@ilikemonsters said:
I met many big dealers at the show, and many collectors. It felt important to me to take the time and listen to these dealers/collectors to find out what their thoughts were, on the future of our hobby. It was sad hearing from multiple dealers that they thought the coin business would be completely dead in 20-30 years.
People were having the same discussions on this forum back in the early 2000s, and well before that offline as well. Will numismatics fluctuate in popularity over the years? Sure, that is unavoidable. But to say the hobby will be "completely dead" is ludicrous.
I posted this comment on a similar thread from a couple of years ago, and I still feel the same way today:
"Fifty years ago I imagine that people had similar concerns about the hobby and how the "kids today are more interested in X" than collecting coins and that the death of the hobby was imminent. This hobby has been around for a long time and I think it would be safe to assume it will be around long after we are gone. Of course, it will have its ups and downs in popularity but it's only natural as interests change and public interest moves onto other hobbies, but that shouldn't stop us collectors from enjoying this hobby while we can. Things will be fine, people will continue to stress and worry about the future of the hobby a hundred years from now and at the end of the day, the future of the hobby really isn't in our hands. People will collect what they enjoy collecting."
@ilikemonsters I am thrilled to see your post and feel your passion for this hobby. I am 61 and been at this less than a year and become obsessed with it. I constantly bring this up at work and got two people hooked so far.
This hobby can easily lend itself to have people seculude themselves in their home/offices and not venture past their home. I am one of the secluded one. You mentioned local clubs But I have not joined one yet. I think it’s time for me to find one. I live outside of Detroit and if anyone knows of a good established club please let now. Thanks!!
There are successful YNs in the hobby and I think it's great to see what they do and how they operate. It may not be possibly to replicate but it can be instructive. For example, Justin of Monster Coin Mart seems to have an impressive eBay store with followings in certain areas. He seems to have carved out niches in PCGS moderns and US Philippine coinage.
Think about leverage timeless knowledge with new technologies. Lots of new collectors are Instagram while lots of old timers are on in-person clubs. One thought is to put more information online and have more online clubs. Lately, I've been looking into more online / PDF publications and have been excited about sharing information that way. The ANS is exciting to me because I've been diving into the past issues of the ANS Magazine online. I've also been reading publications by individuals. For online clubs, Knights of the Coin Table are a fun online club with a growing following due to issuing medals by Dan Carr. I've been wondering how all these online activities can be turned into a more modern, more holistic online approach to collecting.
Commentary about the death of the hobby have been the subject of posts here for over twenty years... and it is still going strong. There are many YN's here and on Instagram....Those that are concerned about the state of the hobby are really concerned about the business part....and, from their perspective, a true concern. The reality though, is quite different. The business is healthy, though a large part of the market is now online (websites, ebay, instagram etc.) and not as much at shops and shows.... Malls are disappearing, things are changing in all areas... but business is booming... Check Amazon.... Cheers, RickO
I'm 22 so I feel my yout sentiments can be heard. I started coins when I was about 13 and have never stopped. I've gone to Summer Seminar 5 times, every major coin show except Long Beach (I'm from Michigan) at least once, and have been involved in multiple coin clubs and have run numerous YN programs at conventions, and have seen this dynamic of young people only see the hobby as a business. Some people have brought up Instagram, this to me is the best and worst thing for young people in coins. I have many friends who are able to sell coins very successfully but at the same time, I've seen several young dealers already destroy their reputations by seeing Instagram as only a money grab. This is a huge problem as one of the staples of our hobby is good and reputable dealers. Not just some screen name on Instagram, an actual face to a name. That being said, I like to think my future in the hobby will last a while as I've recently been hired full-time by Heritage...
@Ablinky said:
I'm 22 so I feel my yout sentiments can be heard. I started coins when I was about 13 and have never stopped.
I’d say so. Thanks for posting your thoughts!
I've gone to Summer Seminar 5 times, every major coin show except Long Beach (I'm from Michigan) at least once, and have been involved in multiple coin clubs and have run numerous YN programs at conventions, and have seen this dynamic of young people only see the hobby as a business.
Sounds nice to get that much travel in! Do you have any advice for other YNs that may want to follow in your footsteps?
I like to think my future in the hobby will last a while as I've recently been hired full-time by Heritage...
