Collectors are old. Who are we going to sell to when the time comes?
Married2Coins
Posts: 547 ✭✭✭
I just attended a three day National Stamp Expo. I did not see one person under 20. I could count on both hands the number of people between twenty and thirty! Most people there including dealers were over fifty and I'll bet the majority of that group were 60+. At least the Boy Scouts were at the FUN Show.
No one under forty is in my coin club either! Young people are not interested in stamps or coins. 
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Comments
I think this is a fair comment and one I have discussed on other Forums.
No doubt there is a demographic headwind, but it is not as bad as for stamps. Still, today's Gen Z and Millenials are more into BitCoins than Gold Coins !
I think you have to separate the coin hobby into 2 main branches: the precious metals coins (gold and silver, like Saints and Morgans)...and the pure numismatic coins where 99.9% or more of the price is not related to face value (Barbers, Standing and Seating coins, etc.). The former have somewhat of a floor for many of the coins which are bullion or quasi-bullion. I think the market for the latter could be much much tougher going forward. To an extent, you had a bear market in those coins from 2010-2020.
Look at the pricing and demand throughout the decades for the MCMVII HR...so many buyers and holders of this coin are not coin collectors. A good example of what happens when the coin hobby has non-traditional parties involved; will we see the flip side for coin types where there is no outside or new interest in coming years ?
Our silver coins will be melted for solar panels. Gold will end up as Bar Mitzvah rings.
**Gold will move up based on CB, SWF, and HNW buying. ** Mass retail buying is irrelevant, except for expanded consumption in emerging countries like in Africa, SE Asia, India, etc.
An MS-65 Saint will always trade at a premium to the gold content, just that the premium itself can have a wide range.
But the coin HAS A PRICE FLOOR which is not the case with other coins that trade at huge premiums and/or have no metallic value. Coins that are worth maybe $1 FV or have $30 in silver value and trade for 10x-25x that level would worry more if I was putting in Big $$$ and expected to get my money back and/or make a profit (if I'm just doing it for hobby enjoyment without regard to future value, that's another thing).
Registry players who paid up for condition rarity coins have price downside exposure.