Will the coin hobby ever dry?
coinshop
Posts: 113 ✭✭
Spoke to a well known card dealer.
They said once the old gen passes, there won't be enough of the newer gens to keep it going. True or not?
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Was that croupier in Vegas?
Disclaimer: I'm not a dealer, trader, grader, investor or professional numismatist. I'm just a hobbyist. (To protect me but mostly you! 🤣 )
Seems like a very big concern for a few this past few days.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
Wasn't "coin collecting a hobby of kings."
I recommend putting it on medium heat in a standard dryer or line dry in direct sun for 5 hours....Should be good and dry after that.
As long as my flight to Orlando next week lands at the airport and not the Atlantic Ocean, I should be dry.
Member ANA, SPMC, SCNA, FUN, CONECA
Meh... so were stamps, once upon a time.
How many kings are there?
It goes in cycles. But popular, not just rich guys, collecting really ramped up with the 1955 DDO cent discovery and popularization. It is still a short-lived hobby in that regard. There are still younger collectors, even though they use plastic in commerce. They just are not so present at shows and B&Ms. We never stop minting OCD types. But I expect the number of collectors to wane and information (especially with integrated AI) to skyrocket. So a lot of the dreck and common stuff will lose its market. There is plenty of rare and fun material to keep the hobby rolling at all budget levels.
There will always be interest in bullion and high end stuff. With that being said, even with bullion, it will not be mainstream as we do not have the gold gift giving culture a country like Turkey has. But there are policy responses to help spur interest in American history and the hobby but the current circulating commemoratives will not cut it.
Someday it will be asked, "What are these coins of which you speak? I never carry coins, like so many others.
Visit the next available coin show and do a quick head count of the under 18 crowd. I saw plenty at this past Fall PAN show. I'm willing to bet the number is much higher at say, the FUN show? And there's your answer.
Card Dealer as in sports cards or a Vegas Black Jack Dealer?
Back in the day, I knew a Black Jack Dealer that became quite the coin dealer- I think he passed away about 10 years ago.
Coins will maintain a reasonable following from those that begin later in life after developing an appreciation for history, art and design. Collecting anything can be like drinking coffee, beer or wine… it is an acquired taste that develops over time.
Experience the World through Numismatics...it's more than you can imagine.
Hobby is fine as long as there are direct flights 😆
I dont know how reliable of an indicator that is. A lot of these kids are hustlers/flippers and may not go on to be dedicated collectors. Contrarily, people in their 30-40 age may start collecting now that they have the resources, but have never collected a day in their life.
Im working with someone like that now, someone who had never collected coin in his life, but recently became intrigued withCalifornia gold rush history. Now he is a budding pioneer gold collector who owns several nice coins in the 5-25k range
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We have some new Kings!
Very nice! The people that I know that started collecting later in life with resources did collect when they were younger, but inexpensive things like cheap coins, sports cards, etc.
It seems like a lot of kids are avid Pokemon card collectors these days. Not sure if that will translate to coin collecting later.
A few—probably not coin collectors?
Michael Jackson
Elvis Presley
King Kong
Jan Lewan
Hank Hill
Rodney
Don
B.B.
Do they collect?
I don't think you can count dead or fictional kings. Try to sell them your coins.
The hobby will never dry.
King James is a renowned collector... of sneakers. He also does art. Not sure about coins.
Sneakers are popular because they are still used in everyday activiites, in sports, and art can be more easily admired in a group setting.
If anything, his coins may be more popular with younger collectors that follow sports.
No I don’t believe RCI will disappear. Somebody can easily fish what’s in your bank, investment accts. But their easily getting the bottom line / intel data on your RCI a different story. Security mgt a must of course.
I like a dry martini or a gin & tonic.
"Got a flaming heart, can't get my fill"
That and $3.00 can get you a crappy cup of coffee.
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Yeah, but they put my name on the paper cup, so I feel pretty special. That's worth something.
From https://bid.juliensauctions.com/lot-details/index/catalog/311/lot/120969/B-B-KING-LAS-VEGAS-SILVER-COINS
Mr_Spud
There are still grey hairs at the shows. Look at the photos of the shows.
But, All the collectors and dealers I knew in the 80's are now in the fourth quarter
Or heavens bourse or hades bourse.
Not enough youngins to replace them. So I expect t at some point a dip in demand and prices.
Only when human civilization dies. People have collected coins for over 1000 years. It will have its ups and downs but I don’t think it will ever die.
The bullion angle for gold and silver will always have a positive spillover effect for numismatic coins of those metals.
I don’t think the coin hobby will die out. While older collectors have been a big part of it, younger generations are starting to show interest, especially in unique and limited-edition coins. With social media and easier online buying and selling, the hobby is just evolving, not disappearing
fair points.
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