Congrats Andrew! Glad to have you here. What will you be doing for Heritage? Will you be working with Mark Feld, also here?
@Ablinky said:
I'm 22 so I feel my yout sentiments can be heard. I started coins when I was about 13 and have never stopped.
I’d say so. Thanks for posting your thoughts!
I've gone to Summer Seminar 5 times, every major coin show except Long Beach (I'm from Michigan) at least once, and have been involved in multiple coin clubs and have run numerous YN programs at conventions, and have seen this dynamic of young people only see the hobby as a business.
Sounds nice to get that much travel in! Do you have any advice for other YNs that may want to follow in your footsteps?
I like to think my future in the hobby will last a while as I've recently been hired full-time by Heritage...
Congrats Andrew! Glad to have you here. What will you be doing for Heritage? Will you be working with Mark Feld, also here?
Thanks, and yes. I will be in wholesale with Mr. Feld
The reason people collect coins is SIMPLE...they love of MONEY!; So.....when there are no more little boys stacking pennies and no more old men (same people just aged) stacking silver and gold, then yes, the hobby will be dead. Guess what? Never happen. Why? Because people love MONEY. Always have and always will. As Mark Twain said; "The reports of my death are greatly exaggerated.". Hey, all you YN's out there, relax, everything is fine. Besides, if the hobby were to die......think of the deals you could make. You youngsters would really mop-up. In the meantime,........RELAX!!!!!!
If edit your post’s too quickly (or too many times in a short amount of time) it’ll get poofed. Before hitting the “Post Comment” button it’s a good habit to copy (as in copy/paste) your post. If it posts then you can ignore the copy stored in the buffer. If it goes poof, at least, you’ll have a copy to paste into a new post.
If edit your post’s too quickly (or too many times in a short amount of time) it’ll get poofed. Before hitting the “Post Comment” button it’s a good habit to copy (as in copy/paste) your post. If it posts then you can ignore the copy stored in the buffer. If it goes poof, at least, you’ll have a copy to paste into a new post.
As a millennial, I do believe coin collecting is dying. There are many reasons for this:
1) Young people don't appreciate history. If you ask any millennial, their least favorite subject is history. The reason why many people collect coins or other antiques is because of their historical value. I just don't see many millennials being interested in numismatics because of their lack of interest in history.
2) The Digital Age. All it takes to keep young people entertained is to give them an iPhone. They'll be glued to the screen for hours on social media, watching Netflix, or playing video games. Keep in mind, the older generations became interested in numismatics because they encountered silver coins in circulation. The same couldn't be said for millennials. Millennials grew up in a time when transactions are mostly electronic, such as credit cards, e-checks, Paypal, Apple Pay, Google Pay, cryptocurrency etc. Because of digital media, most young people don't have any hobbies. The concept of hobbies is non-existent in today's younger generations.
3) Most people are less interested in owning tangible possessions. Part of this problem is due to digital technology, as I mentioned earlier. Most coin related questions I've seen on Reddit are of people wishing to sell their inherited collections, asking what their coins are worth. People wanting to sell their parent's/grandparent's collections is evident in the lack of interest in numismatics. Today's society views coins and antiques as "clutter" that takes up space.
4) Older folks in coin shows. Go to any coin show and you'll realize the hobby is greying. In addition, there's less attendance. Yes, I realize the reason for lower attendance is because most people purchase their coins online. However, I'm pretty sure most people who purchase coins online are age 50+. I don't see any young people going on eBay to buy coins.
I believe we can save the hobby by getting young people interested in history. It's no surprise that millennials view history as a boring subject, considering public schools emphasize students regurgitating facts on standardized tests. It's up to parents to get their kids into coin collecting at an early age. The Great Recession in 2008 caused gold and silver prices to skyrocket, resulting in many people stacking precious metals. Some of these "stackers" would later become coin collectors. After all, coin collecting and precious metals were always linked.
An unfortunate observation about my generation is that young people are driven by money and profit.
Au contraire. I teach alot of your generation (18-27), in fact several hundred a year. The majority are not driven by money and profit. Far from it. Most are driven by a strong desire to survive, have relationships, and a fundamental reason for being - such as valued work. We must walk in different circles.............
