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Will the new economy effect the future value of numismatics?
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<p>[QUOTE="cladking, post: 1620771, member: 68"]Indeed! There was almost an electricity in the air in the early '60's as everyone was a collector. It was the height of the age baby boomers started collecting. All sorts of new books were being released and everyone knew the road to riches was to save all the best dates we could find in circulation and as many brand new coins as we could afford. By '64 there were books to advise you on which dates to buy and how much they'd be worth in the future. Even today there are still BU 1959 to 1964 pennies filtering into circulation released by very tired longs. Now days it seems the such cents are choicer than ever. </p><p><br /></p><p>These kids formed the backbone of the hobby over the years and it was more of them coming back to the hobby in 1999 that fueled the new boom. </p><p><br /></p><p>For better or worse most future demand will come from the states quarter collectors as their interest is reignited. This will be the next generation of collectors. In 40 years the boomers will essentially be out of the hobby completely. </p><p><br /></p><p>An improving economy will greatly help demand on the mid-tier coin market. The upper end of all markets take care of themselves now days. I'd be a little concerned about some of the less interesting $10,000 coins and the lowest level common coins may be slow to recover if they do. Scarce coins of all prices are likely to recover the most over the short term and will do best over the long term in general. </p><p><br /></p><p>The one thing we know about the future is that it's not predictable. But, we do have the advantage of knowing the base, the trends, and the way people have always been.[/QUOTE]</p><p><br /></p>
[QUOTE="cladking, post: 1620771, member: 68"]Indeed! There was almost an electricity in the air in the early '60's as everyone was a collector. It was the height of the age baby boomers started collecting. All sorts of new books were being released and everyone knew the road to riches was to save all the best dates we could find in circulation and as many brand new coins as we could afford. By '64 there were books to advise you on which dates to buy and how much they'd be worth in the future. Even today there are still BU 1959 to 1964 pennies filtering into circulation released by very tired longs. Now days it seems the such cents are choicer than ever. These kids formed the backbone of the hobby over the years and it was more of them coming back to the hobby in 1999 that fueled the new boom. For better or worse most future demand will come from the states quarter collectors as their interest is reignited. This will be the next generation of collectors. In 40 years the boomers will essentially be out of the hobby completely. An improving economy will greatly help demand on the mid-tier coin market. The upper end of all markets take care of themselves now days. I'd be a little concerned about some of the less interesting $10,000 coins and the lowest level common coins may be slow to recover if they do. Scarce coins of all prices are likely to recover the most over the short term and will do best over the long term in general. The one thing we know about the future is that it's not predictable. But, we do have the advantage of knowing the base, the trends, and the way people have always been.[/QUOTE]
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