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<p>[QUOTE="scyther, post: 1676222, member: 42170"]I hate to say it, but I believe you're right. We're all screwed. Or rather, you are. Or at least the ones who care about how much their coins are worth and aren't just doing it for fun. I, thankfully, have not invested in numismatic coins. And now I never will. Or at least not until the market has bottomed, if that ever happens.</p><p><br /></p><p>There's another factor here that is deadly for future coin prices: the impending cashless society that will befall us. Many (I would think most) people start coin collecting by looking through pocket change and collecting the years and mint marks. From there they move on to rare/valuable/"obsolete" coins that they can't find in circulation. No pocket change=no new coin collectors! Obviously that's an exaggeration, but I think I make my point. It's not just the lack of old white men we have to fear... it's the lack of ANYONE, of any race or gender, who has even seen a coin! The rarest coins will always have value, but everything else is doomed. What is expensive will be cheap in the future. What is cheap now will be bullion in the future. I kid you not- you will see wheat pennies melted down for their copper value because NO ONE CARES what a wheat penny is. Your collections are going straight into the furnace when you die. And your kids aren't getting much for them. Metal prices will be down too! Copper and silver are going to crash dramatically. Gold will languish in a death spiral until it is finally crushed under the weight of the ocean, if you catch my drift. Platinum is going to be mined in asteroids and cars will no longer require it. PMs, to the moon! No! PMs, FROM the moon<img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />. </p><p><br /></p><p>I do truly wish numismatic coins were a good investment, but they're not. I'll just hold my money for now and buy a complete lincoln set for $100 (or the inflation adjusted equivalent thereof) in a couple decades. That is, if there's anyone left in the business of ruling out counterfeits, which will have long since flooded the market.</p><p><br /></p><p>Just my 2 cents.[/QUOTE]</p><p><br /></p>
[QUOTE="scyther, post: 1676222, member: 42170"]I hate to say it, but I believe you're right. We're all screwed. Or rather, you are. Or at least the ones who care about how much their coins are worth and aren't just doing it for fun. I, thankfully, have not invested in numismatic coins. And now I never will. Or at least not until the market has bottomed, if that ever happens. There's another factor here that is deadly for future coin prices: the impending cashless society that will befall us. Many (I would think most) people start coin collecting by looking through pocket change and collecting the years and mint marks. From there they move on to rare/valuable/"obsolete" coins that they can't find in circulation. No pocket change=no new coin collectors! Obviously that's an exaggeration, but I think I make my point. It's not just the lack of old white men we have to fear... it's the lack of ANYONE, of any race or gender, who has even seen a coin! The rarest coins will always have value, but everything else is doomed. What is expensive will be cheap in the future. What is cheap now will be bullion in the future. I kid you not- you will see wheat pennies melted down for their copper value because NO ONE CARES what a wheat penny is. Your collections are going straight into the furnace when you die. And your kids aren't getting much for them. Metal prices will be down too! Copper and silver are going to crash dramatically. Gold will languish in a death spiral until it is finally crushed under the weight of the ocean, if you catch my drift. Platinum is going to be mined in asteroids and cars will no longer require it. PMs, to the moon! No! PMs, FROM the moon:). I do truly wish numismatic coins were a good investment, but they're not. I'll just hold my money for now and buy a complete lincoln set for $100 (or the inflation adjusted equivalent thereof) in a couple decades. That is, if there's anyone left in the business of ruling out counterfeits, which will have long since flooded the market. Just my 2 cents.[/QUOTE]
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