@ilikemonsters said:
An unfortunate observation about my generation is that young people are driven by money and profit. I know people that are around my age who only became interested in coins because they saw the potential to make a large profit and a living on coins. So much, that they don't actually care about the hobby itself or the history behind many areas of numismatics. IMO a YN who truly cares about the hobby is rare.
Reading this in retrospect is kind of funny, there has been an uproar on Instagram today since you cracked a PCGS graded coin out of a details holder to sell as problem free. I'd imagine your motive for doing so was to make a profit, or at the very least get your money back.
While you may feel this coin (see below) should straight grade at a TPG service, the community at large disagrees, and so did PCGS (having already given it a details grade). Instead of blocking the person who purchased the coin, who ultimately wanted to return it, why not just do the right thing and give their money back?
@ilikemonsters said:
An unfortunate observation about my generation is that young people are driven by money and profit. I know people that are around my age who only became interested in coins because they saw the potential to make a large profit and a living on coins. So much, that they don't actually care about the hobby itself or the history behind many areas of numismatics. IMO a YN who truly cares about the hobby is rare.
Reading this in retrospect is kind of funny, there has been an uproar on Instagram today since you cracked a PCGS graded coin out of a details holder to sell as problem free. I'd imagine your motive for doing so was to make a profit, or at the very least get your money back.
While you may feel this coin (see below) should straight grade at a TPG service, the community at large disagrees, and so did PCGS (having already given it a details grade). Instead of blocking the person who purchased the coin, and ultimately wanted to return it, why not just do the right thing and give their money back?
Interesting, another seller digging their feet in the sand about a return opting instead to leave someone unhappy with a coin ended up making things worse with the backlash. Who could ever see that coming?
@ilikemonsters said:
An unfortunate observation about my generation is that young people are driven by money and profit. I know people that are around my age who only became interested in coins because they saw the potential to make a large profit and a living on coins. So much, that they don't actually care about the hobby itself or the history behind many areas of numismatics. IMO a YN who truly cares about the hobby is rare.
Reading this in retrospect is kind of funny, there has been an uproar on Instagram today since you cracked a PCGS graded coin out of a details holder to sell as problem free. I'd imagine your motive for doing so was to make a profit, or at the very least get your money back.
While you may feel this coin (see below) should straight grade at a TPG service, the community at large disagrees, and so did PCGS (having already given it a details grade). Instead of blocking the person who purchased the coin, and ultimately wanted to return it, why not just do the right thing and give their money back?
Yup. That coin has obviously been cleaned. Cracking it out of details slab and then selling it raw without describing that problem to a potential buyer is totally dishonest.
Worry is the interest you pay on a debt you may not owe.
Yeah he should change it to a guess the grade on a trime if he wants no one to open the thread
m
Walker Proof Digital Album Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
I am 60 and have done Coins since I was 8 years old. After I was 13, I started raising a couple of litters of pigs each year and I was allowed to blow that hog money instead of saving it. Coins saw a big piece of that money.
There was a lot more discretionary money floating around n the late 1970s than today, and this was also true in the early 1990s and probably just before 2007. When people have lots of discretionary money, things get bubbly. Also, when silver is on a tear upwards, things get bubbly. Coins won't die, liquidity changes, values fluctuate. Change is natural and inevitable.
@ilikemonsters said:
An unfortunate observation about my generation is that young people are driven by money and profit. I know people that are around my age who only became interested in coins because they saw the potential to make a large profit and a living on coins. So much, that they don't actually care about the hobby itself or the history behind many areas of numismatics. IMO a YN who truly cares about the hobby is rare.
Reading this in retrospect is kind of funny, there has been an uproar on Instagram today since you cracked a PCGS graded coin out of a details holder to sell as problem free. I'd imagine your motive for doing so was to make a profit, or at the very least get your money back.
While you may feel this coin (see below) should straight grade at a TPG service, the community at large disagrees, and so did PCGS (having already given it a details grade). Instead of blocking the person who purchased the coin, and ultimately wanted to return it, why not just do the right thing and give their money back?
Yup. That coin has obviously been cleaned. Cracking it out of details slab and then selling it raw without describing that problem to a potential buyer is totally dishonest.
The problem was described in the very beginning, BEFORE the buyer made an offer.....
The TrueView of the coin was sent to the buyer BEFORE an offer was made as well!
