Your assessment of the hobby today
Cam40
Posts: 8,146 ✭
Where does it stand for collectors and dealers right now.
What do you think the future holds for collectors and dealers alike.
What are your views.
All manner of opinions are welcome.
What do you think the future holds for collectors and dealers alike.
What are your views.
All manner of opinions are welcome.
0
Comments
Hepcat Records continues to be a fine dealer for hard to find new and vintage Rockabilly....
some of the scum dealers have been exposed and shunned......
Lucille's Rockin Radio continues to restore music and has been known to put together some very rare cd's for people..
Looking for a better 2004....
"Senorita HepKitty"
"I want a real cool Kitty from Hepcat City, to stay in step with me" - Bill Carter
and it sets us apart from practitioners and consultants. Gregor
As for the coin market... It is tough to tell. I think rare dates will do the best as long as they are original and quality for thr grade.
Experience the World through Numismatics...it's more than you can imagine.
Baby Boomers (supposedly those of us with "disposable" incomes) are aging....... and retiring from our sources of disposable incomes..... Some have done well and will continue to collect after retirement, while others may need to sell off parts of or entire collections to fund their "golden" years.......... As such, I predict a glut of coins coming on the market in the next 20 years valued under $5k each representing the gems of individual collections which by now will return quite a substantial profit for the aging sellers............
I predict the "Uber" coins run up will not end however.......... Keep in mind that no one bids against himself in an auction arena, and that there is always a back up bidder not far behind......... The sheer #s of "deep pockets" in the hobby will assure prices will rise for the ultimate coins..........
The under $1000 crowd (thats me) will in my estimation remain pretty much unchanged......... After all, we're just working Joe's with a numismatic (usually uncurable but rarely fatal) malady..........
The mass quantity of folks drawn in by the State Quarter program will begin to dwindle as people lose interest in the hype....... 50 years from now, "Intergallactic Ebay" will offer late 90's and early 00's proof sets at $20 a piece.............
Coin dealers will continue to wear "3 point" glasses....... (buy as a 62, sell as a 65)........... Beginners will continue to learn EXPENSIVE lessons........... All dealer sales will be done electronically in 3D........... and all dealer buying will be done in brick and mortar establishments where "lubricant" will be positioned at the entrances much like Holy Water is available at your nearest Catholic Church !!!!!!!!
3 "DAMMIT BOYS"
4 "YOU SUCKS"
Numerous POTD (But NONE officially recognized)
Seated Halves are my specialty !
Seated Half set by date/mm COMPLETE !
Seated Half set by WB# - 289 down / 31 to go !!!!!
(1) "Smoebody smack him" from CornCobWipe !
IN MEMORY OF THE CUOF
<< <i>Coins that are actually rare and are from popular series will continue to do well. Problem free coins issued prior to 1816 will be exceptionally solid. Coins with problems are going to continue to slip. Most moderns are going to stumble badly. A few of the lower mintage modern gold commems will do well. Serious money is going to be lost in the moderns market as the registry set craze fades. >>
The modern market is maybe two or three percent the coin market. So it's safe to
assume that the serious money being lost ill leave it at what 1/4% maybe? Sounds
like one can really take a bath in the wrong coins.
My best friends and most of my family have no idea I'm a collector and I was relieved I didn't know anyone when I joined the club. My collecting is extremely personal and something I am not comfortable sharing with people that are not collectors. I love this hobby but I have no desire to get others into it.
Similar threads have surfaced previously and it appears that many others also keep their collecting in the dark for a variety of reasons. That doesn't seem to bode well for the hobby does it? Or maybe the ranks of anonymous collectors swells daily?
The moving towards the cashless society and the glut of coins we already have would
make it seem that it wouldnt be too wise to invest heavily into coins.
BUT, the future is most definitely uncertain.
Or anoither train of thouight could be that coin collecting will just be bigger and bigger as time goes on.Just
as everything else in life goes.
Plus, for it to have been around for the thousands of years it has and it suddenly just stops just doesnt sound too likely in my opinion.
Even if a day comes when `cash isnt king`, coins as relics of the past will still have great value.
