Collectors are never out of the game...they are the game!

291fifth

Collectors make up the core of the coin market. Many of the posters on this forum appear to cater to the highest end of the market, an area where most collectors never go. The market for quality collector coins is always quite solid. The part of the market that is most subject to collapse is the high end, a highly visible but very thin market.

If you collect problem free large cents in the high circulated grades you are not likely to see great swings in price. This material responds to demand from real collectors. The supply continues to shrink as more and more coins visit the "coin doctors" and lost their originality.

Dealers who think collectors are out of the game are likely to find themselves out of the game when the next high-end downturn hits. I expect this to occur before the end of this year.

Clankeye

"The game" is out of this collector. However, my appreciation of coins and enjoyment of the hobby is at an all time high.

Clankeye

1jester

What? I thought the only purpose of collecting was to put food on the table of dealers? Maybe I got it all wrong.

Elcontador

The part of the market that is most subject to collapse is the high end, a highly visible but very thin market.

I run the other way as fast as I can when I see a coin that has registry set potential.

stman

291fifth, good post and I agree with most of what you have stated. But what do I know I'm just a dumb collector. We don't know anything, we're just supposed to shut up, listen to what the dealers tell us, and go to their web site and order up.

Tade

291fifth:

You are totaly correct.

The State Quarter added millions of collectors and they have a lot of money as a group. They are as much of a collector as our graded morgan collectors.

There are three observations I've made:

1. At the ANA in Baltimore, the busy area was not on the carpeted high cost coin area, it was in the budget area. A lot of money and people there. Thats where I was.

2. Some collectors here would be better termed traders, like stock traders or more like day traders. I love the show reports where a coin was bought and the person was able to run down the floor and sell it for a profit. What a collector.

3. Moderns are looked upon as a step child, not a real collector item. Yet we have a Silver Eagle giveaway and get over 120 posts!

Happy collecting.

Barry

And I thought I was the only one who thought this way.

There's an old saying that applies equally well to collectors and dealers, as other pursuits - the tail doesn't wag the dog.