The thread title was changed because I didn't want something blowing up which didn't belong on the thread. What's beginning is completely off-topic..
Hope this clarifies things...
Have a good night!
Yeah he should change it to a guess the grade on a trime if he wants no one to open the thread
m
Now THAT'S the most humorous post I've read all week.
Second thought, I wasn't aware Instagram has a coin following?
A lot of coin business amongst the young and savvy takes place on IG.
m
Walker Proof Digital Album Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
Auroaboralis, how was anything written considered off-topic? If anything, it bolsters your case within the original topic. Your TrueView certainly doesn't show a cleaned coin. And, unless someone looks up that PCGS number they wouldn't know it either.
You've always owned truly attractive coins- some I'd be envious of (not jealous). Did this particular Instagram buyer get his refund?
@braddick said:
Auroaboralis, how was anything written considered off-topic? If anything, it bolsters your case within the original topic. Your TrueView certainly doesn't show a cleaned coin. And, unless someone looks up that PCGS number they wouldn't know it either.
You've always owned truly attractive coins- some I'd be envious of (not jealous). Did this particular Instagram buyer get his refund?
I am not Auroraborealis ?? I can only wish to own such marvelous coins!
The thread title was changed because I didn't want something blowing up which didn't belong on the thread. What's beginning is completely off-topic..
Hope this clarifies things...
Have a good night!
The buyer purchased the coin in good faith based on your in-hand description of the coin, which didn't mention hairlines covering the reverse.
Today's young folks (millennials) need instant gratification. They do not even own a Red Book it seems. Have to do everything online and if you can't do it online it can't be done. They are all cursed by the FOMO bug where they think that if they are not online and surfing they are being left out.
They don't sit in an easy chair or at a desk with a book (reference preferable, not comic) and read. Nobody even says hello with their voice anymore....tap tap tap tap tap tap......tap tap tap.
People should just throw those damn things away, use a land line and a computer at a desk.
bob
Oh and for those that don't know I do not own a cell phone, baby. Wanna talk? 702-243-0936 and I probably will let the answering machine do it's job, so leave a message please, and I'll get back when I'm ready, damn ready.
**Fomo
| fōmō |
noun
a state of mental or emotional strain caused by the fear of missing out.**
Registry: CC lowballs (boblindstrom), bobinvegas1989@yahoo.com
Yeah he should change it to a guess the grade on a trime if he wants no one to open the thread
m
Now THAT'S the most humorous post I've read all week.
Second thought, I wasn't aware Instagram has a coin following?
A lot of coin business amongst the young and savvy takes place on IG.
m
That is putting it pretty generously for the IG coin collecting community... "saavy" . IG is full of young wannabe "dealers" and drama, so I stay away from there for the most part.
@AUandAG said:
Today's young folks (millennials) need instant gratification. They do not even own a Red Book it seems. Have to do everything online and if you can't do it online it can't be done. They are all cursed by the FOMO bug where they think that if they are not online and surfing they are being left out.
They don't sit in an easy chair or at a desk with a book (reference preferable, not comic) and read. Nobody even says hello with their voice anymore....tap tap tap tap tap tap......tap tap tap.
People should just throw those damn things away, use a land line and a computer at a desk.
bob
Oh and for those that don't know I do not own a cell phone, baby. Wanna talk? 702-243-0936 and I probably will let the answering machine do it's job, so leave a message please, and I'll get back when I'm ready, damn ready.
**Fomo
| fōmō |
noun
a state of mental or emotional strain caused by the fear of missing out.**
Do you really think that a redbook is the end all be all of information for coin collectors? There are significantly better FREE educational resources online and high resolution photography of coins/varieties/die states along with ACCURATE price guides. If I used a redbook as a priceguide, I would be about 20-30% in the hole with each transaction, LOL.
Some of those FREE informational resources are: forums like this community, websites like coinfacts and the Newman Numismatic Portal and photograde. Websites like Ebay/heritage/GreatCollections sold listing are invaluable to use as a way to price coins and another free US priceguide is numismedia.com. Sure books are an important resource to have and use, however, there are other more accurate and robust resources to use.
A very interesting thread that took an unexpected twist. I started reading it and wondered why a good intentioned thread regarding YN would want to be closed. It brings up all sorts or buying and selling issues and moral and ethical ones as well. Good luck to all involved.
