On a global scale, do most collectors collect US coins?;............ and..........
SanctionII
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.......if people in developing countries (I.e. China and India) take up collecting as a hobby, do you think they would collect US coins to the extent that demand for same and thus the prices of same would increase greatly?
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<< <i>I think most collect from their home country first. Go to a coin ship in Canada, you will see many more Candian coins than US coins. >>
Only high dollar collectors and maybe a few lower end collectors from most countries will collect U.S. coinage. Most I would imagine only collect locally.
Collecting in modern times appears to be more a middle or upper class hobby than
most anything and the middle class is burgeoning world wide. Growth rates in many
countries is enormous and much of this wealth is going to expand the middle class.
The introduction of the euro propelled many people in Europe to seek the older coins
from their own countries and there is suddenly demand for coins that never befor had
much interest. American collectors have simply shunned base metal coins so unlike
the old silver they are not widely available here.
People are not only collecting their own countries but often collect the coins of their
former colonies. In the colonies they often collect the coins of the old homeland.
There's still enormous room for growth in many places which have already leaped into
the 21st century and there are still many countries whose economies are expanding
rapidly. Africa will be a major standout befor too many years since many of these coins
have been destroyed.
Until 2000 most of the collectors of most of the countries in the world were in the US.
Now there are dozens of countries for which this is no longer true.
I was at a very large Chinese coin show last year, and two rather large and well known Hong Kong and Singapore coin dealers had HUGE display cases full of PCGS and NGC coins, the vast majority were four and five figure coins............and before anyone asks, no these weren't fake coins in fake slabs, as these two dealers are longtime and well known, and write in coin publications in that part of the world.
I know a collector in Russia through a friend, that has purchased 300k in US Bust and Seated material the last year or so, but most of his collection is in the scarce and rare Russian coinage (which in terms of appreciation, has far outpaced US coinage in recent years). With the recent Millennia auction which showcased the rarest coins in the world, probably never to be seen again in our lifetimes, I'd bet a very good percentage are going to oversease buyers due to our dollar being so week, and demand being so strong for these coins. Couple that with the fact that a lot of these countries have a good deal of wealthy industrialists looking to expand their portfolio, and it should be no surprise that they are as popular.
The last point would be to see what the TPGs are doing to court these folks. Ron Guth was at a Berlin coin show somewhat recently, and was reported in an interview as being blown away at how lavish the shows are overseas compared to ours, and the folks at NGC (whom is better known for grading the world's rarities) is also visiting overseas coin shows and giving public lectures on the advantages of third party grading and certification.
All in all, you can expect MANY really nice US coins to leave our shores for overseas buyers, as well as scarce and rare world coins to be gobbled up by these folks due to demand our our weak dollar.
I think that would be reflected in the popularity of our coins.
<< <i>I think most Americans would be surprised by the modest regard the rest of the world has for Americans.
I think that would be reflected in the popularity of our coins. >>
I doubt very much the rest of the world hates the USA as much as the mainstream media.
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<< <i>I think most Americans would be surprised by the modest regard the rest of the world has for Americans.
I think that would be reflected in the popularity of our coins. >>
I can only speak for my wife's family in Taiwan... They love the great US of A and anything that comes from here. Look at the T-Shirts worn in Japan, China and Taiwan. You'll see a lot of American Flags and references to the USA. While in Taiwan, I saw a monster truck that was painted with the American flag, was flying an American flag and had an American flag license plate. I don't know where the guy parked such a big vehicle in Taibei City, but it was there.
All the places where we have not tried to impart our Republican president's "values" still think the USA is a great place. I would not expect many in the middle east right now to love us though. At least not in Iraq and Iran.
Jonathan
<< <i>I think most Americans would be surprised by the modest regard the rest of the world has for Americans.
I think that would be reflected in the popularity of our coins. >>
Actually, quite a few people around the world can distinguish between individual American citizens and American foreign policy. It's very possible to like Americans and the concepts the nation was built on while being critical of its current political leaders.
After she returned to the States we talked again. I asked her general questions about life in Iran after the Shah was thrown out, what the general population of Iran thought of the Mullahs who rule the country and what the general population thinks about the US invasion of Iraq, the ouster of Saddam and the continued presence of US forces in Iran.
In summary she told me that the general population in Iran can't stand the Iranian government and religious leaders and that the general population has one thought about the US invasion of Iraq. That thought is "Please have the US do the same thing in Iran and remove the current government and religious leaders."
Interesting wot?
The thing that probably escapes the notice of many people and institutions in the USA is that people living in many, many countries around the world do not have the "freedoms" [speech, travel, religious, economic, association, political, etc.] that we have in the USA; that these people outside of the USA realize the freedoms that we in the USA have [and hopefully will continue to have]; and that they wish with all of their hearts and soul that they and their families could enjoy the same freedoms in thier own countries or that they could move to the USA and enjoy those freedoms here.
<< <i>
<< <i>I think most Americans would be surprised by the modest regard the rest of the world has for Americans. >>
Actually I should state that my experience has only been in Europe, and for all I know the rest of the world loves Americans.
I found in Europe that if I lied and identified myself as Canadian, if possible, I was initially treated somewhat better.
It's just a little lie, I only live 500 miles from Canada and have visited there on several occasions.
I think anywhere in the world if people can relate to you as an individual and not as part of a government or foreign policy you will be better liked.
<< <i>A few years ago (well after the US invaded Iraq) the place where I get my hair cut had a person renting a station in the shop. She cut my hair on multiple occasions and we had good conversations. She was in her late 30's and was from Iran. She had left Iran after the Shah was thrown out in 1979 and Ayatollah Komenhi (spelling?) took over. She told me she still had family in Iran and that she was going to go to Iran to visit them for about three weeks.
After she returned to the States we talked again. I asked her general questions about life in Iran after the Shah was thrown out, what the general population of Iran thought of the Mullahs who rule the country and what the general population thinks about the US invasion of Iraq, the ouster of Saddam and the continued presence of US forces in Iran.
In summary she told me that the general population in Iran can't stand the Iranian government and religious leaders and that the general population has one thought about the US invasion of Iraq. That thought is "Please have the US do the same thing in Iran and remove the current government and religious leaders."
Interesting wot?
The thing that probably escapes the notice of many people and institutions in the USA is that people living in many, many countries around the world do not have the "freedoms" [speech, travel, religious, economic, association, political, etc.] that we have in the USA; that these people outside of the USA realize the freedoms that we in the USA have [and hopefully will continue to have]; and that they wish with all of their hearts and soul that they and their families could enjoy the same freedoms in thier own countries or that they could move to the USA and enjoy those freedoms here. >>
I know of people who are of Iranian origin whose families immigrated to the U.S. around 1979, and their opinions regarding the current state of the government and policies of Iran are almost totally in line with the above observations.
The observation that most people will collect coins from their native country or countries they have roots in is very accurate.
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