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Will the new economy effect the future value of numismatics?
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<p>[QUOTE="-jeffB, post: 1613647, member: 27832"]Huh. I'm not seeing that at all. The most compelling arguments that I've seen in this thread:</p><p><br /></p><p>Boomers are starting to die off, and their collections will mostly fall into the hands of non-collectors, who will (best case) sell to coin shops at a hefty discount or (worst case) feed the CoinStar. In either case, the supply of coins goes up, with no clear path for demand to increase.</p><p><br /></p><p>Others, facing unemployment and medical expenses and such, will be forced to cash in "investments" and sell off "belongings" to meet expenses. In either category, coins are an obvious target -- again, the supply goes up, without a matching increase in demand.</p><p><br /></p><p>Against this, we see the rising price of precious metals, which has lifted the boats of junk silver and generic gold. There are plenty enough threads already discussing the future of this trend.</p><p><br /></p><p>In addition, we see the perceived "timeless nature" of numismatics -- people have been collecting for ages, and there's no clear reason to think they'll stop soon.[/QUOTE]</p><p><br /></p>
[QUOTE="-jeffB, post: 1613647, member: 27832"]Huh. I'm not seeing that at all. The most compelling arguments that I've seen in this thread: Boomers are starting to die off, and their collections will mostly fall into the hands of non-collectors, who will (best case) sell to coin shops at a hefty discount or (worst case) feed the CoinStar. In either case, the supply of coins goes up, with no clear path for demand to increase. Others, facing unemployment and medical expenses and such, will be forced to cash in "investments" and sell off "belongings" to meet expenses. In either category, coins are an obvious target -- again, the supply goes up, without a matching increase in demand. Against this, we see the rising price of precious metals, which has lifted the boats of junk silver and generic gold. There are plenty enough threads already discussing the future of this trend. In addition, we see the perceived "timeless nature" of numismatics -- people have been collecting for ages, and there's no clear reason to think they'll stop soon.[/QUOTE]
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