Oh, and for the OP...just return the money. I understand you have a stance on it but more damage will be done by taking a hard-lined stance than just trying to make a buyer happy. It's your reputation. Think long term...
The thread title was changed because I didn't want something blowing up which didn't belong on the thread. What's beginning is completely off-topic..
Hope this clarifies things...
Have a good night!
The buyer purchased the coin in good faith based on your in-hand description of the coin, which didn't mention hairlines covering the reverse.
Just to add to my point above, if the coin had sold on eBay, where it was listed before you received the offer on Instagram, when were you going to tell that buyer about the details holder and harsh cleaning? There was no mention of either in the listing title or description.
When I see a coin that should be in a TPG holder but isn't, I assume it's not holdered for a reason, i.e. it was cracked out and sold as something it isn't or the coin isn't authentic. Combine that with a No Return policy and I avoid it like the plague. I think the lesson is a hard one but hopefully it helps in the future.
It happened to me when I was young. I just graduated from college and hardly had any money to my name. I was at an auction and a befriended a vest pocket dealer. He sold me some "BU" Morgans for $200. I thought I was smarter and knew something he didn't and went ahead with the purchase right then and there. It didn't turn out well at all and still stings but I never forgot it and it never happened again.
Are you the same chracter self proclaimed expert on about not being able to return dimes when opened the unslabbed holders and wanted a return and called out the seller?
@giantsfan20 said:
Are you the same chracter self proclaimed expert on about not being able to return dimes when opened the unslabbed holders and wanted a return and called out the seller?
@giantsfan20 said:
Are you the same chracter self proclaimed expert on about not being able to return dimes when opened the unslabbed holders and wanted a return and called out the seller?
Yikes, selling cleaned coins broken out of details holders without telling about the problems? Yup, some "young people are driven by money and profit" it seems...........
The thread title was changed because I didn't want something blowing up which didn't belong on the thread. What's beginning is completely off-topic..
Hope this clarifies things...
Have a good night!
The buyer purchased the coin in good faith based on your in-hand description of the coin, which didn't mention hairlines covering the reverse.
Just to add to my point above, if the coin had sold on eBay, where it was listed before you received the offer on Instagram, when were you going to tell that buyer about the details holder and harsh cleaning? There was no mention of either in the listing title or description.
@spacehayduke said:
Yikes, selling cleaned coins broken out of details holders without telling about the problems? Yup, some "young people are driven by money and profit" it seems...........
Still no offer for a full refund according to the person who purchased the coin.
@spacehayduke said:
Yikes, selling cleaned coins broken out of details holders without telling about the problems? Yup, some "young people are driven by money and profit" it seems...........
Still no offer for a full refund according to the person who purchased the coin.
ilikemonsters
Posts: 767 ✭✭✭✭
Comments
Edit: welp
IG: DeCourcyCoinsEbay: neilrobertson
"Numismatic categorizations, if left unconstrained, will increase spontaneously over time." -me
People were having the same discussions on this forum back in the early 2000s, and well before that offline as well. Will numismatics fluctuate in popularity over the years? Sure, that is unavoidable. But to say the hobby will be "completely dead" is ludicrous.
I posted this comment on a similar thread from a couple of years ago, and I still feel the same way today:
"Fifty years ago I imagine that people had similar concerns about the hobby and how the "kids today are more interested in X" than collecting coins and that the death of the hobby was imminent. This hobby has been around for a long time and I think it would be safe to assume it will be around long after we are gone. Of course, it will have its ups and downs in popularity but it's only natural as interests change and public interest moves onto other hobbies, but that shouldn't stop us collectors from enjoying this hobby while we can. Things will be fine, people will continue to stress and worry about the future of the hobby a hundred years from now and at the end of the day, the future of the hobby really isn't in our hands. People will collect what they enjoy collecting."
@ilikemonsters I am thrilled to see your post and feel your passion for this hobby. I am 61 and been at this less than a year and become obsessed with it. I constantly bring this up at work and got two people hooked so far.
This hobby can easily lend itself to have people seculude themselves in their home/offices and not venture past their home. I am one of the secluded one. You mentioned local clubs But I have not joined one yet. I think it’s time for me to find one. I live outside of Detroit and if anyone knows of a good established club please let now. Thanks!!
