How many collectors are their that spend more than $1000 per year?

291fifth

This doesn't count purchases from the US Mint.

What is your estimate?

What is the basis for your estimate?

jmj3esq

A hell of a lot more than $1000.

RYK

At least 10,000 spend more than $1000 per annum on coins.

Thousands of collectors spend more than $10,000 per annum on coins.

Over 1000 collectors spend more than $100,000 per anum.

What is the basis for your estimate?

WAG

clw54

STONE

As a YN, I think I'm up to about $700-800 on coins per year. It helps when you have a job.....in the summer

Then again, that estimate probably has to do with me selling off a lot of my low grade duplicate semi-keys and common dated coins.



Edited to add: Nope, my estimate was wrong. I have already spent over $1100 dollars on coins this year. There is also the factor of selling a good number of coins to fund all of this buying. I also have made a good deal of money from playing cards.

Scioto

Since February 2005 I have not bought a coin. Everything I've added to my sets since then has come from change.

Shamika

A lot more than you would think.

LindeDad

Per year or per month?

291fifth

I'm not asking how much YOU spend. I'm looking for your estimate of the universe of collectors that spend over $1000 per year.

Since Coin World no longer publishes its circulation each week and since Numismatic News never did, we will have to guess. (Once, at the end of the year, they have to publish the figure since they use the US Mail for delivery. It is usually hidden in the classified section.)

RedTiger

I'd estimate 100,000. There are about 40,000 paid ANA members, about 100,000 registered users on Heritage auctions. Not every joins the ANA, not everyone has a computer. I expect 70% or so of ANA members spend $1000 on coins, the top 10% probably more like $100,000. The membership fee is not cheap. However, there are a lot of collectors that want no part of the ANA and have never joined and will never join.

Heritage registration is free, but again not everyone has a computer, or bothers to register. Probably only about half of Heritage registrants actually spend $1000 a year on coins.

The U. S. mint production numbers are a good base for a lot of estimates as to numbers of collectors. A large majority of those buying from the mint also collect classics. The $1000 cut off makes it more difficult.

Scioto

<< <i>I'm not asking how much YOU spend. I'm looking for your estimate of the universe of collectors that spend over $1000 per year.

Since Coin World no longer publishes its circulation each week and since Numismatic News never did, we will have to guess. (Once, at the end of the year, they have to publish the figure since they use the US Mail for delivery. It is usually hidden in the classified section.) >>



I can only answer for myself.

morgansforever

I try to stay between 2- 3k, on coins.

50cents

More than $1000 per year

I don't have an estimate.

If I see a coin I want or can't live without I buy it.

09sVDB

Much much more. I just spent over 1K on one transaction. With the wife's approval of course!

123cents

Much more than a thousand a year.

cladking

This number is up substantially in the last eight years. There are millions of baby
boomers who have reenterred the hobby and many of these have substantial re-
sources. Most are buying things they collected when they were children but couldn't
afford then like '09-S VDB cents and the like.

I think the number now may be in excess of two million. Most of these buyers are
not yet very advanced but they know what they want, know how to get a good
price and aren't afraid to spend a little money.

garsmith

I smoetimes spend more that $1000 per coin

Bryan1315

heck I usually spend more than $1000.00 on one coin

clw54

<< <i>Most are buying things they collected when they were children but couldn't
afford then like '09-S VDB cents and the like. >>


Yea, verily. 1909-S VDB, 1922 plain, 3-legged nickel.

mercurynut

Definately more than a grand and that is not counting bullion coin purchases.

RBinTex

More than $1,000 per day (on average of course ) but you probably can't call me a collector - ANYMORE

BUT

When I WAS, still about that amount or so.

Russ

It's always a good idea to read the contents of a thread before responding:



<< <i>I'm not asking how much YOU spend. I'm looking for your estimate of the universe of collectors that spend over $1000 per year. >>



I think RedTiger is the closest at 100,000, and he's likely on the low side. Spread out over a year, $1000 is not that much money. Even I spend that much.

Russ, NCNE

291fifth

My own guess would be about 100,000. I'm guessing that the unduplicated circulation of Coin World, Numismatic News and The Numismatist is about at that level.

JRocco

Not sure, but I can say I am doing my share

bigbadchad777

I spend about 10 times $1000 per year!

goose3

There are some years where I may not spend that and other years where I have spent many multiples of that.

Dismeguy

Frankly, I spend more than $1000 per month on seated dimes, much more.......

topstuf

Think what the painted COINS will be worth in the future.

mach19

<< <i>It's always a good idea to read the contents of a thread before responding:



<< <i>I'm not asking how much YOU spend. I'm looking for your estimate of the universe of collectors that spend over $1000 per year. >>



I think RedTiger is the closest at 100,000, and he's likely on the low side. Spread out over a year, $1000 is not that much money. Even I spend that much.

Russ, NCNE >>

I think much higher. 2 1/2 times higher, and that is being modest.

BlindedByEgo

<<How many collectors are their that spend more than $1000 per year?>>

A bunch!