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<p>[QUOTE="Doug21, post: 1676368, member: 5650"]Another negative factor is the middle class will be virtually non-existent pretty soon. Those 50k type of jobs for not so educated folks ( like postal worker, factory worker, etc.) will be gone. Most people will make survival wages. They won't be collecting the lower priced stuff.</p><p><br /></p><p> The rich doctor types with high incomes will collect very high end stuff. There won't be many Detecto types buying the mid- grade stuff with perhaps a small problem or two.</p><p><br /></p><p> I wouldn't be too optimistic about million dollar + coins either, it's already pretty damn expensive. Stocks and stuff will probably be the choice, maybe real estate or just plain old farmland.</p><p><br /></p><p> Those sets of lower grade IHC's and buffalo nickels, etc are not likely to keep pace with inflation.</p><p><br /></p><p> I think many collectors did start with Lincoln cents from circulation as kids ( I did). The cent has to be retired soon. Coins and currency in general are going to phased out within a few decades. They aren't used in slots anymore, or tolls for the most part. We could really just have dimes and quarters right now without sacrificing much utility. I often see nickels in penny dishes at stores now.</p><p><br /></p><p> Debit and credit cards work pretty well. I use cash mainly for gas as it is cheapest that way. It's convenient for small stuff like eating breakfast out or going to a fast food joint.</p><p><br /></p><p> New collectors also won't find anything roll hunting....if coins even exist. I'm 49 and started collecting in the early 70's.....well you could stuff like silver then and lots of wheats, war nickels , etc.</p><p><br /></p><p> Coins, stamps, etc. will not do well in the future, IMO ![/QUOTE]</p><p><br /></p>
[QUOTE="Doug21, post: 1676368, member: 5650"]Another negative factor is the middle class will be virtually non-existent pretty soon. Those 50k type of jobs for not so educated folks ( like postal worker, factory worker, etc.) will be gone. Most people will make survival wages. They won't be collecting the lower priced stuff. The rich doctor types with high incomes will collect very high end stuff. There won't be many Detecto types buying the mid- grade stuff with perhaps a small problem or two. I wouldn't be too optimistic about million dollar + coins either, it's already pretty damn expensive. Stocks and stuff will probably be the choice, maybe real estate or just plain old farmland. Those sets of lower grade IHC's and buffalo nickels, etc are not likely to keep pace with inflation. I think many collectors did start with Lincoln cents from circulation as kids ( I did). The cent has to be retired soon. Coins and currency in general are going to phased out within a few decades. They aren't used in slots anymore, or tolls for the most part. We could really just have dimes and quarters right now without sacrificing much utility. I often see nickels in penny dishes at stores now. Debit and credit cards work pretty well. I use cash mainly for gas as it is cheapest that way. It's convenient for small stuff like eating breakfast out or going to a fast food joint. New collectors also won't find anything roll hunting....if coins even exist. I'm 49 and started collecting in the early 70's.....well you could stuff like silver then and lots of wheats, war nickels , etc. Coins, stamps, etc. will not do well in the future, IMO ![/QUOTE]
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