DiggerJim
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Great post @ilikemonsters.
Two thoughts:
There are successful YNs in the hobby and I think it's great to see what they do and how they operate. It may not be possibly to replicate but it can be instructive. For example, Justin of Monster Coin Mart seems to have an impressive eBay store with followings in certain areas. He seems to have carved out niches in PCGS moderns and US Philippine coinage.
Think about leverage timeless knowledge with new technologies. Lots of new collectors are Instagram while lots of old timers are on in-person clubs. One thought is to put more information online and have more online clubs. Lately, I've been looking into more online / PDF publications and have been excited about sharing information that way. The ANS is exciting to me because I've been diving into the past issues of the ANS Magazine online. I've also been reading publications by individuals. For online clubs, Knights of the Coin Table are a fun online club with a growing following due to issuing medals by Dan Carr. I've been wondering how all these online activities can be turned into a more modern, more holistic online approach to collecting.
Commentary about the death of the hobby have been the subject of posts here for over twenty years... and it is still going strong. There are many YN's here and on Instagram....Those that are concerned about the state of the hobby are really concerned about the business part....and, from their perspective, a true concern. The reality though, is quite different. The business is healthy, though a large part of the market is now online (websites, ebay, instagram etc.) and not as much at shops and shows.... Malls are disappearing, things are changing in all areas... but business is booming... Check Amazon.... Cheers, RickO
I'm 22 so I feel my yout sentiments can be heard. I started coins when I was about 13 and have never stopped. I've gone to Summer Seminar 5 times, every major coin show except Long Beach (I'm from Michigan) at least once, and have been involved in multiple coin clubs and have run numerous YN programs at conventions, and have seen this dynamic of young people only see the hobby as a business. Some people have brought up Instagram, this to me is the best and worst thing for young people in coins. I have many friends who are able to sell coins very successfully but at the same time, I've seen several young dealers already destroy their reputations by seeing Instagram as only a money grab. This is a huge problem as one of the staples of our hobby is good and reputable dealers. Not just some screen name on Instagram, an actual face to a name. That being said, I like to think my future in the hobby will last a while as I've recently been hired full-time by Heritage...
Andrew Blinkiewicz-Heritage
@Ablinky
“I've seen several young dealers already destroy their reputations by seeing Instagram as only a money grab.”
I agree and will add that it is not just a money grab for young dealers.
Congratulations on the job at Heritage!
I’d say so. Thanks for posting your thoughts!
Sounds nice to get that much travel in! Do you have any advice for other YNs that may want to follow in your footsteps?
Congrats Andrew! Glad to have you here. What will you be doing for Heritage? Will you be working with Mark Feld, also here?
Didn't know that! I thought it was something unheard of, good to know.
Thanks, and yes. I will be in wholesale with Mr. Feld
Andrew Blinkiewicz-Heritage
The reason people collect coins is SIMPLE...they love of MONEY!; So.....when there are no more little boys stacking pennies and no more old men (same people just aged) stacking silver and gold, then yes, the hobby will be dead. Guess what? Never happen. Why? Because people love MONEY. Always have and always will. As Mark Twain said; "The reports of my death are greatly exaggerated.". Hey, all you YN's out there, relax, everything is fine. Besides, if the hobby were to die......think of the deals you could make. You youngsters would really mop-up. In the meantime,........RELAX!!!!!!
Why did my old comment disappear?
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If edit your post’s too quickly (or too many times in a short amount of time) it’ll get poofed. Before hitting the “Post Comment” button it’s a good habit to copy (as in copy/paste) your post. If it posts then you can ignore the copy stored in the buffer. If it goes poof, at least, you’ll have a copy to paste into a new post.
Interesting, thanks for the advice!
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My Instagram Gallery
As a millennial, I do believe coin collecting is dying. There are many reasons for this:
1) Young people don't appreciate history. If you ask any millennial, their least favorite subject is history. The reason why many people collect coins or other antiques is because of their historical value. I just don't see many millennials being interested in numismatics because of their lack of interest in history.
