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Why is Morgan Dollar numismatic value dropping?
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<p>[QUOTE="baseball21, post: 4107578, member: 76863"]ANA membership, magazines and coin show attendance are only a measurement of people that do those exact things. </p><p><br /></p><p>The whole hobby is dying thing has been beaten to death and been said ever since the first coin collector. Of course collectors are overwhelmingly elderly, collecting takes money. Teens spend their time playing sports and chasing dates and are poor, college kids spend what little money they get partying or on dates, 20s-30s you're generally paying off student loans and raising a family. It's not until 40/50s for most people that they really get a lot of disposable income. </p><p><br /></p><p>Morgans are falling because they're overwhelmingly common as dirt. You can get on eBay and buy 10K+ at any given time. They're the Silver Eagles of classic coins, popular but their values always far exceeded their rarity and hoard bags are found on a pretty regular basis[/QUOTE]</p><p><br /></p>
[QUOTE="baseball21, post: 4107578, member: 76863"]ANA membership, magazines and coin show attendance are only a measurement of people that do those exact things. The whole hobby is dying thing has been beaten to death and been said ever since the first coin collector. Of course collectors are overwhelmingly elderly, collecting takes money. Teens spend their time playing sports and chasing dates and are poor, college kids spend what little money they get partying or on dates, 20s-30s you're generally paying off student loans and raising a family. It's not until 40/50s for most people that they really get a lot of disposable income. Morgans are falling because they're overwhelmingly common as dirt. You can get on eBay and buy 10K+ at any given time. They're the Silver Eagles of classic coins, popular but their values always far exceeded their rarity and hoard bags are found on a pretty regular basis[/QUOTE]
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Why is Morgan Dollar numismatic value dropping?
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