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<p>[QUOTE="cladking, post: 1088822, member: 68"]World coins are a hoot but the big growth is being caused by domestic demand; people in that country are buying their coins back from the US foreign coin market. Middle classes are growing rapidly all over the world and these people have the time and money for hobbies. </p><p><br /></p><p>The explosive growth in moderns is being caused not so much by a big increase in demand but the growing realization that there is very low supply. A few yuan, rupees, and drachmas are competing for an even smaller amount of supply. </p><p><br /></p><p>Interestingly though is that the world demographic for a coin collector has always been a male US citizen. Now days this collector tends to be older as well and there are millions of new collectors both in the US and worldwide. Usually a collecor doesn't get interested in in foreign coins until he has collected for ten or twenty years so there's just no end in sight for increasing demand for foreign. By the time demand abroad is starting to taper off the demand for world coins will be starting to increase in the US. </p><p><br /></p><p>I like all coins an can even understand why collectors might chase something like a set of XF/ AU zincolns but when I consider the potential of a coin like a Fijian 1975 or 1995 20c piece in Unc it's just overwhelming. Such coins simply aren't available and if one turnd up the owner would take on look at its $2 price tag and toss it in poundage. It would end up in the garbage stream after children used it for play money in a few years. You can go to Fiji but you won't find one in Unc. </p><p><br /></p><p>There are literally hundreds of coins I've sought for 34 years and was never able to locate despite herculean efforts in some cases. How many people in Great Britain and its colonies will desire coins such as Fiji? You can get the old ones if you have the money but many of the new ones are not out there anywhere. On the bright side they'll be cheap if you find them. On the minus side you might have a hole in your collection until the price is far far higher.[/QUOTE]</p><p><br /></p>
[QUOTE="cladking, post: 1088822, member: 68"]World coins are a hoot but the big growth is being caused by domestic demand; people in that country are buying their coins back from the US foreign coin market. Middle classes are growing rapidly all over the world and these people have the time and money for hobbies. The explosive growth in moderns is being caused not so much by a big increase in demand but the growing realization that there is very low supply. A few yuan, rupees, and drachmas are competing for an even smaller amount of supply. Interestingly though is that the world demographic for a coin collector has always been a male US citizen. Now days this collector tends to be older as well and there are millions of new collectors both in the US and worldwide. Usually a collecor doesn't get interested in in foreign coins until he has collected for ten or twenty years so there's just no end in sight for increasing demand for foreign. By the time demand abroad is starting to taper off the demand for world coins will be starting to increase in the US. I like all coins an can even understand why collectors might chase something like a set of XF/ AU zincolns but when I consider the potential of a coin like a Fijian 1975 or 1995 20c piece in Unc it's just overwhelming. Such coins simply aren't available and if one turnd up the owner would take on look at its $2 price tag and toss it in poundage. It would end up in the garbage stream after children used it for play money in a few years. You can go to Fiji but you won't find one in Unc. There are literally hundreds of coins I've sought for 34 years and was never able to locate despite herculean efforts in some cases. How many people in Great Britain and its colonies will desire coins such as Fiji? You can get the old ones if you have the money but many of the new ones are not out there anywhere. On the bright side they'll be cheap if you find them. On the minus side you might have a hole in your collection until the price is far far higher.[/QUOTE]
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