2) The Digital Age. All it takes to keep young people entertained is to give them an iPhone. They'll be glued to the screen for hours on social media, watching Netflix, or playing video games. Keep in mind, the older generations became interested in numismatics because they encountered silver coins in circulation. The same couldn't be said for millennials. Millennials grew up in a time when transactions are mostly electronic, such as credit cards, e-checks, Paypal, Apple Pay, Google Pay, cryptocurrency etc. Because of digital media, most young people don't have any hobbies. The concept of hobbies is non-existent in today's younger generations.
3) Most people are less interested in owning tangible possessions. Part of this problem is due to digital technology, as I mentioned earlier. Most coin related questions I've seen on Reddit are of people wishing to sell their inherited collections, asking what their coins are worth. People wanting to sell their parent's/grandparent's collections is evident in the lack of interest in numismatics. Today's society views coins and antiques as "clutter" that takes up space.
4) Older folks in coin shows. Go to any coin show and you'll realize the hobby is greying. In addition, there's less attendance. Yes, I realize the reason for lower attendance is because most people purchase their coins online. However, I'm pretty sure most people who purchase coins online are age 50+. I don't see any young people going on eBay to buy coins.
I believe we can save the hobby by getting young people interested in history. It's no surprise that millennials view history as a boring subject, considering public schools emphasize students regurgitating facts on standardized tests. It's up to parents to get their kids into coin collecting at an early age. The Great Recession in 2008 caused gold and silver prices to skyrocket, resulting in many people stacking precious metals. Some of these "stackers" would later become coin collectors. After all, coin collecting and precious metals were always linked.
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Au contraire. I teach alot of your generation (18-27), in fact several hundred a year. The majority are not driven by money and profit. Far from it. Most are driven by a strong desire to survive, have relationships, and a fundamental reason for being - such as valued work. We must walk in different circles.............
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Reading this in retrospect is kind of funny, there has been an uproar on Instagram today since you cracked a PCGS graded coin out of a details holder to sell as problem free. I'd imagine your motive for doing so was to make a profit, or at the very least get your money back.
While you may feel this coin (see below) should straight grade at a TPG service, the community at large disagrees, and so did PCGS (having already given it a details grade). Instead of blocking the person who purchased the coin, who ultimately wanted to return it, why not just do the right thing and give their money back?
Why should this be removed and closed @ilikemonsters ?
Just my guess, it may have to do with the post from @Kyle just above yours.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
Interesting, another seller digging their feet in the sand about a return opting instead to leave someone unhappy with a coin ended up making things worse with the backlash. Who could ever see that coming?
Yup. That coin has obviously been cleaned. Cracking it out of details slab and then selling it raw without describing that problem to a potential buyer is totally dishonest.
Worry is the interest you pay on a debt you may not owe.
Title is like a magnet.
Yeah he should change it to a guess the grade on a trime if he wants no one to open the thread
m
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
I am 60 and have done Coins since I was 8 years old. After I was 13, I started raising a couple of litters of pigs each year and I was allowed to blow that hog money instead of saving it. Coins saw a big piece of that money.
There was a lot more discretionary money floating around n the late 1970s than today, and this was also true in the early 1990s and probably just before 2007. When people have lots of discretionary money, things get bubbly. Also, when silver is on a tear upwards, things get bubbly. Coins won't die, liquidity changes, values fluctuate. Change is natural and inevitable.
Now THAT'S the most humorous post I've read all week.
Second thought, I wasn't aware Instagram has a coin following?
peacockcoins
The problem was described in the very beginning, BEFORE the buyer made an offer.....
The TrueView of the coin was sent to the buyer BEFORE an offer was made as well!
Here's the coin in question..
https://images.pcgs.com/trueview/37346703_medium.jpg
Our host graded the coin "UNC Details Cleaned".
The thread title was changed because I didn't want something blowing up which didn't belong on the thread. What's beginning is completely off-topic..
Hope this clarifies things...
Have a good night!
A lot of coin business amongst the young and savvy takes place on IG.
m
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
Auroaboralis, how was anything written considered off-topic? If anything, it bolsters your case within the original topic. Your TrueView certainly doesn't show a cleaned coin. And, unless someone looks up that PCGS number they wouldn't know it either.
You've always owned truly attractive coins- some I'd be envious of (not jealous). Did this particular Instagram buyer get his refund?
peacockcoins
I am not Auroraborealis ?? I can only wish to own such marvelous coins!
The buyer purchased the coin in good faith based on your in-hand description of the coin, which didn't mention hairlines covering the reverse.
