Could too many US coin redesigns hurt the hobby?

fivecents

On top of the Statehood quarters and the Jefferson nickel, the goverment now is considering alot of other coin design changes. The dollar coin could have four different obverse changes per year, each with a different US President (43 different Presidents) if approved and signed into law. A $10 gold bullion coin with the first spouses of the US presidents (39 First Ladies so far)may also be signed into law. It could become sensory overload for collectors with all the different coins and sets each year.

LAWMAN

Nope. We're living in a new Golden Age of Moderns. Granted, they make 10 gazillion of most of them, but there's going to be even more new stuff coming down the pike. Sure beats having sets go on for 50, 60 years at a time.

291fifth

What we need is new high quality designs, not a large number of new designs.

Baley

I think a certain percentage of the gazillion folks buying state quarters and modern commems will someday want to form collections of older coins. I for one think this will be very very good for the hobby when these collectors, many of which are in the 10-15 year old age range, decide to buy some older, rarer coins.

topstuf

I'm waiting for a new 3c nickel.

FC57Coins

Don't forget 1996 when we had the last gazillion commemoratives and a lot of people overloaded then.

cladking

It shouldn't be a problem as long as they aren't circulating coins. When they
change the designs of the circulating issues then it tends to trivialize the coins
themselves and turn them into bill boards. This could do long term damage to
the hobby and may have contributed to the large scale back in stamp collecting.

Making more different designs just for collectors is OK but they may end up bor-
ing collectors if they make too many.

fivecents

<< <i>Don't forget 1996 when we had the last gazillion commemoratives and a lot of people overloaded then. >>


My thoughts exactly.

Bikingnut

No, I think it will generate even more interest.

MJCoin

It's funny you mention the overload of '96. While most collectors were crying about too many coins, I was busy buying every commemorative that came down the pike. And now I own all of the low mintage commemoratives of the whole 1982-date series.

P.S. Ask a dealer how easy it is to aquire these coins, regardless of buy prices.

ms70

<< <i>What we need is new high quality designs, not a large number of new designs. >>



I agree. In fact I'm seriously considering selling everything I have from 2000 to now. If I keep up with all the new designs I'll
have to get another (or bigger) safe. In the last 5 years there's been more coinage designs to collect than in the last 100 years
and growing! I'm thinking I should leave the new century stuff for kiddies to collect. It's all so uninspiring & meaningless. It just
takes up space. Just my opinion........

[flame suit on]

Nysoto

It is similar to dilution with common stock, more shares are issued the average price will go down. The internet has brought in thousands of new collectors to absorb the dilution. Look at the auction catalogs of 20 years ago compared to current, and what types of coins the market is focusing on.

For myself, this is helping my area of collecting, bust coins. If the thousands of new collectors start chasing these I will quickly get priced out of the market, there are not enough to go around.

LAWMAN

last comment- nope. There's millions and millions of would-be collectors. Coin collecting was huge in the 40's and 50's and some of the 60's-- in some ways more people involved than now.