So I,m basicly optomistic about the future (long term) of the hobby.
of many millions of baby boomers to the hobby since the states quarters were
introduced. These people are creating much of the demand for the coins they
collect. These tend to be the same coins they collected back in the '50's, '60's,
and '70's.
Over the next ten to fifteen years vast numbers of coins will be turned over to the
new collectors. These are the ones who started with the states issues and for the
main part are still collecting them.
It will be interesting to see how many of them will be around in ten or twenty years.
They should be forewarned that if there are too few of them that the prices of the
classics will plummet. There will hardly even be a bottom to most of these coins
as hundreds or thousands come on the market and there is no one who wants
them. These market are speculative to the degree that buying coins in them is
a bet that there will be a new generation of collectors despite the impediments to
new collectors. While these may not appear risky now in the hot market caused by
returning collectors and speculative fever, they could crash suddenly and without
warning as people come to believe that there will not be a viable market at some
point in the future.
Perhaps every thread about classics could contain such a warning, or it could be a
header for every post. One can't be too careful in protecting newbies.
Fortunately these dangers are much less acute for the moderns since modern collectors
tend to be younger.
<< <i>In the last ANA mag they pointed out that the average age in the org was something like 53. That's plain scary. >>
I wouldn't worry about it too much. That's about what the average age was when I got into collecting over thirty years ago. If you were go back to around the turn of the century and check the average age of the ANA membership I think you would find it was probably around 50 then as well. Coin collecting mainly appeals to an older group that has gotten their schooling and the raising of their family out of the way and are established in their careers. Since they don't have to spend their income on family expenses anymore they get more into the hobby, usually in their 40's. Since there are still members from the generation before them active in their 60's and 70's you get an average figure in the 50's.
Back when I joined the Louisville Coin Club in 1975 it had about 100 members. The average age was in the 50's. The oldest was around 88. Almost thirty years later, the membership is still about 100 members. The average age is still in the 50's, but there is only a small handful of people that were members back in 75 that are still members today. Only one of the founding members from 1958 is still alive. He's in his 80's. The faces keep changing but the demographics have stayed the same.
<< <i>
<< <i>In the last ANA mag they pointed out that the average age in the org was something like 53. That's plain scary. >>
I wouldn't worry about it too much. That's about what the average age was when I got into collecting over thirty years ago. If you were go back to around the turn of the century and check the average age of the ANA membership I think you would find it was probably around 50 then as well. Coin collecting mainly appeals to an older group that has gotten their schooling and the raising of their family out of the way and are established in their careers. Since they don't have to spend their income on family expenses anymore they get more into the hobby, usually in their 40's. Since there are still members from the generation before them active in their 60's and 70's you get an average figure in the 50's.
Back when I joined the Louisville Coin Club in 1975 it had about 100 members. The average age was in the 50's. The oldest was around 88. Almost thirty years later, the membership is still about 100 members. The average age is still in the 50's, but there is only a small handful of people that were members back in 75 that are still members today. Only one of the founding members from 1958 is still alive. He's in his 80's. The faces keep changing but the demographics have stayed the same. >>
There was always a distribution of ages in the past. Five years ago one would rarely see
any younger people at coin shows or in coin shops. When I started going to shows in my
twenties, I was always about the youngest around and this has remained a constant over
the decades (at least until recently).
Liberty: Parent of Science & Industry
<< <i>All I know is, if you walk into a coin show with nice 150-200 year old US coins, you will always be able to sell them for good prices. Bring in a bunch of coins minted in the past 30 years and you might not even get an offer. >>
Very, very true!
Also, the idea, stated earlier, that "millions" have entered the hobby because of the state quarters is pure bunk. Most of the state quarter collectors are extremely marginal collectors who merely pull the quarters out of change when they find a new one. As soon as they find out they can't make any money on them they will drop out completely and spend their "collection".
<< <i>
Also, the idea, stated earlier, that "millions" have entered the hobby because of the state quarters is pure bunk. Most of the state quarter collectors are extremely marginal collectors who merely pull the quarters out of change when they find a new one. As soon as they find out they can't make any money on them they will drop out completely and spend their "collection". >>
In all probability this is the next generation of collectors. We would do well to educate and encourage them.