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<p>[QUOTE="Collector1966, post: 1088468, member: 17919"]Well, this is a US-based forum, and even though it has collectors from around the world, most of the collectors who post here are based in the US. The US is a huge country, and the only foreign coins most Americans will encounter in their lifetimes are Canadian (especially if they live close to the Canadian border) and/or Mexican. There is a huge array of American coins dating back to 1793, and earlier if you count colonial. As well, most American dealers specialize in US coins, so that's how the market and collectors are focused.</p><p><br /></p><p>From an American collector's perspective, the problem with non-precious-metal foreign (non-US) coins is, first and foremost, their vulnerability to demonetization or devaluation. Look at the base metal Mexican coins that were issued in the '70s and '80s, the pre-Euro coins of the Eurozone countries, the New Pence coins (5p, 10p, 50p) of the UK, various older coins from Latin America, Africa (Zimbabwe being the worst), and much of Asia-- pretty much worthless as money any more. For that matter, most of the base-metal foreign (non-US) coins that I collected in the '60s aren't worth any more today than they were 40+ years ago-- and many are even worth less today! And let's face it, one of the attractions of this hobby is the potential for making a return on investment. So American collectors will tend to stick with what they know, perhaps try to specialize in an area where they can use their knowledge to pick out exceptional specimens that may even earn them a profit some day.[/QUOTE]</p><p><br /></p>
[QUOTE="Collector1966, post: 1088468, member: 17919"]Well, this is a US-based forum, and even though it has collectors from around the world, most of the collectors who post here are based in the US. The US is a huge country, and the only foreign coins most Americans will encounter in their lifetimes are Canadian (especially if they live close to the Canadian border) and/or Mexican. There is a huge array of American coins dating back to 1793, and earlier if you count colonial. As well, most American dealers specialize in US coins, so that's how the market and collectors are focused. From an American collector's perspective, the problem with non-precious-metal foreign (non-US) coins is, first and foremost, their vulnerability to demonetization or devaluation. Look at the base metal Mexican coins that were issued in the '70s and '80s, the pre-Euro coins of the Eurozone countries, the New Pence coins (5p, 10p, 50p) of the UK, various older coins from Latin America, Africa (Zimbabwe being the worst), and much of Asia-- pretty much worthless as money any more. For that matter, most of the base-metal foreign (non-US) coins that I collected in the '60s aren't worth any more today than they were 40+ years ago-- and many are even worth less today! And let's face it, one of the attractions of this hobby is the potential for making a return on investment. So American collectors will tend to stick with what they know, perhaps try to specialize in an area where they can use their knowledge to pick out exceptional specimens that may even earn them a profit some day.[/QUOTE]
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