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Let's try again: "Is the hobby of coin collecting dying, thoughts?"

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Comments

  • BillDugan1959BillDugan1959 Posts: 3,821 ✭✭✭✭✭

    You realize, of course, that the coin dealer is there to swindle poor old Mr. Wilson? Really.

  • cladkingcladking Posts: 28,734 ✭✭✭✭✭

    @OwenSeymour said:

    Haha is that so? That's weird because I LOVE going to shows and I LOVE interacting with fellow coins lovers whether as customers, dealers, veterans, or noobies.

    The criticism seemed unfair to me as well. This place (and life) wouldn't be as much fun if we all agreed all the time.

    There are signs everywhere that there are huge numbers of new collectors but we old timers don't care about newbies unless they are collecting Morgans or competing for the exact same coins.

    tempus fugit extra philosophiam.
  • shorecollshorecoll Posts: 5,447 ✭✭✭✭✭

    It may be an issue of semantics...if what you love has dropped 50% and you expect it will keep dropping, it may be dead to you. Evolving is a better term.

    ANA-LM, NBS, EAC
  • epcjimi1epcjimi1 Posts: 3,489 ✭✭✭
    edited October 8, 2017 2:24PM

    Hey, Mr. Wilson!!!, How much is this worth?, Mr. Wilson cringe is classic

    Dennis and Tommy doing what I did in the '60s, after that, not so much -

  • kevinjkevinj Posts: 989 ✭✭✭

    we are going the way of stamps

    Our collector base is aging, which if you look at the average age of ANA members, it is in the high 60s,
    if you go to shows, you see the same.

    The number of clubs in each state had dramatically decreased since 1980
    The age of the club members has increased with few members joining.

    I have seen some shows actively recruiting young members,
    But IMO the majority do not

    Kids now a days have their electronics and other interests

    IMO, without an active effort to bring in kids to the hobby, we will go the way of stamps

    Kevin

    Kevin J Flynn
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,615 ✭✭✭✭✭

    I have no idea. The coins I like the most remain the same. Out of my reach.

  • WillieBoyd2WillieBoyd2 Posts: 5,272 ✭✭✭✭✭
    edited May 22, 2024 6:51PM

    Mr. Wilson makes a discovery:

    image

    Unfortunately no one knew what "MS-66" meant in 1960.

    :)

    https://www.brianrxm.com
    The Mysterious Egyptian Magic Coin
    Coins in Movies
    Coins on Television

  • ElmerFusterpuckElmerFusterpuck Posts: 4,798 ✭✭✭✭✭
    edited October 9, 2017 7:10AM

    This topic does seem to come up a bit, and I'm leaning towards evolving. The ones that are screaming that it's outright dying - maybe you need to take a better look around besides just coin shows and clubs. That's like looking at your swimming pool and then declaring there are no longer fish in the ocean. Most of the current generation just doesn't see the value in hanging around with people going off about the 'gubmint', the Fed and needing a gold-based currency.

  • DMWJRDMWJR Posts: 6,045 ✭✭✭✭✭

    If I were looking for the next and possibly final wave of coin collectors en masse, it would be when the kids who collected state quarters turn 50. They may not stick with quarters, but the seed will have been planted. Why 50? That group is late to the party in having a serious drive to have discretionary funds for this type of thing. They have to have "experiences" before all else.

    Doug
  • logger7logger7 Posts: 9,055 ✭✭✭✭✭

    What are dying are the attempts to palm off on collectors problem and over-graded material; the major auction houses led the way generally requiring coins and currency to be graded. Ebay now requires much of the material listed there over a certain value to be properly certified. A multi-millionaire businessman at a Vermont show said he had been fleeced on mis-graded currency, and appreciated that I had certified material. That seems to be the trend, rather than the irrational, subjective collecting of the past for many.

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