Why coin sales flat

Nothing better than US Coins! keep your other coins!

 

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The future of the coin market, especially 100 years from now, doesn't matter and it has very little to do with any of us in the here and now. Times will continue to change in ways that no one predicts or expects and the coin market will either take off, slump or stay somewhat the same. Nothing today can tell us what the upcoming decades may hold. Buy what you like now. If you're concerned about what happens to the hobby or to your collection after you're no longer sentient, then you're worrying about something beyond your control. Trust me, you have better things to do. Buy what you enjoy, enjoy it, don't overdo it and if you find other people that like it too then that's great. Expecting anything more will likely lead to frustration. Trying to force it down other people's throats won't make a difference. The coin market may explode upwards on your deathbed and crash a few months later. Unless some very inevitable things about existence change, you'll never know how it ultimately turns out. Just don't be irresponsible, addicted and buy what you enjoy. That's all you can control and all that really matters.

 

Several of QDB's columns are devoted to this idea. He quotes a speech from the ANA convention of (1917? I think) where this exact same argument is *nearly verbatim* repeated. Over a hundred years ago, they were calling for the end of the hobby because everyone was getting too old.

I've been in this hobby for 30 years now, and I've been seeing the same thing for 30 years.

It's a bunch of hogwash.

 

I agree Hog wash!

 

Keep telling yourself that...

 

what are you saying? please explain!

 

I already have

 

thanks

 

So you're saying something good could come of all this?

 

Indeed, it is interesting that many new collectors are arising in India. World coins are moving briskly, however many issues are declining such as: Kenya, 5 cents KM 10, 1975, now shown as $.50 whereas it was $1.00 at MS 60. Or Italy 500 Lire, KM 98, 1958R, big drop. But Mexico Romania, Germany Greenland, are hot. Note the Morocco Rial of AH 1331, Y#33, price drop at MS 63 to $225.00 down from $300.00. Though lively, the price drops suggest a time to buy! carefully.

 

Because of Ebay, more coins today are being bought and sold than ever before. I'd like to know how many coin sales there are on Ebay each year. However, I can see more local coin shops disappearing.

 

The world coins he listed are for one the 1958 Italy 500 Lire silver coin, they made over 24 million of them and they are very common. It's far too recent for me, I like the super rare, MUCH older issues from the pre-unification Italian states. I wish they would decrease in value

 

All good points. What I don’t understand is why B&M shops don’t keep up with the times and create a website. Yes it is extra work but it is how any B&M stays viable (and in business) in todays world.
When my business was slow I didn’t sit on my butt complaining and hoping that things will pick up. I used the time to come up with new ways to grow and expand my business. It wasn’t always easy but it worked for me.

 

If you don't keep up with the times you will be left behind. My guess is some of these B&M shops are owned by old timers who don't have the tech savvy to set up online sales, or lack the interest to do so.

 

I just wonder, in these days of YouTube hype and the like, if the younger generations aren't into coins more as a "get rich quick" thing (even though it is highly unlikely); because, like others have said, there isn't a whole lot of rarity in the day to day change getting passed around. I (55) pick up/collect all pennies '82 and earlier for my nephew (he (39) wants them for their copper value; I go through all the ones I come across (my change, penny cups, ground, etc.) for errors, etc., but even then, I'm only giving him 30-40 cents at a time after a couple months....

 

"The market can remain irrational far longer than you can remain solvent" -- John Maynard Keynes