Today's young folks (millennials) need instant gratification. They do not even own a Red Book it seems. Have to do everything online and if you can't do it online it can't be done. They are all cursed by the FOMO bug where they think that if they are not online and surfing they are being left out.
They don't sit in an easy chair or at a desk with a book (reference preferable, not comic) and read. Nobody even says hello with their voice anymore....tap tap tap tap tap tap......tap tap tap.
People should just throw those damn things away, use a land line and a computer at a desk.
bob
Oh and for those that don't know I do not own a cell phone, baby. Wanna talk? 702-243-0936 and I probably will let the answering machine do it's job, so leave a message please, and I'll get back when I'm ready, damn ready.
**Fomo
| fōmō |
noun
a state of mental or emotional strain caused by the fear of missing out.**
::Whoops:: Sorry iLikeMonsters! I read a post a while back linking to the other member's Instagram and thought it was you.
Also, the silver lining to this thread I was able to practice what I recently learned the other day:
"Jealousy is when you worry someone will take what you have ... envy is wanting what someone else has.”
peacockcoins
Time for a bigger shovel.
It’s clear you want the thread closed because you’re the problem you were initially complaining about.
TTT
Worry is the interest you pay on a debt you may not owe.
That is putting it pretty generously for the IG coin collecting community... "saavy"
. IG is full of young wannabe "dealers" and drama, so I stay away from there for the most part.
Do you really think that a redbook is the end all be all of information for coin collectors? There are significantly better FREE educational resources online and high resolution photography of coins/varieties/die states along with ACCURATE price guides. If I used a redbook as a priceguide, I would be about 20-30% in the hole with each transaction, LOL.
Some of those FREE informational resources are: forums like this community, websites like coinfacts and the Newman Numismatic Portal and photograde. Websites like Ebay/heritage/GreatCollections sold listing are invaluable to use as a way to price coins and another free US priceguide is numismedia.com. Sure books are an important resource to have and use, however, there are other more accurate and robust resources to use.
A very interesting thread that took an unexpected twist. I started reading it and wondered why a good intentioned thread regarding YN would want to be closed. It brings up all sorts or buying and selling issues and moral and ethical ones as well. Good luck to all involved.
Oh, and for the OP...just return the money. I understand you have a stance on it but more damage will be done by taking a hard-lined stance than just trying to make a buyer happy. It's your reputation. Think long term...
It's good to know that millennials have no interest in history.
Their influence should be short lived.
Just to add to my point above, if the coin had sold on eBay, where it was listed before you received the offer on Instagram, when were you going to tell that buyer about the details holder and harsh cleaning? There was no mention of either in the listing title or description.
When I see a coin that should be in a TPG holder but isn't, I assume it's not holdered for a reason, i.e. it was cracked out and sold as something it isn't or the coin isn't authentic. Combine that with a No Return policy and I avoid it like the plague. I think the lesson is a hard one but hopefully it helps in the future.
It happened to me when I was young. I just graduated from college and hardly had any money to my name. I was at an auction and a befriended a vest pocket dealer. He sold me some "BU" Morgans for $200. I thought I was smarter and knew something he didn't and went ahead with the purchase right then and there. It didn't turn out well at all and still stings but I never forgot it and it never happened again.
Good thread!
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Here you go. This is xf
Best place to buy !
Bronze Associate member
Are you the same chracter self proclaimed expert on about not being able to return dimes when opened the unslabbed holders and wanted a return and called out the seller?
Gary ?
This is an alt but one in the same.
Oh yeah. I remember that thread.
Oh...geez...is this Gary? That was one heck of a hot mess thread.
In honor of the memory of Cpl. Michael E. Thompson
Yikes, selling cleaned coins broken out of details holders without telling about the problems? Yup, some "young people are driven by money and profit" it seems...........
Successful transactions with-Boosibri,lkeigwin,TomB,Broadstruck,coinsarefun,Type2,jom,ProfLiz, UltraHighRelief,Barndog,EXOJUNKIE,ldhair,fivecents,paesan,Crusty...
The coin looks AT as hell anyway.
Yes it is.
Still no offer for a full refund according to the person who purchased the coin.
If that is the case.........back to the top!
This thread title paired with the content in the posts makes this one of my favorite threads