Had no idea. I suspect this is common now. I'm sure many people think what we have now has just always been. Heck, it's worse than that. The average person doesn't even know what the modern coinage is that's coming out in 2009!! They know the quarters because they get them in change all the time. Anything else, forget about it. Once again I say, just look at the confusion revolving around the digital signal switch for tv. This is something that's been well advertised for years now. It's been explained to anyone who was willing to inquire about it many times. Yet we still have people who have no clue about it or what they need to do. Some think they know and think they're going to get actual HD after the switch! lol I think the average Joe's ambition and thirst for knowledge these days is pretty limited concerning EVERYTHING. Doesn't get much past the 24 pack for the weekend I'm betting. Given all this, is it any wonder that most people have no idea about old currency? Unless you sit a group of people down in a classroom to educate them for a few hours, they will never know. And even after that, some would still not understand. And if they did, few would have the disposable income or the willpower to get into it. Just as it is with coins. I also suspect many coin collectors avoid currency (like me) not because they don't like it or wouldn't be interested. But for the simple fact that they already feel like their plate is full with their coin want list. For some I'm sure, currency may be like a comic book to them. They know there is rare stuff with a lot of value and the designs are beautiful, but it just doesn't grab them like coins. That's kind of the way it is for me too. Plus the average coin collector has little knowledge or understanding about grading paper, what's available or what's good or bad, let alone values. I'm sure a percentage will always eventually drift that way but it will probably be a small percentage. And coin collectors are a small percentage to begin with anyway. I hope I haven't downplayed your collection at all. It is awesome. I appreciate it as well. I just can't afford to wade into another collecting area at this time in my life and if I could, I don't know if I'd feel like investing the additional time, right now. Although, like many, my interests tend to change over the years as I get older, so that could change some day. I can't rule it out. HTHs. :smile Edit: Just thought I'd add that some of it may be the actual metal content of coins. Most people understand that metals can fluctuate quite a bit and based on history, people who were buying gold coins in the 70s, and 80s have seen enormous profits today from those purchases. This probably tends to get more people leaning that way. Same with silver, or platinum. Collecting currency is more like collecting fine art. It may not be for everybody.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Paper Money
>
The ~ 600:1 Ratio here at CT
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...